Total factor productivity in Thailand
Thailand: Total factor productivity was 0.9681 in 2023. ▲ Rising
Total factor productivity in Thailand, 1954–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
Analysis
In 2023, total factor productivity in Thailand stood at 0.9681.
The figure is down 0.8% on the previous year and down 3.1% over ten years.
Over the whole period, total factor productivity in Thailand peaked at 1.07 in 2018 and was at its lowest, 0.6092, in 1955.
Thailand ranks 91st of 120 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 70 years of available data.
Total factor productivity in Thailand, year by year
| Year | Value | Change |
|---|---|---|
| 1954 | 0.6842 | — |
| 1955 | 0.6092 | -11.0% |
| 1956 | 0.6197 | +1.7% |
| 1957 | 0.6815 | +10.0% |
| 1958 | 0.671 | -1.5% |
| 1959 | 0.7066 | +5.3% |
| 1960 | 0.755 | +6.9% |
| 1961 | 0.7588 | +0.5% |
| 1962 | 0.7668 | +1.1% |
| 1963 | 0.7734 | +0.9% |
| 1964 | 0.7688 | -0.6% |
| 1965 | 0.7714 | +0.3% |
| 1966 | 0.7948 | +3.0% |
| 1967 | 0.7953 | +0.1% |
| 1968 | 0.7964 | +0.1% |
| 1969 | 0.7961 | -0.0% |
| 1970 | 1.01 | +27.0% |
| 1971 | 0.9782 | -3.3% |
| 1972 | 0.9649 | -1.4% |
| 1973 | 0.9657 | +0.1% |
| 1974 | 0.9428 | -2.4% |
| 1975 | 0.9408 | -0.2% |
| 1976 | 0.9707 | +3.2% |
| 1977 | 0.9911 | +2.1% |
| 1978 | 0.9915 | +0.0% |
| 1979 | 0.9705 | -2.1% |
| 1980 | 0.9269 | -4.5% |
| 1981 | 0.9252 | -0.2% |
| 1982 | 0.9576 | +3.5% |
| 1983 | 0.8761 | -8.5% |
| 1984 | 0.8545 | -2.5% |
| 1985 | 0.8554 | +0.1% |
| 1986 | 0.8526 | -0.3% |
| 1987 | 0.8712 | +2.2% |
| 1988 | 0.9028 | +3.6% |
| 1989 | 0.9175 | +1.6% |
| 1990 | 0.9415 | +2.6% |
| 1991 | 0.9247 | -1.8% |
| 1992 | 0.9199 | -0.5% |
| 1993 | 0.9317 | +1.3% |
| 1994 | 0.9427 | +1.2% |
| 1995 | 0.9337 | -1.0% |
| 1996 | 0.9264 | -0.8% |
| 1997 | 0.8646 | -6.7% |
| 1998 | 0.8088 | -6.5% |
| 1999 | 0.8392 | +3.8% |
| 2000 | 0.8563 | +2.0% |
| 2001 | 0.8766 | +2.4% |
| 2002 | 0.902 | +2.9% |
| 2003 | 0.9342 | +3.6% |
| 2004 | 0.9486 | +1.5% |
| 2005 | 0.9532 | +0.5% |
| 2006 | 0.9624 | +1.0% |
| 2007 | 0.9778 | +1.6% |
| 2008 | 0.957 | -2.1% |
| 2009 | 0.9274 | -3.1% |
| 2010 | 0.9717 | +4.8% |
| 2011 | 0.96 | -1.2% |
| 2012 | 0.9965 | +3.8% |
| 2013 | 0.9991 | +0.3% |
| 2014 | 0.9917 | -0.7% |
| 2015 | 1.01 | +1.4% |
| 2016 | 1.02 | +1.8% |
| 2017 | 1.05 | +2.5% |
| 2018 | 1.07 | +1.8% |
| 2019 | 1.07 | -0.3% |
| 2020 | 1.01 | -5.6% |
| 2021 | 1 | -0.6% |
| 2022 | 0.9758 | -2.4% |
| 2023 | 0.9681 | -0.8% |
Thailand compared with similar countries
- Thailand's 0.9681 is below the median for upper middle income countries, which is 0.9902, 98% of the median. (33 countries reporting)
- Thailand's 0.9681 is below the median for East Asia & Pacific, which is 0.9955, 97% of the median. (15 countries reporting)
Biggest year-on-year movements
Years where Total factor productivity in Thailand changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1970 | +27.0% | 0.7961 | 1.01 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 0.662 | 0.6092 | 0.7066 | 6 |
| 1960s | 0.7777 | 0.755 | 0.7964 | 10 |
| 1970s | 0.9728 | 0.9408 | 1.01 | 10 |
| 1980s | 0.894 | 0.8526 | 0.9576 | 10 |
| 1990s | 0.9033 | 0.8088 | 0.9427 | 10 |
| 2000s | 0.9296 | 0.8563 | 0.9778 | 10 |
| 2010s | 1.01 | 0.96 | 1.07 | 10 |
| 2020s | 0.9875 | 0.9681 | 1.01 | 4 |
Countries ranked near Thailand
More economy & growth data for Thailand
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.97 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.98 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 9.33 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0162 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 130.33 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 18.84 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 31.73 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0327 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 263.07 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 19.13 % change on previous year (2025)
Frequently asked questions
- What is total factor productivity in Thailand?
- Total factor productivity in Thailand was 0.9681 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 Thailand?
- The highest recorded value was 1.07 in 2018.
- What is the lowest total factor productivity recorded in Thailand?
- The lowest recorded value was 0.6092 in 1955.
- How does Thailand rank for total factor productivity?
- Thailand ranks 91st out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Thailand?
- Over the last ten years it is down 3.1%. The long-run trend across the full record is rising.
- Where does this Thailand 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
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.