Total factor productivity in Guatemala
Guatemala: Total factor productivity was 0.9724 in 2023. ▼ Falling
Latest (2023)
0.9724
Change on year
down 2.9%
World rank
90th
of 120 countries
All-time high
1.26
in 1974
All-time low
0.9661
in 2012
Years of data
70
1954–2023
Total factor productivity in Guatemala, 1954–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
Analysis
Guatemala recorded 0.9724 for total factor productivity in 2023.
The figure is down 2.9% on the previous year and down 2.6% over ten years.
Over the whole period, total factor productivity in Guatemala peaked at 1.26 in 1974 and was at its lowest, 0.9661, in 2012.
Guatemala ranks 90th of 120 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 70 years of available data.
Total factor productivity in Guatemala, year by year
| Year | Value | Change |
|---|---|---|
| 1954 | 0.9896 | — |
| 1955 | 0.9671 | -2.3% |
| 1956 | 0.9934 | +2.7% |
| 1957 | 0.9947 | +0.1% |
| 1958 | 1 | +1.0% |
| 1959 | 1.01 | +0.6% |
| 1960 | 1.01 | -0.2% |
| 1961 | 1.03 | +1.9% |
| 1962 | 1.03 | +0.4% |
| 1963 | 1.09 | +5.7% |
| 1964 | 1.09 | -0.2% |
| 1965 | 1.08 | -0.4% |
| 1966 | 1.1 | +1.7% |
| 1967 | 1.11 | +0.3% |
| 1968 | 1.14 | +3.2% |
| 1969 | 1.16 | +1.2% |
| 1970 | 1.18 | +2.5% |
| 1971 | 1.19 | +0.5% |
| 1972 | 1.22 | +2.3% |
| 1973 | 1.23 | +1.4% |
| 1974 | 1.26 | +2.0% |
| 1975 | 1.23 | -2.3% |
| 1976 | 1.23 | +0.3% |
| 1977 | 1.24 | +0.7% |
| 1978 | 1.21 | -2.3% |
| 1979 | 1.2 | -1.6% |
| 1980 | 1.18 | -1.0% |
| 1981 | 1.14 | -3.6% |
| 1982 | 1.09 | -4.3% |
| 1983 | 1.06 | -2.8% |
| 1984 | 1.03 | -2.5% |
| 1985 | 1.02 | -1.5% |
| 1986 | 1.02 | -0.2% |
| 1987 | 1.01 | -0.1% |
| 1988 | 1.01 | -0.3% |
| 1989 | 1 | -1.0% |
| 1990 | 1.01 | +0.8% |
| 1991 | 1.02 | +1.0% |
| 1992 | 1.03 | +1.1% |
| 1993 | 1.02 | -0.7% |
| 1994 | 1.02 | -0.2% |
| 1995 | 1.03 | +0.7% |
| 1996 | 1.02 | -0.7% |
| 1997 | 1.02 | -0.4% |
| 1998 | 1.01 | -0.8% |
| 1999 | 0.9941 | -1.4% |
| 2000 | 0.9844 | -1.0% |
| 2001 | 0.9786 | -0.6% |
| 2002 | 0.9855 | +0.7% |
| 2003 | 0.9819 | -0.4% |
| 2004 | 0.9808 | -0.1% |
| 2005 | 0.9857 | +0.5% |
| 2006 | 0.9906 | +0.5% |
| 2007 | 1.01 | +1.9% |
| 2008 | 1.01 | -0.4% |
| 2009 | 0.9867 | -1.9% |
| 2010 | 0.9905 | +0.4% |
| 2011 | 0.9937 | +0.3% |
| 2012 | 0.9661 | -2.8% |
| 2013 | 0.9982 | +3.3% |
| 2014 | 0.9933 | -0.5% |
| 2015 | 0.989 | -0.4% |
| 2016 | 0.9737 | -1.5% |
| 2017 | 0.9742 | +0.1% |
| 2018 | 0.9878 | +1.4% |
| 2019 | 0.9827 | -0.5% |
| 2020 | 0.9711 | -1.2% |
| 2021 | 1 | +3.0% |
| 2022 | 1 | +0.1% |
| 2023 | 0.9724 | -2.9% |
Guatemala compared with similar countries
- Guatemala's 0.9724 is below the median for upper middle income countries, which is 0.9902, 98% of the median. (33 countries reporting)
- Guatemala's 0.9724 is below the median for Latin America & Caribbean, which is 1, 97% of the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 0.9933 | 0.9671 | 1.01 | 6 |
| 1960s | 1.08 | 1.01 | 1.16 | 10 |
| 1970s | 1.22 | 1.18 | 1.26 | 10 |
| 1980s | 1.06 | 1 | 1.18 | 10 |
| 1990s | 1.02 | 0.9941 | 1.03 | 10 |
| 2000s | 0.989 | 0.9786 | 1.01 | 10 |
| 2010s | 0.9849 | 0.9661 | 0.9982 | 10 |
| 2020s | 0.9863 | 0.9711 | 1 | 4 |
Countries ranked near Guatemala
More economy & growth data for Guatemala
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.43 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.86 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 865.22 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0076 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 47.01 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.85 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 11.98 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0163 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 100.4 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 34.17 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in Guatemala?
- Total factor productivity in Guatemala was 0.9724 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 Guatemala?
- The highest recorded value was 1.26 in 1974.
- What is the lowest total factor productivity recorded in Guatemala?
- The lowest recorded value was 0.9661 in 2012.
- How does Guatemala rank for total factor productivity?
- Guatemala ranks 90th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Guatemala?
- Over the last ten years it is down 2.6%. The long-run trend across the full record is falling.
- Where does this Guatemala 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
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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.