What is total factor productivity in Spain?

Total factor productivity in Spain was 1.04 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 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 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.

Total factor productivity in Spain

Name: Total factor productivity in Spain
Creator: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data
License: CC BY 4.0 (Our World in Data)

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

1954–2023

Total factor productivity in Spain, 1954–2023

Source: Feenstra et al. - Penn World Table (2025) – with major processing by 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.

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

16 Greece 1.04 compare
17 Ecuador 1.04 compare
18 Togo 1.04 compare
20 Bulgaria 1.04 compare
21 Costa Rica 1.03 compare
22 Portugal 1.03 compare

See the full ranking of 120 places →

More economy & growth data for Spain

External balance on goods and services as a percent of GDP 3.8% (2025)
Inflation of consumer prices 2.7% (2025)
GDP per capita 29,763 constant 2015 US$ (2025)
Share of manufacturing in gross domestic product (GDP) 10.6% (2025)
Gross domestic product (GDP) 1.47 trillion constant 2015 US$ (2025)
GDP per capita in international and market dollars 29,763 constant 2015 US$ (2025)
DEC alternative conversion factor 0.885 LCU per US$ (2025)
Net secondary income (Net current transfers from abroad) -11.68 billion current LCU (2024)
Net secondary income (Net current transfers from abroad) -12.64 billion current US$ (2024)
Taxes less subsidies on products 158.34 billion current LCU (2025)

All data for Spain →

Frequently asked questions

What is total factor productivity in Spain?: Total factor productivity in Spain was 1.04 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 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 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

Indicator: Total factor productivity
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 120 places, 6,892 data points, 1954–2023
Last refreshed: 07 August 2026

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.