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.

Total factor productivity in Sweden

Name: Total factor productivity in Sweden
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)

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

in 2021

All-time low

0.5768

in 1954

Years of data

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.

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

93 Paraguay 0.967 compare
94 Argentina 0.9666 compare
95 Bahrain 0.9661 compare
97 Finland 0.9657 compare
98 Cameroon 0.9652 compare
99 Cote d'Ivoire 0.9651 compare

See the full ranking of 120 places →

More economy & growth data for Sweden

External balance on goods and services as a percent of GDP 2.1% (2025)
Inflation of consumer prices 0.7% (2025)
GDP per capita 55,014 constant 2015 US$ (2025)
Share of manufacturing in gross domestic product (GDP) 12.5% (2025)
Gross domestic product (GDP) 582.97 billion constant 2015 US$ (2025)
GDP per capita in international and market dollars 55,014 constant 2015 US$ (2025)
DEC alternative conversion factor 9.82 LCU per US$ (2025)
Net secondary income (Net current transfers from abroad) -120.18 billion current LCU (2025)
Net secondary income (Net current transfers from abroad) -12.24 billion current US$ (2025)
Taxes less subsidies on products 685.66 billion current LCU (2025)

All data for Sweden →

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

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.