Total factor productivity in Finland
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
70
1954–2023
Total factor productivity in Finland, 1954–2023
Source: 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.
Total factor productivity in Finland, year by year
| Year | Value | Change |
|---|---|---|
| 1954 | 0.4763 | — |
| 1955 | 0.4983 | +4.6% |
| 1956 | 0.497 | -0.3% |
| 1957 | 0.4866 | -2.1% |
| 1958 | 0.4761 | -2.2% |
| 1959 | 0.4989 | +4.8% |
| 1960 | 0.5248 | +5.2% |
| 1961 | 0.5391 | +2.7% |
| 1962 | 0.5416 | +0.5% |
| 1963 | 0.5465 | +0.9% |
| 1964 | 0.5594 | +2.4% |
| 1965 | 0.5657 | +1.1% |
| 1966 | 0.57 | +0.8% |
| 1967 | 0.5782 | +1.4% |
| 1968 | 0.5846 | +1.1% |
| 1969 | 0.6237 | +6.7% |
| 1970 | 0.6481 | +3.9% |
| 1971 | 0.6527 | +0.7% |
| 1972 | 0.681 | +4.3% |
| 1973 | 0.7014 | +3.0% |
| 1974 | 0.7022 | +0.1% |
| 1975 | 0.7157 | +1.9% |
| 1976 | 0.7076 | -1.1% |
| 1977 | 0.7076 | -0.0% |
| 1978 | 0.721 | +1.9% |
| 1979 | 0.7555 | +4.8% |
| 1980 | 0.7718 | +2.2% |
| 1981 | 0.7608 | -1.4% |
| 1982 | 0.7683 | +1.0% |
| 1983 | 0.7816 | +1.7% |
| 1984 | 0.7919 | +1.3% |
| 1985 | 0.8037 | +1.5% |
| 1986 | 0.8175 | +1.7% |
| 1987 | 0.8222 | +0.6% |
| 1988 | 0.8434 | +2.6% |
| 1989 | 0.8582 | +1.8% |
| 1990 | 0.8564 | -0.2% |
| 1991 | 0.8362 | -2.4% |
| 1992 | 0.8419 | +0.7% |
| 1993 | 0.8639 | +2.6% |
| 1994 | 0.8958 | +3.7% |
| 1995 | 0.912 | +1.8% |
| 1996 | 0.9267 | +1.6% |
| 1997 | 0.9555 | +3.1% |
| 1998 | 0.9828 | +2.9% |
| 1999 | 0.9976 | +1.5% |
| 2000 | 1.03 | +3.2% |
| 2001 | 1.04 | +0.6% |
| 2002 | 1.04 | -0.1% |
| 2003 | 1.04 | +0.6% |
| 2004 | 1.06 | +2.1% |
| 2005 | 1.07 | +0.7% |
| 2006 | 1.09 | +1.6% |
| 2007 | 1.11 | +2.3% |
| 2008 | 1.09 | -1.9% |
| 2009 | 1.02 | -7.0% |
| 2010 | 1.04 | +2.3% |
| 2011 | 1.05 | +0.7% |
| 2012 | 1.02 | -2.4% |
| 2013 | 1.01 | -1.0% |
| 2014 | 1 | -0.7% |
| 2015 | 1 | -0.4% |
| 2016 | 1.01 | +1.2% |
| 2017 | 1.03 | +2.0% |
| 2018 | 1.02 | -1.5% |
| 2019 | 1.02 | -0.3% |
| 2020 | 0.997 | -1.8% |
| 2021 | 1 | +0.3% |
| 2022 | 0.9858 | -1.4% |
| 2023 | 0.9657 | -2.0% |
Finland compared with similar countries
- Finland's 0.9657 is below the median for high income countries, which is 0.994, 97% of the median. (52 countries reporting)
- Finland's 0.9657 is below the median for Europe & Central Asia, which is 0.9969, 97% of the median. (40 countries reporting)
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
More economy & growth data for Finland
- Real gdp growth, annual growth rate 129.09 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.48 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.51 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 3.08 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 856.76 units per person (2025)
- SDRs holdings, SDR, annual growth rate -1.84 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 625.6 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.01 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in Finland?
- Total factor productivity in Finland was 0.9657 in 2023, according to 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 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).