Total factor productivity in Singapore
Singapore: Total factor productivity was 0.9914 in 2023. ▼ Falling
Total factor productivity in Singapore, 1964–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
Analysis
The most recent figure for total factor productivity in Singapore is 0.9914, measured in 2023.
Compared with earlier readings it is down 1.8% on the previous year and down 0.8% over ten years.
Over the whole period, total factor productivity in Singapore peaked at 1.21 in 1970 and was at its lowest, 0.8902, in 2001.
That places Singapore 63rd 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 60 years of available data.
Total factor productivity in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 1964 | 1.03 | — |
| 1965 | 1.04 | +1.1% |
| 1966 | 1.07 | +3.1% |
| 1967 | 1.12 | +4.1% |
| 1968 | 1.17 | +4.7% |
| 1969 | 1.2 | +2.8% |
| 1970 | 1.21 | +0.8% |
| 1971 | 1.17 | -3.6% |
| 1972 | 1.14 | -2.6% |
| 1973 | 1.14 | +0.4% |
| 1974 | 1.09 | -4.4% |
| 1975 | 1.06 | -3.2% |
| 1976 | 1.05 | -0.6% |
| 1977 | 1.06 | +0.9% |
| 1978 | 1.05 | -0.9% |
| 1979 | 1.06 | +0.7% |
| 1980 | 1.06 | +0.1% |
| 1981 | 1.04 | -1.9% |
| 1982 | 0.9921 | -4.4% |
| 1983 | 0.9883 | -0.4% |
| 1984 | 0.9897 | +0.1% |
| 1985 | 0.9483 | -4.2% |
| 1986 | 0.9274 | -2.2% |
| 1987 | 0.9672 | +4.3% |
| 1988 | 1.01 | +4.4% |
| 1989 | 1.03 | +1.7% |
| 1990 | 1.03 | -0.1% |
| 1991 | 1.01 | -1.2% |
| 1992 | 1.01 | -0.7% |
| 1993 | 1.05 | +4.5% |
| 1994 | 1.08 | +3.0% |
| 1995 | 1.07 | -0.7% |
| 1996 | 1.05 | -2.4% |
| 1997 | 1.02 | -2.4% |
| 1998 | 0.9331 | -8.9% |
| 1999 | 0.9259 | -0.8% |
| 2000 | 0.9327 | +0.7% |
| 2001 | 0.8902 | -4.6% |
| 2002 | 0.896 | +0.7% |
| 2003 | 0.9223 | +2.9% |
| 2004 | 0.9825 | +6.5% |
| 2005 | 1.01 | +2.7% |
| 2006 | 1.03 | +1.7% |
| 2007 | 1.03 | +0.5% |
| 2008 | 0.9791 | -5.0% |
| 2009 | 0.9399 | -4.0% |
| 2010 | 1 | +6.5% |
| 2011 | 1.02 | +1.5% |
| 2012 | 1.01 | -0.9% |
| 2013 | 0.9998 | -0.7% |
| 2014 | 0.9947 | -0.5% |
| 2015 | 0.9908 | -0.4% |
| 2016 | 0.9967 | +0.6% |
| 2017 | 1.01 | +1.8% |
| 2018 | 1.02 | +0.5% |
| 2019 | 0.9984 | -2.1% |
| 2020 | 0.9676 | -3.1% |
| 2021 | 1 | +3.4% |
| 2022 | 1.01 | +1.0% |
| 2023 | 0.9914 | -1.8% |
Singapore compared with similar countries
- Singapore's 0.9914 is below the median for high income countries, which is 0.994, 100% of the median. (52 countries reporting)
- Singapore's 0.9914 is below the median for East Asia & Pacific, which is 0.9955, 100% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.11 | 1.03 | 1.2 | 6 |
| 1970s | 1.1 | 1.05 | 1.21 | 10 |
| 1980s | 0.9946 | 0.9274 | 1.06 | 10 |
| 1990s | 1.02 | 0.9259 | 1.08 | 10 |
| 2000s | 0.9607 | 0.8902 | 1.03 | 10 |
| 2010s | 1 | 0.9908 | 1.02 | 10 |
| 2020s | 0.9921 | 0.9676 | 1.01 | 4 |
Countries ranked near Singapore
More economy & growth data for Singapore
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 94.20 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.156 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 15,415 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 159.09 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 17.78 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.2634 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 26,032 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 12.55 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in Singapore?
- Total factor productivity in Singapore was 0.9914 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 Singapore?
- The highest recorded value was 1.21 in 1970.
- What is the lowest total factor productivity recorded in Singapore?
- The lowest recorded value was 0.8902 in 2001.
- How does Singapore rank for total factor productivity?
- Singapore ranks 63rd out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Singapore?
- Over the last ten years it is down 0.8%. The long-run trend across the full record is falling.
- Where does this Singapore 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 — 60 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.