Slovenia’s gross domestic product advanced 4.1 percent year-on-year in the fourth quarter of 2018, following an upwardly revised 5 percent expansion in the previous period. Government expenditure (1.5 percent from 2.6 percent in Q3) and gross fixed capital formation (8.2 percent from 13.8 percent) slowed. On the other hand, household consumption (2.1 percent from 1.2 percent) advanced faster. Meanwhile, net trade contributed positively to growth, as exports climbed 6.8 percent (from 5.4 percent in Q3) while imports increased at a slightly 6.6 percent (from 5.5 percent in Q3). On a quarterly basis, the economy expanded 0.8 percent, easing from a 1.3 percent gain in the third quarter. Considering 2018, GDP grew by 4.5 percent, below a 4.9 percent rise in 2017. GDP Annual Growth Rate in Slovenia averaged 2.75 percent from 1996 until 2018, reaching an all time high of 7.80 percent in the first quarter of 2007 and a record low of -9.80 percent in the second quarter of 2009.
GDP Annual Growth Rate in Slovenia is expected to be 3.20 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 2.30 in 12 months time. In the long-term, the Slovenia GDP Annual Growth Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.