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. source: Statistical Office of the Republic of Slovenia
GDP Annual Growth Rate in Slovenia averaged 2.39 percent from 1996 until 2021, reaching an all time high of 8 percent in the first quarter of 2007 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 June of 2021.
GDP Annual Growth Rate in Slovenia is expected to be 12.80 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 7.50 in 12 months time. 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.