Total factor productivity in Greece
Greece: Total factor productivity was 1.04 in 2023. ▲ Rising
Latest (2023)
1.04
Change on year
up 1.0%
World rank
16th
of 120 countries
All-time high
1.41
in 1973
All-time low
0.6289
in 1955
Years of data
69
1955–2023
Total factor productivity in Greece, 1955–2023
Source: Our World in Data.
Analysis
The most recent figure for total factor productivity in Greece is 1.04, measured in 2023.
That represents a change of up 1.0% on the previous year and up 5.2% over ten years.
Over the whole period, total factor productivity in Greece peaked at 1.41 in 1973 and was at its lowest, 0.6289, in 1955.
That places Greece 16th out of 120 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 69 years of available data.
Total factor productivity in Greece, year by year
| Year | Value | Change |
|---|---|---|
| 1955 | 0.6289 | — |
| 1956 | 0.6758 | +7.5% |
| 1957 | 0.7143 | +5.7% |
| 1958 | 0.7333 | +2.7% |
| 1959 | 0.7461 | +1.8% |
| 1960 | 0.7459 | -0.0% |
| 1961 | 0.826 | +10.7% |
| 1962 | 0.8196 | -0.8% |
| 1963 | 0.8979 | +9.6% |
| 1964 | 0.958 | +6.7% |
| 1965 | 1.03 | +7.1% |
| 1966 | 1.06 | +3.5% |
| 1967 | 1.09 | +3.0% |
| 1968 | 1.14 | +4.4% |
| 1969 | 1.22 | +7.2% |
| 1970 | 1.29 | +5.2% |
| 1971 | 1.32 | +2.7% |
| 1972 | 1.38 | +4.2% |
| 1973 | 1.41 | +2.1% |
| 1974 | 1.28 | -9.2% |
| 1975 | 1.32 | +3.3% |
| 1976 | 1.36 | +3.0% |
| 1977 | 1.35 | -0.6% |
| 1978 | 1.4 | +3.5% |
| 1979 | 1.39 | -0.9% |
| 1980 | 1.35 | -2.8% |
| 1981 | 1.26 | -6.2% |
| 1982 | 1.23 | -2.8% |
| 1983 | 1.19 | -3.4% |
| 1984 | 1.21 | +2.0% |
| 1985 | 1.2 | -1.1% |
| 1986 | 1.18 | -1.1% |
| 1987 | 1.15 | -2.7% |
| 1988 | 1.17 | +2.0% |
| 1989 | 1.18 | +0.8% |
| 1990 | 1.16 | -1.6% |
| 1991 | 1.18 | +1.6% |
| 1992 | 1.16 | -2.2% |
| 1993 | 1.11 | -3.9% |
| 1994 | 1.12 | +0.5% |
| 1995 | 1.12 | +0.6% |
| 1996 | 1.12 | -0.1% |
| 1997 | 1.15 | +2.0% |
| 1998 | 1.13 | -1.1% |
| 1999 | 1.14 | +0.3% |
| 2000 | 1.15 | +1.6% |
| 2001 | 1.18 | +2.4% |
| 2002 | 1.2 | +1.6% |
| 2003 | 1.24 | +3.0% |
| 2004 | 1.27 | +2.4% |
| 2005 | 1.24 | -2.1% |
| 2006 | 1.28 | +3.6% |
| 2007 | 1.29 | +0.6% |
| 2008 | 1.27 | -2.1% |
| 2009 | 1.21 | -4.3% |
| 2010 | 1.17 | -3.2% |
| 2011 | 1.08 | -8.0% |
| 2012 | 1 | -6.8% |
| 2013 | 0.9877 | -1.7% |
| 2014 | 0.9918 | +0.4% |
| 2015 | 1.01 | +1.9% |
| 2016 | 0.9901 | -2.0% |
| 2017 | 1 | +1.5% |
| 2018 | 0.9938 | -1.1% |
| 2019 | 1.01 | +2.1% |
| 2020 | 0.9889 | -2.6% |
| 2021 | 1 | +1.1% |
| 2022 | 1.03 | +2.9% |
| 2023 | 1.04 | +1.0% |
Greece compared with similar countries
- Greece's 1.04 is above the median for high income countries, which is 0.994, 1.0× the median. (52 countries reporting)
- Greece's 1.04 is above the median for Europe & Central Asia, which is 0.9969, 1.0× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 0.6997 | 0.6289 | 0.7461 | 5 |
| 1960s | 0.9792 | 0.7459 | 1.22 | 10 |
| 1970s | 1.35 | 1.28 | 1.41 | 10 |
| 1980s | 1.21 | 1.15 | 1.35 | 10 |
| 1990s | 1.14 | 1.11 | 1.18 | 10 |
| 2000s | 1.23 | 1.15 | 1.29 | 10 |
| 2010s | 1.02 | 0.9877 | 1.17 | 10 |
| 2020s | 1.01 | 0.9889 | 1.04 | 4 |
Countries ranked near Greece
More economy & growth data for Greece
- Real gdp growth, annual growth rate -0.6708 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.67 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.25 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 181.25 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 289.76 units per person (2025)
- SDRs holdings, SDR, annual growth rate 167.82 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0079 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 211.58 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in Greece?
- Total factor productivity in Greece was 1.04 in 2023, according to Our World in Data.
- What is the highest total factor productivity recorded in Greece?
- The highest recorded value was 1.41 in 1973.
- What is the lowest total factor productivity recorded in Greece?
- The lowest recorded value was 0.6289 in 1955.
- How does Greece rank for total factor productivity?
- Greece ranks 16th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Greece?
- Over the last ten years it is up 5.2%. The long-run trend across the full record is rising.
- Where does this Greece 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 — 69 observations, free to reuse under CC BY 4.0 (Our World in Data).