The Slovenian economy shrank 4.5 percent year-on-year in the fourth quarter of 2020, following a downwardly revised 2.4 percent decline in the previous period. The GDP fell for the fourth consecutive quarter as a surge in Covid-19 cases led to new restrictions in October. Consumer spending declined 14.5 percent, much faster than a 0.6 percent contraction in Q3 2020. Also, net trade contributed negatively to GDP, as exports decreased 0.4 percent (vs -9.5 percent in Q3) and imports slumped 2 percent (vs -12.5 percent in Q3). Meanwhile, government expenditure rose 2.8 percent, following a 1.3 percent increase in the previous period; and fixed investment grew 2 percent, recovering from a 0.8 percent decline in the third quarter. On a quarterly basis, the gross domestic product shrank 1 percent, following a downwardly revised 12.2 percent expansion in the previous quarter. In 2020, the country's economy plunged 5.5 percent compared to a 2.4 percent expansion a year ago. source: Statistical Office of the Republic of Slovenia

GDP Annual Growth Rate in Slovenia averaged 2.40 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 May of 2021.

GDP Annual Growth Rate in Slovenia is expected to be 12.80 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 7.50 in 12 months time. In the long-term, the Slovenia GDP Annual Growth Rate is projected to trend around 3.50 percent in 2022 and 2.70 percent in 2023, according to our econometric models.

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Slovenia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-4.50 -2.40 8.00 -12.90 1996 - 2020 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
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 -2.6% -13% -6.2%
2021-02-26 09:30 AM Q4 -4.5% -2.4% -5.5%
2021-05-31 08:30 AM Q1 -4.5% -1.2%
2021-08-31 08:30 AM Q2 12.8%
2021-11-30 09:30 AM Q3 3.5%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Slovenia Recession Deepens in Q4
The Slovenian economy shrank 4.5 percent year-on-year in the fourth quarter of 2020, following a downwardly revised 2.4 percent decline in the previous period. The GDP fell for the fourth consecutive quarter as a surge in Covid-19 cases led to new restrictions in October. Consumer spending declined 14.5 percent, much faster than a 0.6 percent contraction in Q3 2020. Also, net trade contributed negatively to GDP, as exports decreased 0.4 percent (vs -9.5 percent in Q3) and imports slumped 2 percent (vs -12.5 percent in Q3). Meanwhile, government expenditure rose 2.8 percent, following a 1.3 percent increase in the previous period; and fixed investment grew 2 percent, recovering from a 0.8 percent decline in the third quarter. On a quarterly basis, the gross domestic product shrank 1 percent, following a downwardly revised 12.2 percent expansion in the previous quarter. In 2020, the country's economy plunged 5.5 percent compared to a 2.4 percent expansion a year ago.
2021-02-26
Slovenia GDP Shrinks at Slower Pace in Q3
The Slovenian economy shrank 2.6 percent year-on-year in the third quarter of 2020, following a record 13 percent drop in the previous period due to the coronavirus crisis. Household consumption fell 6 percent, mainly due to fuels and services and gross capital formation shrank 19.6 percent, mainly inventories and machinery and equipment. Exports sank 9.5 percent and imports 13.1 percent. In contrast, government spending rose 1.4 percent. On a quarterly basis, the economy grew at a record 12.4 percent, following a record 9.8 percent contraction in the previous period.
2020-11-30
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 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. .