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: 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.
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
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.22 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0087 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 213.34 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 6.74 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 42.78 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0263 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 647.98 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 57.98 % 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 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.