Total factor productivity in Greece
Greece: Total factor productivity was 1.04 in 2023. ▲ Rising
Total factor productivity in Greece, 1955–2023
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 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.
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
- External balance on goods and services as a percent of GDP -4.5% (2025)
- Inflation of consumer prices 2.5% (2025)
- GDP per capita 21,922 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 9.1% (2025)
- Gross domestic product (GDP) 228.29 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 21,922 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 2.47 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) 2.67 billion current US$ (2024)
- Taxes less subsidies on products 34.17 billion current LCU (2025)
Frequently asked questions
- What is total factor productivity in Greece?
- Total factor productivity in Greece was 1.04 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 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 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 — 69 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
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.