What is total factor productivity in New Zealand?

Total factor productivity in New Zealand was 0.9678 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 New Zealand?

The highest recorded value was 1.06 in 1966.

What is the lowest total factor productivity recorded in New Zealand?

The lowest recorded value was 0.8593 in 1956.

How does New Zealand rank for total factor productivity?

New Zealand ranks 92nd out of 120 countries with data for 2023.

Is total factor productivity rising or falling in New Zealand?

Over the last ten years it is down 2.3%. The long-run trend across the full record is flat.

Where does this New Zealand 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.

Total factor productivity in New Zealand

Name: Total factor productivity in New Zealand
Creator: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data
License: CC BY 4.0 (Our World in Data)

New Zealand: Total factor productivity was 0.9678 in 2023. ▬ Flat

Latest (2023)

0.9678

Change on year

down 2.3%

World rank

92nd

of 120 countries

All-time high

1.06

in 1966

All-time low

0.8593

in 1956

Years of data

1954–2023

Total factor productivity in New Zealand, 1954–2023

Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.

Analysis

New Zealand recorded 0.9678 for total factor productivity in 2023.

Compared with earlier readings it is down 2.3% on the previous year and down 2.3% over ten years.

Over the whole period, total factor productivity in New Zealand peaked at 1.06 in 1966 and was at its lowest, 0.8593, in 1956.

New Zealand ranks 92nd of 120 countries on this measure, in the bottom quarter.

Averages by decade

Decade	Average	Lowest	Highest	Years
1950s	0.8711	0.8593	0.8829	6
1960s	1.02	0.9598	1.06	10
1970s	0.9922	0.9072	1.06	10
1980s	0.9405	0.9	0.977	10
1990s	0.9476	0.9204	0.98	10
2000s	0.9895	0.9696	1.01	10
2010s	0.9936	0.9847	1.01	10
2020s	0.9836	0.9678	1	4

Countries ranked near New Zealand

89 Zimbabwe 0.9731 compare
90 Guatemala 0.9724 compare
91 Thailand 0.9681 compare
93 Paraguay 0.967 compare
94 Argentina 0.9666 compare
95 Bahrain 0.9661 compare

See the full ranking of 120 places →

More economy & growth data for New Zealand

External balance on goods and services as a percent of GDP -1.3% (2024)
Inflation of consumer prices 2.8% (2025)
GDP per capita 41,336 constant 2015 US$ (2025)
Share of manufacturing in gross domestic product (GDP) 8.3% (2023)
Gross domestic product (GDP) 220.10 billion constant 2015 US$ (2025)
GDP per capita in international and market dollars 41,336 constant 2015 US$ (2025)
DEC alternative conversion factor 1.7 LCU per US$ (2025)
Net secondary income (Net current transfers from abroad) -1.25 billion current LCU (2024)
Net secondary income (Net current transfers from abroad) -754.10 million current US$ (2024)
Taxes less subsidies on products 34.74 billion current LCU (2023)

All data for New Zealand →

Frequently asked questions

What is total factor productivity in New Zealand?: Total factor productivity in New Zealand was 0.9678 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 New Zealand?: The highest recorded value was 1.06 in 1966.
What is the lowest total factor productivity recorded in New Zealand?: The lowest recorded value was 0.8593 in 1956.
How does New Zealand rank for total factor productivity?: New Zealand ranks 92nd out of 120 countries with data for 2023.
Is total factor productivity rising or falling in New Zealand?: Over the last ten years it is down 2.3%. The long-run trend across the full record is flat.
Where does this New Zealand 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

Indicator: Total factor productivity
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 120 places, 6,892 data points, 1954–2023
Last refreshed: 07 August 2026

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.