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. GDP Annual Growth Rate in Slovenia averaged 2.76 percent from 1996 until 2019, reaching an all time high of 7.80 percent in the first quarter of 2007 and a record low of -9.80 percent in the second quarter of 2009.
GDP Annual Growth Rate in Slovenia is expected to be 3.20 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 2.30 in 12 months time. In the long-term, the Slovenia GDP Annual Growth Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.