The Gross Domestic Product (GDP) in Slovenia expanded 16.30 percent in the second quarter of 2021 over the same quarter of the previous year. source: Statistical Office of the Republic of Slovenia

GDP Annual Growth Rate in Slovenia averaged 2.53 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 -12.90 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 2021.

GDP Annual Growth Rate in Slovenia is expected to be 3.50 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 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


Calendar GMT Actual Previous Consensus TEForecast
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 1.6% -4.5% -1.2%
2021-08-31 08:30 AM Q2 16.3% 1.7% 12.8%
2021-11-30 09:30 AM Q3 16.3% 3.5%


News Stream
Slovenia GDP Growth Strongest Since 1996
Slovenia’s gross domestic product expanded 16.3 percent year-on-year in the second quarter of 2021, following a downwardly revised 1.7 percent growth in the previous period. It was the fastest pace of expansion in economic output since at least 1996, boosted by consumer spending (18.8 percent vs -0.6 percent in Q1); fixed investment (19.2 percent vs 7.8 percent); and government expenditure (1.4 percent vs 0.5 percent). Meanwhile, net trade contributed negatively to the GDP, as exports climbed 30.2 percent (vs 1.4 percent) but imports surged at a faster 34.9 percent (vs 0.9 percent). On a quarterly basis, the economy grew by 1.9 percent, following a downwardly revised 1.5 percent expansion in the previous period.
2021-08-31
Slovenia Economy Rebounds in Q1
Slovenia’s gross domestic product advanced 1.6 percent year-on-year in the first quarter of 2021, rebounding from a 4.5 percent decline in the previous period. It was the first expansion in economic output since the fourth quarter of 2019, amid a recovery in consumer spending (0.4 percent vs -14.5 percent in 4Q 2020). Also, net trade continued to support GDP, as exports edged 0.8 percent higher (vs -0.4 percent) and imports went up a slower 0.5 percent (vs -2.0 percent). Meanwhile, fixed investment expanded at a slower pace (6.4 percent vs 8.2 percent) and government expenditure contracted for the first time since the second quarter of 2020 (-1.7 percent vs 2.8 percent). On a quarterly basis, the gross domestic product went up 1.4 percent, following a 0.6 percent decline in the previous period.
2021-05-31
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 Last Unit Reference Previous Highest Lowest
GDP Growth Rate 1.90 percent Jun/21 1.50 12.10 -9.50
GDP Annual Growth Rate 16.30 percent Jun/21 1.70 16.30 -11.00
GDP Constant Prices 11003.50 EUR Million Jun/21 10800.60 11003.50 5678.40
Gross National Product 46297.00 EUR Million Dec/20 48007.00 48007.00 9688.00
Gross Fixed Capital Formation 2088.80 EUR Million Jun/21 2128.60 2996.20 1180.10
GDP From Services 2056.10 EUR Million Jun/21 1878.40 2185.90 873.40
GDP From Public Administration 1627.30 EUR Million Jun/21 1609.50 1627.30 952.40
GDP From Manufacturing 2423.80 EUR Million Jun/21 2105.00 2423.80 851.50
GDP From Construction 491.20 EUR Million Jun/21 445.30 783.20 302.40
GDP From Agriculture 229.60 EUR Million Jun/21 189.60 241.10 125.50


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. .