The Slovenian economy shrank 4.5 percent year-on-year in the fourth quarter of 2020, following a downwardly revised 2.4 percent decline in the previous period. The GDP fell for the fourth consecutive quarter as a surge in Covid-19 cases led to new restrictions in October. Consumer spending declined 14.5 percent, much faster than a 0.6 percent contraction in Q3 2020. Also, net trade contributed negatively to GDP, as exports decreased 0.4 percent (vs -9.5 percent in Q3) and imports slumped 2 percent (vs -12.5 percent in Q3). Meanwhile, government expenditure rose 2.8 percent, following a 1.3 percent increase in the previous period; and fixed investment grew 2 percent, recovering from a 0.8 percent decline in the third quarter. On a quarterly basis, the gross domestic product shrank 1 percent, following a downwardly revised 12.2 percent expansion in the previous quarter. In 2020, the country's economy plunged 5.5 percent compared to a 2.4 percent expansion a year ago. source: Statistical Office of the Republic of Slovenia
GDP Annual Growth Rate in Slovenia averaged 2.40 percent from 1996 until 2020, reaching an all time high of 8 percent in the first quarter of 2007 and a record low of -13 percent in the second quarter of 2020. This page provides - Slovenia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovenia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
GDP Annual Growth Rate in Slovenia is expected to be 1.20 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 4.50 in 12 months time. In the long-term, the Slovenia GDP Annual Growth Rate is projected to trend around 4.50 percent in 2022 and 2.70 percent in 2023, according to our econometric models.