The Slovenian economy expanded 4.8 percent year-on-year in the third quarter of 2018, following an upwardly revised 4 percent growth in the previous three month period. It was the strongest pace of expansion since the last quarter of 2017, as gross capital formation rose sharply to 13.4 percent from 7.2 percent in the prior period, with fixed investment increasing 12 percent (vs 10.7 percent in Q2). On the other hand, household consumption showed no growth, compared to a 1.5 percent increase in Q2 and government expenditure slowed (2.5 percent from 4.9 percent). Meanwhile, net trade contributed positively to growth, as exports (5.7 percent from 9.1 percent) advanced faster than imports (4.3 percent from 9.2 percent). On a quarterly basis, gross domestic product grew 1.3 percent, more than an upwardly revised 0.9 percent gain in the second quarter. GDP Annual Growth Rate in Slovenia averaged 2.74 percent from 1996 until 2018, 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 3.80 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 4.50 in 12 months time. In the long-term, the Slovenia GDP Annual Growth Rate is projected to trend around 2.90 percent in 2020, according to our econometric models.