Slovenia’s gross domestic product expanded by 3.4% year-on-year in the third quarter of 2022, the least since first quarter of 2021 and sharply easing from 8.3% in the previous period. The economic slowdown was mainly influenced by softer increases of household consumption (2.6% vs 12.6% in Q2); and gross fixed capital formation (7.1% vs 7.3%). At the same time, public spending declined (-0.9% vs 0.7%). Meanwhile, net trade added 0.8 percentage points to the GDP, as exports rose 11% and imports advanced at a softer 10.7%. On a seasonally adjusted quarterly basis, the economy shrank by 1.4% in Q3, following a mild 0.2% growth in the previous quarter. source: Statistical Office of the Republic of Slovenia

GDP Annual Growth Rate in Slovenia averaged 2.84 percent from 1996 until 2022, reaching an all time high of 16.20 percent in the second quarter of 2021 and a record low of -11.40 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 2023.

GDP Annual Growth Rate in Slovenia is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Slovenia GDP Annual Growth Rate is projected to trend around 1.70 percent in 2024 and 2.10 percent in 2025, according to our econometric models.

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Slovenia GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-11-17 09:30 AM YoY 2nd Est Q3 3.4% 8.3% 3.4%
2022-11-30 09:30 AM YoY Final Q3 3.4% 8.3% 3.4%
2023-02-14 09:30 AM YoY Q4 3.4% 4.1%


Related Last Previous Unit Reference
GDP Growth Rate -1.40 0.20 percent Sep 2022
GDP Annual Growth Rate 3.40 8.30 percent Sep 2022
GDP Constant Prices 11669.50 11831.00 EUR Million Sep 2022
Gross National Product 52020.00 46297.00 EUR Million Dec 2021
Gross Fixed Capital Formation 2374.80 2313.60 EUR Million Sep 2022
Full Year GDP Growth 8.35 -4.33 percent Dec 2021
GDP from Services 2298.90 2423.20 EUR Million Sep 2022
GDP from Public Administration 1656.00 1663.50 EUR Million Sep 2022
GDP from Manufacturing 2320.40 2566.20 EUR Million Sep 2022
GDP from Construction 608.50 559.70 EUR Million Sep 2022
GDP from Agriculture 197.90 213.00 EUR Million Sep 2022

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. .
Actual Previous Highest Lowest Dates Unit Frequency
3.40 8.30 16.20 -11.40 1996 - 2022 percent Quarterly
NSA

News Stream
Slovenia Q3 GDP Growth Confirmed at Over 1-1/2-Year Low
Slovenia’s gross domestic product expanded by 3.4% year-on-year in the third quarter of 2022, the least since first quarter of 2021 and sharply easing from 8.3% in the previous period. The economic slowdown was mainly influenced by softer increases of household consumption (2.6% vs 12.6% in Q2); and gross fixed capital formation (7.1% vs 7.3%). At the same time, public spending declined (-0.9% vs 0.7%). Meanwhile, net trade added 0.8 percentage points to the GDP, as exports rose 11% and imports advanced at a softer 10.7%. On a seasonally adjusted quarterly basis, the economy shrank by 1.4% in Q3, following a mild 0.2%growth in the previous quarter.
2022-11-30
Slovenia GDP Annual Growth Slows to 3.4% in Q3
Slovenia’s gross domestic product expanded 3.4% year-on-year in the third quarter of 2022, the least since the first quarter of 2021, as surging consumer prices and higher borrowing costs hit demand and activity. The economic slowdown was mainly influenced by softer increases in household consumption (2.6% vs 12.6% in Q2) and gross fixed capital formation (7.1% vs 7.3%). At the same time, public spending declined 0.9% (vs 0.7 percent in Q2). On a brighter note, net trade has added 0.8 percentage points to the GDP, as exports rose 11.0 percent and imports advanced at a softer 10.7 percent. On a seasonally adjusted quarterly basis, the economy fell by 1.4 percent in Q3, following a 0.2 percent growth in Q2.
2022-11-17
Slovenia Economy Continues to Expand Solidly
Slovenia’s gross domestic product advanced by 9.8 percent year-on-year in the first quarter of 2022, following a 10.4 percent growth in the previous three-month period. It was the fifth consecutive quarter of economic expansion and at a robust pace, mainly boosted by household consumption (20 percent vs 22.9 percent in Q4) and fixed investment (12.7 percent vs 11 percent). Meanwhile, government spending slowed (2.9 percent vs 7 percent). However, net trade contributed negatively to the GDP, as imports (15.7 percent vs 16.8 percent in Q4) rose faster than exports (7.7 percent vs 12.1 percent in Q4). On a quarterly basis, the economy grew by 0.8 percent, the least in five quarters, after a downwardly revised 5.3 percent rise in the previous quarter.
2022-05-31