Total factor productivity in Spain
Spain: Total factor productivity was 1.04 in 2023. ▲ Rising
Latest (2023)
1.04
Change on year
up 1.0%
World rank
19th
of 120 countries
All-time high
1.17
in 1989
All-time low
0.5041
in 1954
Years of data
70
1954–2023
Total factor productivity in Spain, 1954–2023
Source: Our World in Data.
Analysis
Spain recorded 1.04 for total factor productivity in 2023.
The figure is up 1.0% on the previous year and up 0.6% over ten years.
Over the whole period, total factor productivity in Spain peaked at 1.17 in 1989 and was at its lowest, 0.5041, in 1954.
That places Spain 19th out of 120 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 70 years of available data.
Total factor productivity in Spain, year by year
| Year | Value | Change |
|---|---|---|
| 1954 | 0.5041 | — |
| 1955 | 0.5216 | +3.5% |
| 1956 | 0.5439 | +4.3% |
| 1957 | 0.5495 | +1.0% |
| 1958 | 0.5531 | +0.7% |
| 1959 | 0.5353 | -3.2% |
| 1960 | 0.5917 | +10.5% |
| 1961 | 0.6462 | +9.2% |
| 1962 | 0.6915 | +7.0% |
| 1963 | 0.7352 | +6.3% |
| 1964 | 0.759 | +3.2% |
| 1965 | 0.7829 | +3.1% |
| 1966 | 0.8073 | +3.1% |
| 1967 | 0.8089 | +0.2% |
| 1968 | 0.8419 | +4.1% |
| 1969 | 0.8885 | +5.5% |
| 1970 | 0.8882 | -0.0% |
| 1971 | 0.9009 | +1.4% |
| 1972 | 0.9389 | +4.2% |
| 1973 | 0.9666 | +2.9% |
| 1974 | 0.9809 | +1.5% |
| 1975 | 0.9676 | -1.4% |
| 1976 | 0.982 | +1.5% |
| 1977 | 0.996 | +1.4% |
| 1978 | 1.02 | +2.4% |
| 1979 | 1.03 | +1.4% |
| 1980 | 1.06 | +2.5% |
| 1981 | 1.07 | +0.9% |
| 1982 | 1.08 | +0.9% |
| 1983 | 1.09 | +1.5% |
| 1984 | 1.13 | +3.3% |
| 1985 | 1.15 | +1.6% |
| 1986 | 1.15 | +0.2% |
| 1987 | 1.16 | +0.6% |
| 1988 | 1.16 | +0.6% |
| 1989 | 1.17 | +0.3% |
| 1990 | 1.15 | -1.2% |
| 1991 | 1.14 | -1.0% |
| 1992 | 1.14 | +0.2% |
| 1993 | 1.14 | -0.4% |
| 1994 | 1.15 | +1.1% |
| 1995 | 1.15 | -0.3% |
| 1996 | 1.15 | -0.3% |
| 1997 | 1.14 | -0.8% |
| 1998 | 1.13 | -1.0% |
| 1999 | 1.11 | -1.0% |
| 2000 | 1.11 | -0.1% |
| 2001 | 1.11 | -0.6% |
| 2002 | 1.1 | -0.5% |
| 2003 | 1.09 | -0.7% |
| 2004 | 1.08 | -0.7% |
| 2005 | 1.08 | -0.5% |
| 2006 | 1.08 | -0.4% |
| 2007 | 1.07 | -0.2% |
| 2008 | 1.06 | -1.5% |
| 2009 | 1.04 | -1.3% |
| 2010 | 1.05 | +0.4% |
| 2011 | 1.04 | -0.3% |
| 2012 | 1.04 | -0.8% |
| 2013 | 1.03 | -0.5% |
| 2014 | 1.03 | +0.0% |
| 2015 | 1.04 | +1.2% |
| 2016 | 1.05 | +0.4% |
| 2017 | 1.05 | +0.4% |
| 2018 | 1.05 | -0.3% |
| 2019 | 1.04 | -0.3% |
| 2020 | 0.9898 | -5.3% |
| 2021 | 1 | +1.0% |
| 2022 | 1.03 | +2.5% |
| 2023 | 1.04 | +1.0% |
Spain compared with similar countries
- Spain's 1.04 is above the median for high income countries, which is 0.994, 1.0× the median. (52 countries reporting)
- Spain's 1.04 is above the median for Europe & Central Asia, which is 0.9969, 1.0× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 0.5346 | 0.5041 | 0.5531 | 6 |
| 1960s | 0.7553 | 0.5917 | 0.8885 | 10 |
| 1970s | 0.9674 | 0.8882 | 1.03 | 10 |
| 1980s | 1.12 | 1.06 | 1.17 | 10 |
| 1990s | 1.14 | 1.11 | 1.15 | 10 |
| 2000s | 1.08 | 1.04 | 1.11 | 10 |
| 2010s | 1.04 | 1.03 | 1.05 | 10 |
| 2020s | 1.01 | 0.9898 | 1.04 | 4 |
Countries ranked near Spain
More economy & growth data for Spain
- Real gdp growth, annual growth rate -19.94 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.77 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.62 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -9.14 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 298.15 units per person (2025)
- SDRs holdings, SDR, annual growth rate -13.48 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0056 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 217.71 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.3 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in Spain?
- Total factor productivity in Spain was 1.04 in 2023, according to Our World in Data.
- What is the highest total factor productivity recorded in Spain?
- The highest recorded value was 1.17 in 1989.
- What is the lowest total factor productivity recorded in Spain?
- The lowest recorded value was 0.5041 in 1954.
- How does Spain rank for total factor productivity?
- Spain ranks 19th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Spain?
- Over the last ten years it is up 0.6%. The long-run trend across the full record is rising.
- Where does this Spain 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
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