Total factor productivity in Ecuador
Ecuador: Total factor productivity was 1.04 in 2023. ▲ Rising
Latest (2023)
1.04
Change on year
up 0.3%
World rank
17th
of 120 countries
All-time high
1.06
in 2017
All-time low
0.7106
in 1959
Years of data
70
1954–2023
Total factor productivity in Ecuador, 1954–2023
Source: Our World in Data.
Analysis
The most recent figure for total factor productivity in Ecuador is 1.04, measured in 2023.
That represents a change of up 0.3% on the previous year and down 0.6% over ten years.
Over the whole period, total factor productivity in Ecuador peaked at 1.06 in 2017 and was at its lowest, 0.7106, in 1959.
That places Ecuador 17th out of 120 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 70 years of available data.
Total factor productivity in Ecuador, year by year
| Year | Value | Change |
|---|---|---|
| 1954 | 0.7299 | — |
| 1955 | 0.7234 | -0.9% |
| 1956 | 0.7145 | -1.2% |
| 1957 | 0.7142 | -0.0% |
| 1958 | 0.7113 | -0.4% |
| 1959 | 0.7106 | -0.1% |
| 1960 | 0.7212 | +1.5% |
| 1961 | 0.7298 | +1.2% |
| 1962 | 0.7345 | +0.6% |
| 1963 | 0.7251 | -1.3% |
| 1964 | 0.7485 | +3.2% |
| 1965 | 0.7426 | -0.8% |
| 1966 | 0.732 | -1.4% |
| 1967 | 0.7532 | +2.9% |
| 1968 | 0.7514 | -0.2% |
| 1969 | 0.7414 | -1.3% |
| 1970 | 0.7692 | +3.8% |
| 1971 | 0.7592 | -1.3% |
| 1972 | 0.7874 | +3.7% |
| 1973 | 0.81 | +2.9% |
| 1974 | 0.8714 | +7.6% |
| 1975 | 0.9268 | +6.3% |
| 1976 | 0.9286 | +0.2% |
| 1977 | 0.8918 | -4.0% |
| 1978 | 0.8798 | -1.3% |
| 1979 | 0.8687 | -1.3% |
| 1980 | 0.855 | -1.6% |
| 1981 | 0.8969 | +4.9% |
| 1982 | 0.875 | -2.5% |
| 1983 | 0.8482 | -3.1% |
| 1984 | 0.8387 | -1.1% |
| 1985 | 0.8446 | +0.7% |
| 1986 | 0.8448 | +0.0% |
| 1987 | 0.8368 | -0.9% |
| 1988 | 0.8336 | -0.4% |
| 1989 | 0.8188 | -1.8% |
| 1990 | 0.8388 | +2.4% |
| 1991 | 0.846 | +0.8% |
| 1992 | 0.837 | -1.1% |
| 1993 | 0.8277 | -1.1% |
| 1994 | 0.8262 | -0.2% |
| 1995 | 0.8172 | -1.1% |
| 1996 | 0.8313 | +1.7% |
| 1997 | 0.8285 | -0.3% |
| 1998 | 0.832 | +0.4% |
| 1999 | 0.8473 | +1.8% |
| 2000 | 0.8531 | +0.7% |
| 2001 | 0.8587 | +0.7% |
| 2002 | 0.8751 | +1.9% |
| 2003 | 0.8742 | -0.1% |
| 2004 | 0.8994 | +2.9% |
| 2005 | 0.9142 | +1.6% |
| 2006 | 0.9328 | +2.0% |
| 2007 | 0.9285 | -0.5% |
| 2008 | 0.9501 | +2.3% |
| 2009 | 0.9403 | -1.0% |
| 2010 | 0.9443 | +0.4% |
| 2011 | 0.9896 | +4.8% |
| 2012 | 1.02 | +2.8% |
| 2013 | 1.05 | +2.8% |
| 2014 | 1.05 | +0.9% |
| 2015 | 1.03 | -1.9% |
| 2016 | 1.03 | -0.5% |
| 2017 | 1.06 | +2.9% |
| 2018 | 1.04 | -1.8% |
| 2019 | 1.03 | -0.9% |
| 2020 | 1.02 | -1.1% |
| 2021 | 1 | -2.0% |
| 2022 | 1.04 | +3.5% |
| 2023 | 1.04 | +0.3% |
Ecuador compared with similar countries
- Ecuador's 1.04 is above the median for upper middle income countries, which is 0.9902, 1.0× the median. (33 countries reporting)
- Ecuador's 1.04 is above the median for Latin America & Caribbean, which is 1, 1.0× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 0.7173 | 0.7106 | 0.7299 | 6 |
| 1960s | 0.738 | 0.7212 | 0.7532 | 10 |
| 1970s | 0.8493 | 0.7592 | 0.9286 | 10 |
| 1980s | 0.8492 | 0.8188 | 0.8969 | 10 |
| 1990s | 0.8332 | 0.8172 | 0.8473 | 10 |
| 2000s | 0.9026 | 0.8531 | 0.9501 | 10 |
| 2010s | 1.02 | 0.9443 | 1.06 | 10 |
| 2020s | 1.02 | 1 | 1.04 | 4 |
Countries ranked near Ecuador
More economy & growth data for Ecuador
- Real gdp growth, annual growth rate 291.67 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.54 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.51 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -72.83 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.2802 units per person (2025)
- SDRs holdings, SDR, annual growth rate -74.12 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.2046 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 12.99 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in Ecuador?
- Total factor productivity in Ecuador was 1.04 in 2023, according to Our World in Data.
- What is the highest total factor productivity recorded in Ecuador?
- The highest recorded value was 1.06 in 2017.
- What is the lowest total factor productivity recorded in Ecuador?
- The lowest recorded value was 0.7106 in 1959.
- How does Ecuador rank for total factor productivity?
- Ecuador ranks 17th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Ecuador?
- Over the last ten years it is down 0.6%. The long-run trend across the full record is rising.
- Where does this Ecuador data come from?
- The figures come from Our World in Data, published as part of Total factor productivity. Statizoid updates them automatically from the source API.
Download this data
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