Total factor productivity in Sweden
Sweden: Total factor productivity was 0.966 in 2023. ▲ Rising
Latest (2023)
0.966
Change on year
down 1.8%
World rank
96th
of 120 countries
All-time high
1
in 2021
All-time low
0.5768
in 1954
Years of data
70
1954–2023
Total factor productivity in Sweden, 1954–2023
Source: Our World in Data.
Analysis
Sweden recorded 0.966 for total factor productivity in 2023.
That represents a change of down 1.8% on the previous year and up 1.2% over ten years.
Over the whole period, total factor productivity in Sweden peaked at 1 in 2021 and was at its lowest, 0.5768, in 1954.
That places Sweden 96th out of 120 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 70 years of available data.
Total factor productivity in Sweden, year by year
| Year | Value | Change |
|---|---|---|
| 1954 | 0.5768 | — |
| 1955 | 0.5812 | +0.8% |
| 1956 | 0.5873 | +1.1% |
| 1957 | 0.5883 | +0.2% |
| 1958 | 0.5941 | +1.0% |
| 1959 | 0.6128 | +3.1% |
| 1960 | 0.6097 | -0.5% |
| 1961 | 0.625 | +2.5% |
| 1962 | 0.6379 | +2.1% |
| 1963 | 0.6575 | +3.1% |
| 1964 | 0.6876 | +4.6% |
| 1965 | 0.6961 | +1.2% |
| 1966 | 0.6981 | +0.3% |
| 1967 | 0.7254 | +3.9% |
| 1968 | 0.74 | +2.0% |
| 1969 | 0.7637 | +3.2% |
| 1970 | 0.7823 | +2.4% |
| 1971 | 0.7855 | +0.4% |
| 1972 | 0.7991 | +1.7% |
| 1973 | 0.817 | +2.2% |
| 1974 | 0.822 | +0.6% |
| 1975 | 0.8246 | +0.3% |
| 1976 | 0.8115 | -1.6% |
| 1977 | 0.7955 | -2.0% |
| 1978 | 0.812 | +2.1% |
| 1979 | 0.8267 | +1.8% |
| 1980 | 0.8215 | -0.6% |
| 1981 | 0.8174 | -0.5% |
| 1982 | 0.8132 | -0.5% |
| 1983 | 0.8123 | -0.1% |
| 1984 | 0.8271 | +1.8% |
| 1985 | 0.8214 | -0.7% |
| 1986 | 0.8259 | +0.5% |
| 1987 | 0.8291 | +0.4% |
| 1988 | 0.8191 | -1.2% |
| 1989 | 0.8132 | -0.7% |
| 1990 | 0.7991 | -1.7% |
| 1991 | 0.7955 | -0.5% |
| 1992 | 0.8003 | +0.6% |
| 1993 | 0.7992 | -0.1% |
| 1994 | 0.82 | +2.6% |
| 1995 | 0.8371 | +2.1% |
| 1996 | 0.8428 | +0.7% |
| 1997 | 0.8642 | +2.5% |
| 1998 | 0.8787 | +1.7% |
| 1999 | 0.8864 | +0.9% |
| 2000 | 0.9057 | +2.2% |
| 2001 | 0.9008 | -0.5% |
| 2002 | 0.9186 | +2.0% |
| 2003 | 0.9328 | +1.5% |
| 2004 | 0.955 | +2.4% |
| 2005 | 0.9698 | +1.6% |
| 2006 | 0.9904 | +2.1% |
| 2007 | 0.988 | -0.2% |
| 2008 | 0.9572 | -3.1% |
| 2009 | 0.9271 | -3.1% |
| 2010 | 0.9572 | +3.3% |
| 2011 | 0.9642 | +0.7% |
| 2012 | 0.953 | -1.2% |
| 2013 | 0.9541 | +0.1% |
| 2014 | 0.9585 | +0.5% |
| 2015 | 0.9796 | +2.2% |
| 2016 | 0.9743 | -0.5% |
| 2017 | 0.9705 | -0.4% |
| 2018 | 0.9672 | -0.3% |
| 2019 | 0.9832 | +1.7% |
| 2020 | 0.9733 | -1.0% |
| 2021 | 1 | +2.7% |
| 2022 | 0.9839 | -1.6% |
| 2023 | 0.966 | -1.8% |
Sweden compared with similar countries
- Sweden's 0.966 is below the median for high income countries, which is 0.994, 97% of the median. (52 countries reporting)
- Sweden's 0.966 is below the median for Europe & Central Asia, which is 0.9969, 97% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 0.5901 | 0.5768 | 0.6128 | 6 |
| 1960s | 0.6841 | 0.6097 | 0.7637 | 10 |
| 1970s | 0.8076 | 0.7823 | 0.8267 | 10 |
| 1980s | 0.82 | 0.8123 | 0.8291 | 10 |
| 1990s | 0.8323 | 0.7955 | 0.8864 | 10 |
| 2000s | 0.9445 | 0.9008 | 0.9904 | 10 |
| 2010s | 0.9662 | 0.953 | 0.9832 | 10 |
| 2020s | 0.9808 | 0.966 | 1 | 4 |
Countries ranked near Sweden
More economy & growth data for Sweden
- Real gdp growth, annual growth rate 599.02 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.62 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 7.01 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0143 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 903.41 units per person (2025)
- SDRs holdings, SDR, annual growth rate 1.9 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0104 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 659.66 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.7 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in Sweden?
- Total factor productivity in Sweden was 0.966 in 2023, according to Our World in Data.
- What is the highest total factor productivity recorded in Sweden?
- The highest recorded value was 1 in 2021.
- What is the lowest total factor productivity recorded in Sweden?
- The lowest recorded value was 0.5768 in 1954.
- How does Sweden rank for total factor productivity?
- Sweden ranks 96th out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Sweden?
- Over the last ten years it is up 1.2%. The long-run trend across the full record is rising.
- Where does this Sweden 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).