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: Feenstra et al. – Penn World Table (2025) – with major processing by 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
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 11.29 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0062 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 85.55 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 43.09 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -5.25 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0235 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 326.53 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 10.41 % 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 Feenstra et al. – Penn World Table (2025) – with major processing by 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 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
CSV · JSON — 70 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.