The European Services Producer Price Index (SPPI) in the B2B sector for 2023 shows Romania leading with 13.78 thousand compared to the 2015 baseline, followed by Lithuania at 12.83 thousand, Greece at 10.88 thousand, Spain at 10.39 thousand, and Cyprus at 10.23 thousand. Year-on-year variations from 2022 indicate Romania grew by 4.5%, Lithuania by 4.96%, Greece by 1.09%, Spain by 1.24%, and Cyprus by 0.23%. Over the past five years, these countries have experienced varied growth, outlined by specific compound annual growth rates, highlighting distinct economic performances.
Future trends to watch:
- Potential economic recuperation post any downturns can escalate SPPI growth.
- Technological advancements and digitalization in services may drive prices up.
- Economic policies within the EU may affect SPPI differentially across countries.
Top countries in Services Producer Price Index in B2B by Country
| # | 5 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 137.8 | 2022 | +4.87% | +4.5% | View data |
| 2 | 2 Lithuania | 128.3 | 2022 | +22.89% | +4.96% | View data |
| 3 | 3 Greece | 108.8 | 2022 | +3.03% | +1.09% | View data |
| 4 | 4 Spain | 103.9 | 2022 | +4.21% | +1.24% | View data |
| 5 | 5 Cyprus | 102.3 | 2022 | -0.97% | +0.23% | View data |
