HICP - Services in Austria
Austria: HICP - Services was 5.7 in 2024. ▲ Rising
Latest (2024)
5.7
Change on year
down 26.9%
World rank
8th
of 31 countries
All-time high
7.8
in 2023
All-time low
1.3
in 1999
Years of data
37
1988–2024
HICP - Services in Austria, 1988–2024
Source: European Central Bank.
Analysis
In 2024, hicp - services in Austria stood at 5.7.
That represents a change of down 26.9% on the previous year and up 111.1% over ten years.
Over the whole period, hicp - services in Austria peaked at 7.8 in 2023 and was at its lowest, 1.3, in 1999.
That places Austria 8th out of 31 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 37 years of available data.
HICP - Services in Austria, year by year
| Year | Value | Change |
|---|---|---|
| 1988 | 2.9 | — |
| 1989 | 3 | +3.4% |
| 1990 | 3 | +0.0% |
| 1991 | 3.8 | +26.7% |
| 1992 | 4.5 | +18.4% |
| 1993 | 5 | +11.1% |
| 1994 | 4.3 | -14.0% |
| 1995 | 3.5 | -18.6% |
| 1996 | 3.4 | -2.9% |
| 1997 | 2.2 | -35.3% |
| 1998 | 2 | -9.1% |
| 1999 | 1.3 | -35.0% |
| 2000 | 1.9 | +46.2% |
| 2001 | 3.2 | +68.4% |
| 2002 | 3 | -6.3% |
| 2003 | 1.8 | -40.0% |
| 2004 | 2.4 | +33.3% |
| 2005 | 2.4 | +0.0% |
| 2006 | 1.8 | -25.0% |
| 2007 | 1.9 | +5.6% |
| 2008 | 2 | +5.3% |
| 2009 | 1.8 | -10.0% |
| 2010 | 1.3 | -27.8% |
| 2011 | 3.1 | +138.5% |
| 2012 | 2.8 | -9.7% |
| 2013 | 3 | +7.1% |
| 2014 | 2.7 | -10.0% |
| 2015 | 2.5 | -7.4% |
| 2016 | 2.4 | -4.0% |
| 2017 | 2.7 | +12.5% |
| 2018 | 2.2 | -18.5% |
| 2019 | 2.2 | +0.0% |
| 2020 | 2.5 | +13.6% |
| 2021 | 2.5 | +0.0% |
| 2022 | 4.6 | +84.0% |
| 2023 | 7.8 | +69.6% |
| 2024 | 5.7 | -26.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.95 | 2.9 | 3 | 2 |
| 1990s | 3.3 | 1.3 | 5 | 10 |
| 2000s | 2.22 | 1.8 | 3.2 | 10 |
| 2010s | 2.49 | 1.3 | 3.1 | 10 |
| 2020s | 4.62 | 2.5 | 7.8 | 5 |
Countries ranked near Austria
More economy & growth data for Austria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.801 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 0.9157 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate 8.73 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2366 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 14,889 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 4.15 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 0.2094 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 13,176 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 2.02 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1658 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is hicp - services in Austria?
- Hicp - services in Austria was 5.7 in 2024, according to European Central Bank.
- What is the highest hicp - services recorded in Austria?
- The highest recorded value was 7.8 in 2023.
- What is the lowest hicp - services recorded in Austria?
- The lowest recorded value was 1.3 in 1999.
- How does Austria rank for hicp - services?
- Austria ranks 8th out of 31 countries with data for 2024.
- Is hicp - services rising or falling in Austria?
- Over the last ten years it is up 111.1%. The long-run trend across the full record is rising.
- Where does this Austria data come from?
- The figures come from European Central Bank, published as part of HICP - Services (Annual average rate of change, Eurostat). Statizoid updates them automatically from the source API.
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