Slovenia’s gross domestic product expanded 5 percent year-on-year in the third quarter of 2021, easing from a 16.3 percent growth in the previous period, largely due to fading low-base effects from the pandemic shock last year. There was a slowdown in household consumption (9.3 percent vs 18.4 percent in Q2); public spending (1.6 percent vs 3.3 percent); gross fixed capital formation (9.6 percent vs 20.4 percent); and changes in inventories (3.2 percent vs 3.4 percent). Also, net trade contributed negatively to the GDP, as imports climbed 19.9 percent (vs 36.1 percent in Q2) while exports grew at a slower 10.6 percent (vs 30.5 percent). On a quarterly basis, the economy grew by 1.3 percent, slowing from an upwardly revised 2 percent expansion in the previous period. source: Statistical Office of the Republic of Slovenia

GDP Annual Growth Rate in Slovenia averaged 2.59 percent from 1996 until 2021, reaching an all time high of 16.30 percent in the second quarter of 2021 and a record low of -11 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 December of 2021.

GDP Annual Growth Rate in Slovenia is expected to be 4.10 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 4.80 percent in 2022 and 2.70 percent in 2023, according to our econometric models.

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Slovenia GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-31 08:30 AM Q2 16.3% 1.7% 12.8%
2021-11-30 09:30 AM Q3 5% 16.3% 3.5%
2022-02-28 09:30 AM Q4 5%


Related Last Previous Unit Reference
GDP Growth Rate 1.30 2.00 percent Sep/21
GDP Annual Growth Rate 5.00 16.30 percent Sep/21
GDP Constant Prices 11160.40 11003.50 EUR Million Sep/21
Gross National Product 46297.00 48007.00 EUR Million Dec/20
Gross Fixed Capital Formation 2164.70 2113.70 EUR Million Sep/21
GDP From Services 2299.90 2055.40 EUR Million Sep/21
GDP From Public Administration 1622.90 1624.90 EUR Million Sep/21
GDP From Manufacturing 2236.40 2431.80 EUR Million Sep/21
GDP From Construction 514.60 491.20 EUR Million Sep/21
GDP From Agriculture 212.80 220.40 EUR Million Sep/21

News Stream
Slovenia GDP Annual Growth Slows to 5% in Q3
Slovenia’s gross domestic product expanded 5 percent year-on-year in the third quarter of 2021, easing from a 16.3 percent growth in the previous period, largely due to fading low-base effects from the pandemic shock last year. There was a slowdown in household consumption (9.3 percent vs 18.4 percent in Q2); public spending (1.6 percent vs 3.3 percent); gross fixed capital formation (9.6 percent vs 20.4 percent); and changes in inventories (3.2 percent vs 3.4 percent). Also, net trade contributed negatively to the GDP, as imports climbed 19.9 percent (vs 36.1 percent in Q2) while exports grew at a slower 10.6 percent (vs 30.5 percent). On a quarterly basis, the economy grew by 1.3 percent, slowing from an upwardly revised 2 percent expansion in the previous period.
2021-11-30
Slovenia GDP Growth Strongest Since 1996
Slovenia’s gross domestic product expanded 16.3 percent year-on-year in the second quarter of 2021, following a downwardly revised 1.7 percent growth in the previous period. It was the fastest pace of expansion in economic output since at least 1996, boosted by consumer spending (18.8 percent vs -0.6 percent in Q1); fixed investment (19.2 percent vs 7.8 percent); and government expenditure (1.4 percent vs 0.5 percent). Meanwhile, net trade contributed negatively to the GDP, as exports climbed 30.2 percent (vs 1.4 percent) but imports surged at a faster 34.9 percent (vs 0.9 percent). On a quarterly basis, the economy grew by 1.9 percent, following a downwardly revised 1.5 percent expansion in the previous period.
2021-08-31
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 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. .