Slovenia’s gross domestic product advanced by 0.7% year-on-year in the first quarter of 2023, accelerating from a 0.2% growth in the previous three-month period. It was the ninth consecutive quarter of economic expansion, mainly boosted by the increase in gross fixed capital formation (6.5% vs 5.9% in Q4). At the same time, net external trade was positive for the first time in two years, and increased by 5.1 percentage points (highest in the last ten years), as exports rebounded (1.9% vs -2.5%), while imports dropped faster (-3.8% vs -1.5%). Meanwhile, there was a softer increase in household consumption (2.1% vs 2.6%), while government spending continued to fall (-1.9% vs -1%). On a seasonally adjusted quarterly basis, the economy grew 0.6%, edging down from a downwardly revised 0.7% rise in the previous three-month period. source: Statistical Office of the Republic of Slovenia

GDP Annual Growth Rate in Slovenia averaged 2.81 percent from 1996 until 2023, reaching an all time high of 16.20 percent in the second quarter of 2021 and a record low of -11.40 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 June of 2023.

GDP Annual Growth Rate in Slovenia is expected to be -0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Slovenia GDP Annual Growth Rate is projected to trend around 2.50 percent in 2024 and 2.80 percent in 2025, according to our econometric models.

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Slovenia GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-02-14 09:30 AM YoY Q4 0.2% 3.3% 4.1%
2023-05-31 08:30 AM YoY Q1 0.7% 0.2% 0.5%
2023-08-16 08:30 AM YoY Prel Q2 0.7% -0.1%


Related Last Previous Unit Reference
GDP Growth Rate 0.60 0.70 percent Mar 2023
GDP Annual Growth Rate 0.70 0.20 percent Mar 2023
GDP Constant Prices 11906.30 11838.50 EUR Million Mar 2023
Gross National Product 58989.00 52208.00 EUR Million Dec 2022
Gross Fixed Capital Formation 2477.20 2404.40 EUR Million Mar 2023
Full Year GDP Growth 5.40 8.35 percent Dec 2022
GDP from Services 2243.30 2381.40 EUR Million Mar 2023
GDP from Public Administration 1691.20 1708.30 EUR Million Mar 2023
GDP from Manufacturing 2190.40 2403.20 EUR Million Mar 2023
GDP from Construction 573.40 662.80 EUR Million Mar 2023
GDP from Agriculture 190.60 190.30 EUR Million Mar 2023

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. .
Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.20 16.20 -11.40 1996 - 2023 percent Quarterly
NSA

News Stream
Slovenia Economy Expands to 0.7% in Q1
Slovenia’s gross domestic product advanced by 0.7% year-on-year in the first quarter of 2023, accelerating from a 0.2% growth in the previous three-month period. It was the ninth consecutive quarter of economic expansion, mainly boosted by the increase in gross fixed capital formation (6.5% vs 5.9% in Q4). At the same time, net external trade was positive for the first time in two years, and increased by 5.1 percentage points (highest in the last ten years), as exports rebounded (1.9% vs -2.5%), while imports dropped faster (-3.8% vs -1.5%). Meanwhile, there was a softer increase in household consumption (2.1% vs 2.6%), while government spending continued to fall (-1.9% vs -1%). On a seasonally adjusted quarterly basis, the economy grew 0.6%, edging down from a downwardly revised 0.7% rise in the previous three-month period.
2023-05-31
Slovenia GDP Annual Growth Slows to 0.2% in Q4
Slovenia’s gross domestic product expanded 0.2 percent year-on-year in the fourth quarter of 2022, easing sharply from a 3.4 percent growth in the previous period. The continued economic slowdown was largely due to softer increases of household consumption (2.6 percent vs 3.3 percent in Q3) and gross fixed capital formation (5.9 percent vs 8.7 percent). Meanwhile, net trade fell by 0.9 percentage points as both exports and imports fell by 2.5 percent and 1.5 percent, respectively. On a seasonally adjusted quarterly basis, the economy grew by 0.8 percent, rebounding from an upwardly revised 1.4 percent fall in the previous period.
2023-02-14
Slovenia Q3 GDP Growth Confirmed at Over 1-1/2-Year Low
Slovenia’s gross domestic product expanded by 3.4% year-on-year in the third quarter of 2022, the least since first quarter of 2021 and sharply easing from 8.3% in the previous period. The economic slowdown was mainly influenced by softer increases of household consumption (2.6% vs 12.6% in Q2); and gross fixed capital formation (7.1% vs 7.3%). At the same time, public spending declined (-0.9% vs 0.7%). Meanwhile, net trade added 0.8 percentage points to the GDP, as exports rose 11% and imports advanced at a softer 10.7%. On a seasonally adjusted quarterly basis, the economy shrank by 1.4% in Q3, following a mild 0.2%growth in the previous quarter.
2022-11-30