Total factor productivity in New Zealand
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
70
1954–2023
Total factor productivity in New Zealand, 1954–2023
Source: 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.
Total factor productivity in New Zealand, year by year
| Year | Value | Change |
|---|---|---|
| 1954 | 0.8663 | — |
| 1955 | 0.8697 | +0.4% |
| 1956 | 0.8593 | -1.2% |
| 1957 | 0.8829 | +2.8% |
| 1958 | 0.8733 | -1.1% |
| 1959 | 0.8747 | +0.2% |
| 1960 | 0.9917 | +13.4% |
| 1961 | 1.01 | +2.3% |
| 1962 | 0.9982 | -1.6% |
| 1963 | 1.04 | +3.8% |
| 1964 | 1.04 | +0.8% |
| 1965 | 1.06 | +1.5% |
| 1966 | 1.06 | +0.4% |
| 1967 | 0.9756 | -8.2% |
| 1968 | 0.9598 | -1.6% |
| 1969 | 1.03 | +7.3% |
| 1970 | 1 | -2.5% |
| 1971 | 1 | -0.1% |
| 1972 | 1.02 | +1.9% |
| 1973 | 1.06 | +3.6% |
| 1974 | 1.06 | +0.2% |
| 1975 | 1 | -5.3% |
| 1976 | 0.9948 | -1.0% |
| 1977 | 0.9445 | -5.1% |
| 1978 | 0.9072 | -4.0% |
| 1979 | 0.922 | +1.6% |
| 1980 | 0.927 | +0.5% |
| 1981 | 0.9715 | +4.8% |
| 1982 | 0.9566 | -1.5% |
| 1983 | 0.955 | -0.2% |
| 1984 | 0.977 | +2.3% |
| 1985 | 0.9548 | -2.3% |
| 1986 | 0.9021 | -5.5% |
| 1987 | 0.9 | -0.2% |
| 1988 | 0.9254 | +2.8% |
| 1989 | 0.9359 | +1.1% |
| 1990 | 0.9256 | -1.1% |
| 1991 | 0.9214 | -0.4% |
| 1992 | 0.9204 | -0.1% |
| 1993 | 0.941 | +2.2% |
| 1994 | 0.9569 | +1.7% |
| 1995 | 0.9523 | -0.5% |
| 1996 | 0.9509 | -0.1% |
| 1997 | 0.964 | +1.4% |
| 1998 | 0.963 | -0.1% |
| 1999 | 0.98 | +1.8% |
| 2000 | 0.9768 | -0.3% |
| 2001 | 0.9854 | +0.9% |
| 2002 | 0.9981 | +1.3% |
| 2003 | 1.01 | +1.0% |
| 2004 | 0.9906 | -1.7% |
| 2005 | 0.9859 | -0.5% |
| 2006 | 0.9831 | -0.3% |
| 2007 | 0.998 | +1.5% |
| 2008 | 0.9696 | -2.9% |
| 2009 | 0.9988 | +3.0% |
| 2010 | 0.9909 | -0.8% |
| 2011 | 0.9956 | +0.5% |
| 2012 | 1.01 | +1.6% |
| 2013 | 0.9909 | -2.1% |
| 2014 | 0.9847 | -0.6% |
| 2015 | 0.9934 | +0.9% |
| 2016 | 0.9959 | +0.2% |
| 2017 | 0.9923 | -0.4% |
| 2018 | 0.996 | +0.4% |
| 2019 | 0.9849 | -1.1% |
| 2020 | 0.9758 | -0.9% |
| 2021 | 1 | +2.5% |
| 2022 | 0.9908 | -0.9% |
| 2023 | 0.9678 | -2.3% |
New Zealand compared with similar countries
- New Zealand's 0.9678 is below the median for high income countries, which is 0.994, 97% of the median. (52 countries reporting)
- New Zealand's 0.9678 is below the median for East Asia & Pacific, which is 0.9955, 97% of the median. (15 countries reporting)
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
More economy & growth data for New Zealand
- Real gdp growth, annual growth rate 161.32 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.71 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.37 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.11 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 552.02 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.8628 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0081 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 403.08 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.49 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in New Zealand?
- Total factor productivity in New Zealand was 0.9678 in 2023, according to 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 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).