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.