Total factor productivity in Honduras
Honduras: Total factor productivity was 1.03 in 2023. ▼ Falling
Latest (2023)
1.03
Change on year
up 0.1%
World rank
25th
of 120 countries
All-time high
1.46
in 1978
All-time low
0.9229
in 2020
Years of data
54
1970–2023
Total factor productivity in Honduras, 1970–2023
Source: Our World in Data.
Analysis
In 2023, total factor productivity in Honduras stood at 1.03.
The figure is up 0.1% on the previous year and up 1.7% over ten years.
Over the whole period, total factor productivity in Honduras peaked at 1.46 in 1978 and was at its lowest, 0.9229, in 2020.
That places Honduras 25th out of 120 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently falling across the 54 years of available data.
Total factor productivity in Honduras, year by year
| Year | Value | Change |
|---|---|---|
| 1970 | 1.3 | — |
| 1971 | 1.3 | +0.3% |
| 1972 | 1.33 | +2.0% |
| 1973 | 1.37 | +3.1% |
| 1974 | 1.3 | -5.1% |
| 1975 | 1.28 | -1.7% |
| 1976 | 1.35 | +5.4% |
| 1977 | 1.41 | +4.6% |
| 1978 | 1.46 | +3.3% |
| 1979 | 1.45 | -0.9% |
| 1980 | 1.39 | -3.8% |
| 1981 | 1.38 | -0.8% |
| 1982 | 1.33 | -3.6% |
| 1983 | 1.28 | -4.1% |
| 1984 | 1.28 | +0.1% |
| 1985 | 1.28 | +0.4% |
| 1986 | 1.26 | -1.5% |
| 1987 | 1.3 | +2.6% |
| 1988 | 1.3 | +0.5% |
| 1989 | 1.3 | -0.1% |
| 1990 | 1.26 | -3.4% |
| 1991 | 1.25 | -0.3% |
| 1992 | 1.21 | -3.4% |
| 1993 | 1.21 | +0.1% |
| 1994 | 1.13 | -6.8% |
| 1995 | 1.13 | -0.2% |
| 1996 | 1.08 | -4.3% |
| 1997 | 1.07 | -1.3% |
| 1998 | 1.04 | -2.0% |
| 1999 | 0.9511 | -8.9% |
| 2000 | 0.9839 | +3.4% |
| 2001 | 0.9989 | +1.5% |
| 2002 | 1.01 | +1.2% |
| 2003 | 1.02 | +1.4% |
| 2004 | 1.06 | +3.0% |
| 2005 | 1.07 | +1.2% |
| 2006 | 1.09 | +2.2% |
| 2007 | 1.1 | +0.8% |
| 2008 | 1.08 | -2.1% |
| 2009 | 1.03 | -4.7% |
| 2010 | 1.02 | -0.4% |
| 2011 | 1.04 | +1.4% |
| 2012 | 1.05 | +1.2% |
| 2013 | 1.01 | -3.7% |
| 2014 | 1.02 | +1.2% |
| 2015 | 1 | -2.0% |
| 2016 | 1.01 | +1.2% |
| 2017 | 1.01 | -0.1% |
| 2018 | 0.9813 | -3.1% |
| 2019 | 0.995 | +1.4% |
| 2020 | 0.9229 | -7.2% |
| 2021 | 1 | +8.4% |
| 2022 | 1.03 | +2.6% |
| 2023 | 1.03 | +0.1% |
Honduras compared with similar countries
- Honduras's 1.03 is above the median for lower middle income countries, which is 0.9979, 1.0× the median. (26 countries reporting)
- Honduras's 1.03 is above the median for Latin America & Caribbean, which is 1, 1.0× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.36 | 1.28 | 1.46 | 10 |
| 1980s | 1.31 | 1.26 | 1.39 | 10 |
| 1990s | 1.13 | 0.9511 | 1.26 | 10 |
| 2000s | 1.04 | 0.9839 | 1.1 | 10 |
| 2010s | 1.01 | 0.9813 | 1.05 | 10 |
| 2020s | 0.9941 | 0.9229 | 1.03 | 4 |
Countries ranked near Honduras
More economy & growth data for Honduras
- Real gdp growth, annual growth rate -0.6152 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.52 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.94 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 65.89 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0028 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 10.1 units per person (2025)
- SDRs holdings, SDR, annual growth rate 57.97 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.002 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 7.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 3.44 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in Honduras?
- Total factor productivity in Honduras was 1.03 in 2023, according to Our World in Data.
- What is the highest total factor productivity recorded in Honduras?
- The highest recorded value was 1.46 in 1978.
- What is the lowest total factor productivity recorded in Honduras?
- The lowest recorded value was 0.9229 in 2020.
- How does Honduras rank for total factor productivity?
- Honduras ranks 25th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Honduras?
- Over the last ten years it is up 1.7%. The long-run trend across the full record is falling.
- Where does this Honduras 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 — 54 observations, free to reuse under CC BY 4.0 (Our World in Data).