Slovenia’s gross domestic product advanced 1.6 percent year-on-year in the first quarter of 2021, rebounding from a 4.5 percent decline in the previous period. It was the first expansion in economic output since the fourth quarter of 2019, amid a recovery in consumer spending (0.4 percent vs -14.5 percent in 4Q 2020). Also, net trade continued to support GDP, as exports edged 0.8 percent higher (vs -0.4 percent) and imports went up a slower 0.5 percent (vs -2.0 percent). Meanwhile, fixed investment expanded at a slower pace (6.4 percent vs 8.2 percent) and government expenditure contracted for the first time since the second quarter of 2020 (-1.7 percent vs 2.8 percent). On a quarterly basis, the gross domestic product went up 1.4 percent, following a 0.6 percent decline in the previous period. source: Statistical Office of the Republic of Slovenia

GDP Annual Growth Rate in Slovenia averaged 2.39 percent from 1996 until 2021, reaching an all time high of 8 percent in the first quarter of 2007 and a record low of -12.90 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 July of 2021.

GDP Annual Growth Rate in Slovenia is expected to be 12.80 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 7.50 in 12 months time. In the long-term, the Slovenia GDP Annual Growth Rate is projected to trend around 3.50 percent in 2022 and 2.70 percent in 2023, according to our econometric models.

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Slovenia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.60 -4.50 8.00 -12.90 1996 - 2021 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-31 08:30 AM Q2 -13% -2.5% -15.5%
2020-11-30 09:30 AM Q3 -2.6% -13% -6.2%
2021-02-26 09:30 AM Q4 -4.5% -2.4% -5.5%
2021-05-31 08:30 AM Q1 1.6% -4.5% -1.2%
2021-08-31 08:30 AM Q2 1.6% 12.8%
2021-11-30 09:30 AM Q3 3.5%


News Stream
Slovenia Economy Rebounds in Q1
Slovenia’s gross domestic product advanced 1.6 percent year-on-year in the first quarter of 2021, rebounding from a 4.5 percent decline in the previous period. It was the first expansion in economic output since the fourth quarter of 2019, amid a recovery in consumer spending (0.4 percent vs -14.5 percent in 4Q 2020). Also, net trade continued to support GDP, as exports edged 0.8 percent higher (vs -0.4 percent) and imports went up a slower 0.5 percent (vs -2.0 percent). Meanwhile, fixed investment expanded at a slower pace (6.4 percent vs 8.2 percent) and government expenditure contracted for the first time since the second quarter of 2020 (-1.7 percent vs 2.8 percent). On a quarterly basis, the gross domestic product went up 1.4 percent, following a 0.6 percent decline in the previous period.
2021-05-31
Slovenia Recession Deepens in Q4
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.
2021-02-26
Slovenia GDP Shrinks at Slower Pace in Q3
The Slovenian economy shrank 2.6 percent year-on-year in the third quarter of 2020, following a record 13 percent drop in the previous period due to the coronavirus crisis. Household consumption fell 6 percent, mainly due to fuels and services and gross capital formation shrank 19.6 percent, mainly inventories and machinery and equipment. Exports sank 9.5 percent and imports 13.1 percent. In contrast, government spending rose 1.4 percent. On a quarterly basis, the economy grew at a record 12.4 percent, following a record 9.8 percent contraction in the previous period.
2020-11-30
Slovenia Economy Enters Recession in Q2
Slovenia's economy shrank 13 percent year-on-year in the second quarter of 2020, after an upwardly revised 2.5 percent contraction in the previous period. The GDP fell for the second consecutive quarter and at the sharpest pace on record, mainly due to the negative impact of the country's coronavirus-induced lockdown. Consumer spending declined 16.6 percent, much faster than a 5.8 percent contraction in Q1 2020; and gross fixed capital formation slipped 16.7 percent, after decreasing 5.5 percent. Meanwhile, government expenditure rose 1.5 percent, slowing from a 4.9 percent increase in the previous period. Regarding net trade, exports plunged 24.5 percent (vs -1.9 percent in Q1) and imports slumped 25 percent (vs -1.9 percent in Q1). On a seasonally adjusted quarterly basis, the economy shrank at a record 9.6 percent, following an upwardly revised 4.8 percent contraction in the prior period.
2020-08-31

Slovenia GDP Annual Growth Rate
On the expenditure side, household expenditure is the main component of Slovenia's GDP and accounts for 53 percent of its total use, followed by gross fixed capital formation (20 percent) and government consumption (19 percent). Exports of goods and services account for 77 percent of GDP while imports account for 69 percent, adding 8 percent of total GDP. .