Slovenia’s gross domestic product expanded 2.5 percent year-on-year in the second quarter of 2019, easing from an upwardly revised 3.3 percent advance in the previous period. It was the weakest growth rate since the three months to September of 2015. Both gross fixed capital formation (6.9 percent vs 10 percent in Q1) and government expenditure (1 percent vs 3.9 percent) slowed while net foreign demand contributed negatively to growth, as exports climbed 9.4 percent (vs 7.9 percent in Q1) but imports jumped at a faster 12.3 percent (vs 7.7 percent in Q1). On the other hand, household consumption advanced further (3.4 percent vs 2.3 percent). On a seasonally adjusted quarterly basis, the economy advanced 0.2 percent, below a downwardly revised 0.6 percent expansion in Q1. GDP Annual Growth Rate in Slovenia averaged 2.74 percent from 1996 until 2019, reaching an all time high of 7.80 percent in the first quarter of 2007 and a record low of -9.80 percent in the second quarter of 2009.
GDP Annual Growth Rate in Slovenia is expected to be 2.30 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 2.70 in 12 months time. In the long-term, the Slovenia GDP Annual Growth Rate is projected to trend around 2.70 percent in 2020, according to our econometric models.