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. source: Statistical Office of the Republic of Slovenia
GDP Annual Growth Rate in Slovenia averaged 2.46 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 February of 2021.
GDP Annual Growth Rate in Slovenia is expected to be -4.50 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 5.10 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.