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: Feenstra et al. – Penn World Table (2025) – with major processing by 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
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 8.03 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.012 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 757.39 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 19.15 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -37.67 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0286 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,807 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.58 % 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 Feenstra et al. – Penn World Table (2025) – with major processing by 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 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
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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.