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.
GDP Annual Growth Rate in Slovenia averaged 2.72 percent from 1996 until 2019, reaching an all time high of 8 percent in the first quarter of 2007 and a record low of -9.90 percent in the second quarter of 2009. 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 2020. source: Statistical Office of the Republic of Slovenia
GDP Annual Growth Rate in Slovenia is expected to be -15.50 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 1.20 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.