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: Feenstra et al. – Penn World Table (2025) – with major processing by 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
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 586.56 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0148 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 53.3 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.40 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 192.3 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0353 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 126.85 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 26.98 % 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 Feenstra et al. – Penn World Table (2025) – with major processing by 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 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.