What is total factor productivity in Finland?

Total factor productivity in Finland was 0.9657 in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.

What is the highest total factor productivity recorded in Finland?

The highest recorded value was 1.11 in 2007.

What is the lowest total factor productivity recorded in Finland?

The lowest recorded value was 0.4761 in 1958.

How does Finland rank for total factor productivity?

Finland ranks 97th out of 120 countries with data for 2023.

Is total factor productivity rising or falling in Finland?

Over the last ten years it is down 4.6%. The long-run trend across the full record is rising.

Where does this Finland data come from?

The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Total factor productivity. Statizoid updates them automatically from the source API.

Total factor productivity in Finland

Name: Total factor productivity in Finland
Creator: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data
License: CC BY 4.0 (Our World in Data)

Finland: Total factor productivity was 0.9657 in 2023. ▲ Rising

Latest (2023)

0.9657

Change on year

down 2.0%

World rank

97th

of 120 countries

All-time high

1.11

in 2007

All-time low

0.4761

in 1958

Years of data

1954–2023

Total factor productivity in Finland, 1954–2023

Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.

Analysis

The most recent figure for total factor productivity in Finland is 0.9657, measured in 2023.

Compared with earlier readings it is down 2.0% on the previous year and down 4.6% over ten years.

Over the whole period, total factor productivity in Finland peaked at 1.11 in 2007 and was at its lowest, 0.4761, in 1958.

Finland ranks 97th of 120 countries on this measure, in the bottom quarter.

The long-run direction has been consistently rising across the 70 years of available data.

Averages by decade

Decade	Average	Lowest	Highest	Years
1950s	0.4889	0.4761	0.4989	6
1960s	0.5633	0.5248	0.6237	10
1970s	0.6993	0.6481	0.7555	10
1980s	0.802	0.7608	0.8582	10
1990s	0.9069	0.8362	0.9976	10
2000s	1.06	1.02	1.11	10
2010s	1.02	1	1.05	10
2020s	0.9871	0.9657	1	4

Countries ranked near Finland

94 Argentina 0.9666 compare
95 Bahrain 0.9661 compare
96 Sweden 0.966 compare
98 Cameroon 0.9652 compare
99 Cote d'Ivoire 0.9651 compare
100 Benin 0.9644 compare

See the full ranking of 120 places →

More economy & growth data for Finland

External balance on goods and services as a percent of GDP 1.3% (2025)
Inflation of consumer prices 0.3% (2025)
GDP per capita 44,941 constant 2015 US$ (2025)
Share of manufacturing in gross domestic product (GDP) 14.2% (2025)
Gross domestic product (GDP) 253.76 billion constant 2015 US$ (2025)
GDP per capita in international and market dollars 44,941 constant 2015 US$ (2025)
DEC alternative conversion factor 0.885 LCU per US$ (2025)
Net secondary income (Net current transfers from abroad) -1.76 billion current LCU (2025)
Net secondary income (Net current transfers from abroad) -1.99 billion current US$ (2025)
Taxes less subsidies on products 35.83 billion current LCU (2025)

All data for Finland →

Frequently asked questions

What is total factor productivity in Finland?: Total factor productivity in Finland was 0.9657 in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
What is the highest total factor productivity recorded in Finland?: The highest recorded value was 1.11 in 2007.
What is the lowest total factor productivity recorded in Finland?: The lowest recorded value was 0.4761 in 1958.
How does Finland rank for total factor productivity?: Finland ranks 97th out of 120 countries with data for 2023.
Is total factor productivity rising or falling in Finland?: Over the last ten years it is down 4.6%. The long-run trend across the full record is rising.
Where does this Finland data come from?: The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Total factor productivity. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 70 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator: Total factor productivity
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 120 places, 6,892 data points, 1954–2023
Last refreshed: 07 August 2026

This is the level of total factor productivity, relative to each country's value in 2021 (which is set to 1). This data is adjusted for inflation and differences in living costs between countries.