Total factor productivity in Singapore
Singapore: Total factor productivity was 0.9914 in 2023. ▼ Falling
Latest (2023)
0.9914
Change on year
down 1.8%
World rank
63rd
of 120 countries
All-time high
1.21
in 1970
All-time low
0.8902
in 2001
Years of data
60
1964–2023
Total factor productivity in Singapore, 1964–2023
Source: 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
- Real gdp growth, annual growth rate -6.01 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.49 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0108 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,066 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.451 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0079 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 778.55 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 3.63 % 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 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 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).