HICP - Services in United Kingdom
United Kingdom: HICP - Services was 2.5 in 2019. ▼ Falling
Latest (2019)
2.5
Change on year
up 4.2%
World rank
29th
of 31 countries
All-time high
4.3
in 2002
All-time low
2.3
in 2015
Years of data
23
1997–2019
HICP - Services in United Kingdom, 1997–2019
Source: European Central Bank.
Analysis
United Kingdom recorded 2.5 for hicp - services in 2019.
Compared with earlier readings it is up 4.2% on the previous year and down 16.7% over ten years.
Over the whole period, hicp - services in United Kingdom peaked at 4.3 in 2002 and was at its lowest, 2.3, in 2015.
That places United Kingdom 29th out of 31 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 23 years of available data.
HICP - Services in United Kingdom, year by year
| Year | Value | Change |
|---|---|---|
| 1997 | 3.7 | — |
| 1998 | 3.8 | +2.7% |
| 1999 | 3.5 | -7.9% |
| 2000 | 3.3 | -5.7% |
| 2001 | 4 | +21.2% |
| 2002 | 4.3 | +7.5% |
| 2003 | 3.5 | -18.6% |
| 2004 | 3.2 | -8.6% |
| 2005 | 3.9 | +21.9% |
| 2006 | 3.5 | -10.3% |
| 2007 | 3.5 | +0.0% |
| 2008 | 3.8 | +8.6% |
| 2009 | 3 | -21.1% |
| 2010 | 3.3 | +10.0% |
| 2011 | 4 | +21.2% |
| 2012 | 3.2 | -20.0% |
| 2013 | 3.1 | -3.1% |
| 2014 | 2.4 | -22.6% |
| 2015 | 2.3 | -4.2% |
| 2016 | 2.3 | +0.0% |
| 2017 | 2.5 | +8.7% |
| 2018 | 2.4 | -4.0% |
| 2019 | 2.5 | +4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.67 | 3.5 | 3.8 | 3 |
| 2000s | 3.6 | 3 | 4.3 | 10 |
| 2010s | 2.8 | 2.3 | 4 | 10 |
Countries ranked near United Kingdom
More economy & growth data for United Kingdom
- Index of digital trade integration and openness 0.2724 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.0496 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0615 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.078 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0288 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0545 Index (2024)
- Digital Services Trade Restrictiveness Index — Infrastructure and 0 Index (2025)
- Digital Services Trade Restrictiveness Index — Other barriers 0 Index (2025)
- Digital Services Trade Restrictiveness Index 0.0212 Index (2025)
- Digital Services Trade Restrictiveness Index — Electronic transactions 0.0212 Index (2025)
Frequently asked questions
- What is hicp - services in United Kingdom?
- Hicp - services in United Kingdom was 2.5 in 2019, according to European Central Bank.
- What is the highest hicp - services recorded in United Kingdom?
- The highest recorded value was 4.3 in 2002.
- What is the lowest hicp - services recorded in United Kingdom?
- The lowest recorded value was 2.3 in 2015.
- How does United Kingdom rank for hicp - services?
- United Kingdom ranks 29th out of 31 countries with data for 2019.
- Is hicp - services rising or falling in United Kingdom?
- Over the last ten years it is down 16.7%. The long-run trend across the full record is falling.
- Where does this United Kingdom 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.
Download this data
CSV · JSON — 23 observations, free to reuse under ECB Terms and Conditions (attribution required).