Slovenia’s GDP expanded 2.3 percent year-on-year in the third quarter of 2019, easing from a 2.5 percent advance in the previous period. It was the weakest pace of expansion since Q3 2015. Gross fixed capital formation slowed (1.2 percent vs 6.9 percent in Q2) and net trade contributed negatively, as exports rose 4.5 percent (vs 5.0 percent) while imports jumped at a faster 6.7 percent (vs 4.9 percent). On the other hand, both household consumption (4.3 percent vs 3.8 percent) and government expenditure (1.8 percent vs 1.0 percent advanced faster. On a seasonally adjusted quarterly basis, the economy rebounded 0.8 percent, after showing no growth in Q2. GDP Annual Growth Rate in Slovenia averaged 2.73 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. source: Statistical Office of the Republic of Slovenia

GDP Annual Growth Rate in Slovenia is expected to be 2.10 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 2.80 in 12 months time. In the long-term, the Slovenia GDP Annual Growth Rate is projected to trend around 2.70 percent in 2020, according to our econometric models.

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Slovenia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.50 8.00 -9.90 1996 - 2019 percent Quarterly
NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-02-28 09:30 AM Q4 4.1% 5% 3.7%
2019-05-31 08:30 AM Q1 3.2% 4.1% 3.6%
2019-08-30 08:30 AM Q2 2.5% 3.3% 3.2%
2019-11-29 09:30 AM Q3 2.3% 2.5% 2.3%
2020-02-28 09:30 AM Q4 2.3% 2.1%


News Stream
2019-08-30
Slovenia Q2 GDP Growth Rate at Near 4-Year Low
Slovenia’s gross domestic product expanded 2.5 percent year-on-year in the second quarter of 2019, easing from an upwardly revised 3.3 percent advance in the previous period. It was the weakest growth rate since the three months to September of 2015. Both gross fixed capital formation (6.9 percent vs 10 percent in Q1) and government expenditure (1 percent vs 3.9 percent) slowed while net foreign demand contributed negatively to growth, as exports climbed 9.4 percent (vs 7.9 percent in Q1) but imports jumped at a faster 12.3 percent (vs 7.7 percent in Q1). On the other hand, household consumption advanced further (3.4 percent vs 2.3 percent). On a seasonally adjusted quarterly basis, the economy advanced 0.2 percent, below a downwardly revised 0.6 percent expansion in Q1.

2019-05-31
Slovenia Q1 GDP Growth Weakest in Over 2 Years
Slovenia’s gross domestic product advanced 3.2 percent year-on-year in the first quarter of 2019, easing from a 4.1 percent expansion in the previous period. It was the weakest growth rate since last quarter of 2016, as domestic expenditure slowed to the lowest level in the last three years (1.8 percent vs 3.7 percent in Q4) while the gross fixed capital formation fell (-1.3 percent vs 10.0 percent). On the other hand, both household (2.6 percent vs 2.1 percent) and government expenditure (3.6 percent vs 1.5 percent) advanced faster while net trade contributed positively to growth, as exports went up 7.6 percent (from 6.8 percent in Q4) and imports rose at a softer 6.4 percent (from 6.6 percent in Q4). On a quarterly basis, the economy expanded 0.8 percent, accelerating from a downwardly revised 0.7 percent rise in the fourth quarter of 2018.

2019-02-28
Slovenia GDP Growth Slows to 4.1% YoY in Q4
Slovenia’s gross domestic product advanced 4.1 percent year-on-year in the fourth quarter of 2018, following an upwardly revised 5 percent expansion in the previous period. Government expenditure (1.5 percent from 2.6 percent in Q3) and gross fixed capital formation (8.2 percent from 13.8 percent) slowed. On the other hand, household consumption (2.1 percent from 1.2 percent) advanced faster. Meanwhile, net trade contributed positively to growth, as exports climbed 6.8 percent (from 5.4 percent in Q3) while imports increased 6.6 percent (from 5.5 percent in Q3). On a quarterly basis, the economy expanded 0.8 percent, easing from a 1.3 percent gain in the third quarter. Considering 2018, GDP grew by 4.5 percent, below a 4.9 percent in 2017.


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. .

Slovenia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.00 4.20 -4.40 percent [+]
GDP Annual Growth Rate 2.30 2.50 8.00 -9.90 percent [+]
GDP 54.24 48.46 55.59 13.05 USD Billion [+]
GDP Constant Prices 10755.50 10673.10 10755.50 5629.20 EUR Million [+]
Gross National Product 45948.00 43000.00 45948.00 9688.00 EUR Million [+]
Gross Fixed Capital Formation 2042.50 2080.80 3001.00 1172.70 EUR Million [+]
GDP per capita 26758.90 25621.90 26758.90 13312.60 USD [+]
GDP per capita PPP 32742.51 31351.30 32742.51 16289.49 USD [+]
GDP From Agriculture 207.40 221.10 230.80 116.60 EUR Million [+]
GDP From Construction 487.50 486.30 782.10 300.70 EUR Million [+]
GDP From Manufacturing 2059.80 2218.50 2218.50 886.60 EUR Million [+]
GDP From Public Administration 1541.90 1540.10 1541.90 952.80 EUR Million [+]
GDP From Services 2152.30 2049.20 2152.30 829.80 EUR Million [+]