Total factor productivity in Mexico
Mexico: Total factor productivity was 1 in 2023. ▼ Falling
Latest (2023)
1
Change on year
up 0.6%
World rank
46th
of 120 countries
All-time high
1.68
in 1973
All-time low
0.9771
in 2020
Years of data
70
1954–2023
Total factor productivity in Mexico, 1954–2023
Source: Our World in Data.
Analysis
The most recent figure for total factor productivity in Mexico is 1, measured in 2023.
Compared with earlier readings it is up 0.6% on the previous year and down 7.5% over ten years.
Over the whole period, total factor productivity in Mexico peaked at 1.68 in 1973 and was at its lowest, 0.9771, in 2020.
That places Mexico 46th out of 120 countries with data for 2023, putting it 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 Mexico, year by year
| Year | Value | Change |
|---|---|---|
| 1954 | 1.44 | — |
| 1955 | 1.49 | +3.1% |
| 1956 | 1.51 | +1.6% |
| 1957 | 1.54 | +1.9% |
| 1958 | 1.54 | -0.3% |
| 1959 | 1.5 | -2.2% |
| 1960 | 1.56 | +4.0% |
| 1961 | 1.53 | -2.3% |
| 1962 | 1.51 | -0.8% |
| 1963 | 1.57 | +3.9% |
| 1964 | 1.68 | +6.8% |
| 1965 | 1.66 | -1.2% |
| 1966 | 1.65 | -0.5% |
| 1967 | 1.64 | -0.7% |
| 1968 | 1.67 | +2.0% |
| 1969 | 1.64 | -1.7% |
| 1970 | 1.66 | +1.0% |
| 1971 | 1.63 | -1.8% |
| 1972 | 1.66 | +1.9% |
| 1973 | 1.68 | +1.3% |
| 1974 | 1.67 | -1.0% |
| 1975 | 1.64 | -1.8% |
| 1976 | 1.61 | -1.8% |
| 1977 | 1.58 | -1.7% |
| 1978 | 1.61 | +2.0% |
| 1979 | 1.63 | +1.3% |
| 1980 | 1.63 | +0.1% |
| 1981 | 1.65 | +1.0% |
| 1982 | 1.56 | -5.8% |
| 1983 | 1.46 | -6.2% |
| 1984 | 1.46 | -0.1% |
| 1985 | 1.43 | -1.6% |
| 1986 | 1.34 | -6.7% |
| 1987 | 1.32 | -1.2% |
| 1988 | 1.3 | -2.0% |
| 1989 | 1.29 | -0.4% |
| 1990 | 1.28 | -1.2% |
| 1991 | 1.27 | -0.1% |
| 1992 | 1.26 | -1.4% |
| 1993 | 1.25 | -0.3% |
| 1994 | 1.26 | +0.9% |
| 1995 | 1.19 | -5.9% |
| 1996 | 1.22 | +2.9% |
| 1997 | 1.27 | +3.5% |
| 1998 | 1.29 | +1.4% |
| 1999 | 1.25 | -2.6% |
| 2000 | 1.26 | +0.9% |
| 2001 | 1.23 | -2.9% |
| 2002 | 1.2 | -1.8% |
| 2003 | 1.19 | -1.5% |
| 2004 | 1.19 | -0.1% |
| 2005 | 1.18 | -0.5% |
| 2006 | 1.2 | +1.4% |
| 2007 | 1.19 | -0.8% |
| 2008 | 1.16 | -2.3% |
| 2009 | 1.07 | -7.9% |
| 2010 | 1.09 | +2.4% |
| 2011 | 1.1 | +0.3% |
| 2012 | 1.1 | +0.1% |
| 2013 | 1.08 | -1.5% |
| 2014 | 1.09 | +0.5% |
| 2015 | 1.08 | -0.4% |
| 2016 | 1.07 | -1.1% |
| 2017 | 1.07 | -0.5% |
| 2018 | 1.06 | -0.7% |
| 2019 | 1.03 | -2.5% |
| 2020 | 0.9771 | -5.3% |
| 2021 | 1 | +2.3% |
| 2022 | 0.995 | -0.5% |
| 2023 | 1 | +0.6% |
Mexico compared with similar countries
- Mexico's 1 is above the median for upper middle income countries, which is 0.9902, 1.0× the median. (33 countries reporting)
- Mexico's 1 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 |
|---|---|---|---|---|
| 1950s | 1.5 | 1.44 | 1.54 | 6 |
| 1960s | 1.61 | 1.51 | 1.68 | 10 |
| 1970s | 1.64 | 1.58 | 1.68 | 10 |
| 1980s | 1.44 | 1.29 | 1.65 | 10 |
| 1990s | 1.25 | 1.19 | 1.29 | 10 |
| 2000s | 1.19 | 1.07 | 1.26 | 10 |
| 2010s | 1.08 | 1.03 | 1.1 | 10 |
| 2020s | 0.9932 | 0.9771 | 1 | 4 |
Countries ranked near Mexico
More economy & growth data for Mexico
- Real gdp growth, annual growth rate -56.52 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.43 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.06 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.18 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.009 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 124.78 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.7963 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0066 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 91.11 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 1.94 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in Mexico?
- Total factor productivity in Mexico was 1 in 2023, according to Our World in Data.
- What is the highest total factor productivity recorded in Mexico?
- The highest recorded value was 1.68 in 1973.
- What is the lowest total factor productivity recorded in Mexico?
- The lowest recorded value was 0.9771 in 2020.
- How does Mexico rank for total factor productivity?
- Mexico ranks 46th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Mexico?
- Over the last ten years it is down 7.5%. The long-run trend across the full record is falling.
- Where does this Mexico 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 — 70 observations, free to reuse under CC BY 4.0 (Our World in Data).