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. source: Statistical Office of the Republic of Slovenia

GDP Annual Growth Rate in Slovenia averaged 2.51 percent from 1996 until 2020, reaching an all time high of 8 percent in the first quarter of 2007 and a record low of -13 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 October of 2020.

GDP Annual Growth Rate in Slovenia is expected to be -6.20 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 16.80 in 12 months time. In the long-term, the Slovenia GDP Annual Growth Rate is projected to trend around 4.50 percent in 2021 and 2.70 percent in 2022, according to our econometric models.

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Slovenia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-13.00 -2.30 8.00 -13.00 1996 - 2020 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-29 09:30 AM Q3 2.3% 2.5% 2.3%
2020-02-28 09:30 AM Q4 1.7% 2.4% 2.1%
2020-05-29 08:30 AM Q1 -2.3% 1.7% -2.8%
2020-08-31 08:30 AM Q2 -13% -2.5% -15.5%
2020-11-30 09:30 AM Q3 -13% -6.2%


News Stream
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 Economy Contracts for 1st time in Over 6 Years
Slovenia’s economy shrank 2.3 percent year-on-year in the first quarter of 2020, after expanding 1.7 percent in the previous period. It was the first contraction since the third quarter of 2013, as the coronavirus pandemic began to hit the economy. Consumer spending shrank 6.4 percent, after increasing 1.2 percent in Q4 2019; and gross fixed capital formation dropped 6.3 percent, faster than a 4.5 percent fall. In contrast, government expenditure grew 5.8 percent, recovering from a 2 percent decline. Regarding net trade, exports went down 1.6 percent (vs 0.9 percent in Q4 2019) and imports decreased at a faster 2.5 percent (vs -0.8 percent in Q4 2019). On a seasonally adjusted quarterly basis, the economy shrank 4.5 percent, following a 0.4 percent growth in the prior period. That was the first contraction since the last quarter of 2012.
2020-05-29
Slovenia GDP Grows the Least Since 2013
Slovenia’s GDP expanded 1.7 percent year-on-year in the last quarter of 2019, easing from an upwardly revised 2.4 percent advance in the previous period. It was the weakest pace of expansion since the third quarter of 2013, dragged by a fall in government spending (-2.0 percent vs 3.4 percent in Q3) while consumer expenditure slowed (1.2 percent vs 3.2 percent). In addition, gross fixed capital formation dropped (-4.5 percent vs 2.2 percent). Regarding net trade, exports rose 0.9 percent (vs 5.3 percent in Q3) while imports fell 0.8 percent (vs 7.4 percent in Q3). On a seasonally adjusted quarterly basis, the economy expanded 0.4 percent, following a 0.8 percent growth in the previous quarter. For the whole 2019, the GDP advanced 2.4 percent, below 4.1 percent in the previous year.
2020-02-28
Slovenia GDP Grows the Least in 4 Years
Slovenia’s GDP expanded 2.3 percent year-on-year in the third quarter of 2019, easing from a 2.5 percent advance in the previous period. It was the weakest pace of expansion since Q3 2015. Gross fixed capital formation slowed (1.2 percent vs 6.9 percent in Q2) and net trade contributed negatively, as exports rose 4.5 percent (vs 5.0 percent) while imports jumped at a faster 6.7 percent (vs 4.9 percent). On the other hand, both household consumption (4.3 percent vs 3.8 percent) and government expenditure (1.8 percent vs 1.0 percent advanced faster. On a seasonally adjusted quarterly basis, the economy rebounded 0.8 percent, after showing no growth in Q2.
2019-11-29

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. .