Total factor productivity in Philippines
Philippines: Total factor productivity was 0.9738 in 2023. ▼ Falling
Latest (2023)
0.9738
Change on year
up 0.7%
World rank
88th
of 120 countries
All-time high
1.29
in 1957
All-time low
0.8683
in 1999
Years of data
70
1954–2023
Total factor productivity in Philippines, 1954–2023
Source: 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.
Total factor productivity in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 1954 | 1.24 | — |
| 1955 | 1.25 | +0.5% |
| 1956 | 1.28 | +2.5% |
| 1957 | 1.29 | +0.9% |
| 1958 | 1.27 | -1.7% |
| 1959 | 1.28 | +1.0% |
| 1960 | 1.28 | -0.2% |
| 1961 | 1.26 | -1.3% |
| 1962 | 1.25 | -0.8% |
| 1963 | 1.26 | +1.1% |
| 1964 | 1.22 | -3.2% |
| 1965 | 1.24 | +1.7% |
| 1966 | 1.21 | -2.5% |
| 1967 | 1.2 | -0.8% |
| 1968 | 1.22 | +1.2% |
| 1969 | 1.24 | +1.8% |
| 1970 | 1.25 | +0.9% |
| 1971 | 1.21 | -3.1% |
| 1972 | 1.24 | +2.3% |
| 1973 | 1.26 | +2.2% |
| 1974 | 1.25 | -1.4% |
| 1975 | 1.23 | -1.3% |
| 1976 | 1.28 | +4.1% |
| 1977 | 1.28 | -0.4% |
| 1978 | 1.22 | -4.2% |
| 1979 | 1.22 | -0.2% |
| 1980 | 1.21 | -0.6% |
| 1981 | 1.16 | -4.5% |
| 1982 | 1.15 | -1.0% |
| 1983 | 1.06 | -7.5% |
| 1984 | 0.9467 | -10.7% |
| 1985 | 0.8759 | -7.5% |
| 1986 | 0.8906 | +1.7% |
| 1987 | 0.9192 | +3.2% |
| 1988 | 0.9525 | +3.6% |
| 1989 | 0.9734 | +2.2% |
| 1990 | 0.9603 | -1.3% |
| 1991 | 0.926 | -3.6% |
| 1992 | 0.8965 | -3.2% |
| 1993 | 0.8864 | -1.1% |
| 1994 | 0.8858 | -0.1% |
| 1995 | 0.8917 | +0.7% |
| 1996 | 0.9097 | +2.0% |
| 1997 | 0.9027 | -0.8% |
| 1998 | 0.8736 | -3.2% |
| 1999 | 0.8683 | -0.6% |
| 2000 | 0.8739 | +0.6% |
| 2001 | 0.891 | +2.0% |
| 2002 | 0.8933 | +0.3% |
| 2003 | 0.9021 | +1.0% |
| 2004 | 0.9225 | +2.3% |
| 2005 | 0.9387 | +1.8% |
| 2006 | 0.9592 | +2.2% |
| 2007 | 0.9742 | +1.6% |
| 2008 | 0.9788 | +0.5% |
| 2009 | 0.9604 | -1.9% |
| 2010 | 0.9747 | +1.5% |
| 2011 | 0.9774 | +0.3% |
| 2012 | 1 | +2.6% |
| 2013 | 1.02 | +1.8% |
| 2014 | 1.05 | +3.0% |
| 2015 | 1.07 | +1.6% |
| 2016 | 1.05 | -2.1% |
| 2017 | 1.08 | +3.1% |
| 2018 | 1.07 | -0.8% |
| 2019 | 1.07 | -0.1% |
| 2020 | 1.05 | -1.9% |
| 2021 | 1 | -4.6% |
| 2022 | 0.9667 | -3.3% |
| 2023 | 0.9738 | +0.7% |
Philippines compared with similar countries
- Philippines's 0.9738 is below the median for upper middle income countries, which is 0.9902, 98% of the median. (33 countries reporting)
- Philippines's 0.9738 is below the median for East Asia & Pacific, which is 0.9955, 98% of the median. (15 countries reporting)
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
- Real gdp growth, annual growth rate -22.65 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.98 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.4 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.64 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0081 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 33.76 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5964 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0059 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 24.65 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.11 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in Philippines?
- Total factor productivity in Philippines was 0.9738 in 2023, according to 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 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).