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.