Total factor productivity in Hong Kong
Hong Kong: Total factor productivity was 0.9789 in 2023. ▲ Rising
Latest (2023)
0.9789
Change on year
up 1.7%
World rank
83rd
of 120 countries
All-time high
1
in 2021
All-time low
0.6346
in 1968
Years of data
60
1964–2023
Total factor productivity in Hong Kong, 1964–2023
Source: Our World in Data.
Analysis
In 2023, total factor productivity in Hong Kong stood at 0.9789.
Compared with earlier readings it is up 1.7% on the previous year and up 3.4% over ten years.
Over the whole period, total factor productivity in Hong Kong peaked at 1 in 2021 and was at its lowest, 0.6346, in 1968.
That places Hong Kong 83rd out of 120 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 60 years of available data.
Total factor productivity in Hong Kong, year by year
| Year | Value | Change |
|---|---|---|
| 1964 | 0.6546 | — |
| 1965 | 0.6902 | +5.4% |
| 1966 | 0.6573 | -4.8% |
| 1967 | 0.6364 | -3.2% |
| 1968 | 0.6346 | -0.3% |
| 1969 | 0.6791 | +7.0% |
| 1970 | 0.7109 | +4.7% |
| 1971 | 0.7074 | -0.5% |
| 1972 | 0.7326 | +3.6% |
| 1973 | 0.7766 | +6.0% |
| 1974 | 0.7549 | -2.8% |
| 1975 | 0.7127 | -5.6% |
| 1976 | 0.7784 | +9.2% |
| 1977 | 0.7996 | +2.7% |
| 1978 | 0.7934 | -0.8% |
| 1979 | 0.8338 | +5.1% |
| 1980 | 0.8281 | -0.7% |
| 1981 | 0.8234 | -0.6% |
| 1982 | 0.8049 | -2.2% |
| 1983 | 0.8181 | +1.6% |
| 1984 | 0.8514 | +4.1% |
| 1985 | 0.8211 | -3.6% |
| 1986 | 0.8633 | +5.1% |
| 1987 | 0.9334 | +8.1% |
| 1988 | 0.9523 | +2.0% |
| 1989 | 0.9452 | -0.7% |
| 1990 | 0.9515 | +0.7% |
| 1991 | 0.9569 | +0.6% |
| 1992 | 0.9912 | +3.6% |
| 1993 | 0.9899 | -0.1% |
| 1994 | 0.9922 | +0.2% |
| 1995 | 0.9755 | -1.7% |
| 1996 | 0.9448 | -3.1% |
| 1997 | 0.942 | -0.3% |
| 1998 | 0.8574 | -9.0% |
| 1999 | 0.8532 | -0.5% |
| 2000 | 0.8752 | +2.6% |
| 2001 | 0.8396 | -4.1% |
| 2002 | 0.8301 | -1.1% |
| 2003 | 0.8365 | +0.8% |
| 2004 | 0.8704 | +4.1% |
| 2005 | 0.9 | +3.4% |
| 2006 | 0.9371 | +4.1% |
| 2007 | 0.9634 | +2.8% |
| 2008 | 0.9656 | +0.2% |
| 2009 | 0.9325 | -3.4% |
| 2010 | 0.9603 | +3.0% |
| 2011 | 0.9608 | +0.1% |
| 2012 | 0.9406 | -2.1% |
| 2013 | 0.9464 | +0.6% |
| 2014 | 0.9504 | +0.4% |
| 2015 | 0.9517 | +0.1% |
| 2016 | 0.9707 | +2.0% |
| 2017 | 0.9896 | +1.9% |
| 2018 | 0.9985 | +0.9% |
| 2019 | 0.9787 | -2.0% |
| 2020 | 0.9499 | -2.9% |
| 2021 | 1 | +5.3% |
| 2022 | 0.9622 | -3.8% |
| 2023 | 0.9789 | +1.7% |
Hong Kong compared with similar countries
- Hong Kong's 0.9789 is below the median for high income countries, which is 0.994, 98% of the median. (52 countries reporting)
- Hong Kong's 0.9789 is below the median for East Asia & Pacific, which is 0.9955, 98% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.6587 | 0.6346 | 0.6902 | 6 |
| 1970s | 0.76 | 0.7074 | 0.8338 | 10 |
| 1980s | 0.8641 | 0.8049 | 0.9523 | 10 |
| 1990s | 0.9455 | 0.8532 | 0.9922 | 10 |
| 2000s | 0.895 | 0.8301 | 0.9656 | 10 |
| 2010s | 0.9648 | 0.9406 | 0.9985 | 10 |
| 2020s | 0.9728 | 0.9499 | 1 | 4 |
Countries ranked near Hong Kong
More economy & growth data for Hong Kong
- Real gdp growth, annual growth rate 32.67 % change on previous year (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 80.54 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.1972 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 10,704 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 125.82 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 3.14 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.3081 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16,722 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 0.3594 % change on previous year (2023)
- Total reserves (includes gold, current US$), per unit of GDP 1.12 includes gold, current US$ per US$ of GDP (2023)
Frequently asked questions
- What is total factor productivity in Hong Kong?
- Total factor productivity in Hong Kong was 0.9789 in 2023, according to Our World in Data.
- What is the highest total factor productivity recorded in Hong Kong?
- The highest recorded value was 1 in 2021.
- What is the lowest total factor productivity recorded in Hong Kong?
- The lowest recorded value was 0.6346 in 1968.
- How does Hong Kong rank for total factor productivity?
- Hong Kong ranks 83rd out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Hong Kong?
- Over the last ten years it is up 3.4%. The long-run trend across the full record is rising.
- Where does this Hong Kong 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 — 60 observations, free to reuse under CC BY 4.0 (Our World in Data).