Total factor productivity in Norway
Norway: Total factor productivity was 0.981 in 2023. ▲ Rising
Latest (2023)
0.981
Change on year
down 1.8%
World rank
78th
of 120 countries
All-time high
1.16
in 2004
All-time low
0.5698
in 1954
Years of data
70
1954–2023
Total factor productivity in Norway, 1954–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
Analysis
Norway recorded 0.981 for total factor productivity in 2023.
Compared with earlier readings it is down 1.8% on the previous year and down 4.5% over ten years.
Over the whole period, total factor productivity in Norway peaked at 1.16 in 2004 and was at its lowest, 0.5698, in 1954.
That places Norway 78th 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 70 years of available data.
Total factor productivity in Norway, year by year
| Year | Value | Change |
|---|---|---|
| 1954 | 0.5698 | — |
| 1955 | 0.5717 | +0.3% |
| 1956 | 0.5775 | +1.0% |
| 1957 | 0.5913 | +2.4% |
| 1958 | 0.5937 | +0.4% |
| 1959 | 0.605 | +1.9% |
| 1960 | 0.622 | +2.8% |
| 1961 | 0.6437 | +3.5% |
| 1962 | 0.6487 | +0.8% |
| 1963 | 0.6608 | +1.9% |
| 1964 | 0.6778 | +2.6% |
| 1965 | 0.7013 | +3.5% |
| 1966 | 0.7073 | +0.9% |
| 1967 | 0.7307 | +3.3% |
| 1968 | 0.74 | +1.3% |
| 1969 | 0.7695 | +4.0% |
| 1970 | 0.7656 | -0.5% |
| 1971 | 0.7848 | +2.5% |
| 1972 | 0.8098 | +3.2% |
| 1973 | 0.8242 | +1.8% |
| 1974 | 0.8324 | +1.0% |
| 1975 | 0.8434 | +1.3% |
| 1976 | 0.8628 | +2.3% |
| 1977 | 0.8686 | +0.7% |
| 1978 | 0.8818 | +1.5% |
| 1979 | 0.8992 | +2.0% |
| 1980 | 0.9065 | +0.8% |
| 1981 | 0.8949 | -1.3% |
| 1982 | 0.8799 | -1.7% |
| 1983 | 0.8978 | +2.0% |
| 1984 | 0.9276 | +3.3% |
| 1985 | 0.9455 | +1.9% |
| 1986 | 0.9454 | -0.0% |
| 1987 | 0.9411 | -0.5% |
| 1988 | 0.9245 | -1.8% |
| 1989 | 0.9385 | +1.5% |
| 1990 | 0.9565 | +1.9% |
| 1991 | 0.9858 | +3.1% |
| 1992 | 1.01 | +2.7% |
| 1993 | 1.03 | +1.7% |
| 1994 | 1.06 | +3.2% |
| 1995 | 1.09 | +2.3% |
| 1996 | 1.11 | +2.3% |
| 1997 | 1.13 | +1.4% |
| 1998 | 1.11 | -1.6% |
| 1999 | 1.1 | -0.6% |
| 2000 | 1.12 | +1.9% |
| 2001 | 1.14 | +1.1% |
| 2002 | 1.14 | +0.2% |
| 2003 | 1.15 | +0.8% |
| 2004 | 1.16 | +1.4% |
| 2005 | 1.16 | -0.1% |
| 2006 | 1.15 | -1.3% |
| 2007 | 1.13 | -1.9% |
| 2008 | 1.08 | -3.6% |
| 2009 | 1.05 | -2.9% |
| 2010 | 1.04 | -0.8% |
| 2011 | 1.03 | -1.2% |
| 2012 | 1.04 | +0.3% |
| 2013 | 1.03 | -0.8% |
| 2014 | 1.03 | -0.1% |
| 2015 | 1.03 | +0.3% |
| 2016 | 1.02 | -0.5% |
| 2017 | 1.03 | +0.8% |
| 2018 | 1.02 | -1.5% |
| 2019 | 1 | -1.4% |
| 2020 | 0.9877 | -1.5% |
| 2021 | 1 | +1.2% |
| 2022 | 0.9984 | -0.2% |
| 2023 | 0.981 | -1.8% |
Norway compared with similar countries
- Norway's 0.981 is below the median for high income countries, which is 0.994, 99% of the median. (52 countries reporting)
- Norway's 0.981 is below the median for Europe & Central Asia, which is 0.9969, 98% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 0.5848 | 0.5698 | 0.605 | 6 |
| 1960s | 0.6902 | 0.622 | 0.7695 | 10 |
| 1970s | 0.8373 | 0.7656 | 0.8992 | 10 |
| 1980s | 0.9202 | 0.8799 | 0.9455 | 10 |
| 1990s | 1.06 | 0.9565 | 1.13 | 10 |
| 2000s | 1.13 | 1.05 | 1.16 | 10 |
| 2010s | 1.03 | 1 | 1.04 | 10 |
| 2020s | 0.9918 | 0.981 | 1 | 4 |
Countries ranked near Norway
More economy & growth data for Norway
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.7416 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.42 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.11 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0021 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 198.35 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -7.82 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -164.45 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0147 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -1,394 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 5.24 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in Norway?
- Total factor productivity in Norway was 0.981 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 Norway?
- The highest recorded value was 1.16 in 2004.
- What is the lowest total factor productivity recorded in Norway?
- The lowest recorded value was 0.5698 in 1954.
- How does Norway rank for total factor productivity?
- Norway ranks 78th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Norway?
- Over the last ten years it is down 4.5%. The long-run trend across the full record is rising.
- Where does this Norway 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.