Total factor productivity in Philippines
Philippines: Total factor productivity was 0.9738 in 2023. ▼ Falling
Total factor productivity in Philippines, 1954–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
Analysis
In 2023, total factor productivity in Philippines stood at 0.9738.
Compared with earlier readings it is up 0.7% on the previous year and down 4.7% over ten years.
Over the whole period, total factor productivity in Philippines peaked at 1.29 in 1957 and was at its lowest, 0.8683, in 1999.
That places Philippines 88th 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 1.27 | 1.24 | 1.29 | 6 |
| 1960s | 1.24 | 1.2 | 1.28 | 10 |
| 1970s | 1.24 | 1.21 | 1.28 | 10 |
| 1980s | 1.01 | 0.8759 | 1.21 | 10 |
| 1990s | 0.9001 | 0.8683 | 0.9603 | 10 |
| 2000s | 0.9294 | 0.8739 | 0.9788 | 10 |
| 2010s | 1.04 | 0.9747 | 1.08 | 10 |
| 2020s | 0.9973 | 0.9667 | 1.05 | 4 |
Countries ranked near Philippines
More economy & growth data for Philippines
- External balance on goods and services as a percent of GDP -13.7% (2025)
- Inflation of consumer prices 1.7% (2025)
- GDP per capita 4,066 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 15.3% (2025)
- Gross domestic product (GDP) 474.84 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 4,066 constant 2015 US$ (2025)
- DEC alternative conversion factor 57.51 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.79 trillion current LCU (2024)
- Net secondary income (Net current transfers from abroad) 31.17 billion current US$ (2024)
- Net primary income (Net income from abroad) 4.19 trillion current LCU (2025)
Frequently asked questions
- What is total factor productivity in Philippines?
- Total factor productivity in Philippines was 0.9738 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 Philippines?
- The highest recorded value was 1.29 in 1957.
- What is the lowest total factor productivity recorded in Philippines?
- The lowest recorded value was 0.8683 in 1999.
- How does Philippines rank for total factor productivity?
- Philippines ranks 88th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Philippines?
- Over the last ten years it is down 4.7%. The long-run trend across the full record is falling.
- Where does this Philippines 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.