Slovenia’s GDP expanded 2.3 percent year-on-year in the third quarter of 2019, easing from a 2.5 percent advance in the previous period. It was the weakest pace of expansion since Q3 2015. Gross fixed capital formation slowed (1.2 percent vs 6.9 percent in Q2) and net trade contributed negatively, as exports rose 4.5 percent (vs 5.0 percent) while imports jumped at a faster 6.7 percent (vs 4.9 percent). On the other hand, both household consumption (4.3 percent vs 3.8 percent) and government expenditure (1.8 percent vs 1.0 percent advanced faster. On a seasonally adjusted quarterly basis, the economy rebounded 0.8 percent, after showing no growth in Q2. GDP Annual Growth Rate in Slovenia averaged 2.73 percent from 1996 until 2019, reaching an all time high of 8 percent in the first quarter of 2007 and a record low of -9.90 percent in the second quarter of 2009. source: Statistical Office of the Republic of Slovenia
GDP Annual Growth Rate in Slovenia is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Slovenia to stand at 2.80 in 12 months time. In the long-term, the Slovenia GDP Annual Growth Rate is projected to trend around 2.70 percent in 2020, according to our econometric models.