Slovenia’s gross domestic product advanced by 1.4% year-on-year in the third quarter of 2024, accelerating from a 0.7% growth in the previous quarter. This marked the seventh straight quarter of economic expansion, prompted by a rebound in net external trade, as exports (8.4% vs -0.3% in Q2) rose more than imports (6.5% vs 4.7%). Meanwhile, fixed investments declined further (-8.2% vs -1.5%), while government spending (9.1% vs 12.6%) and household consumption (1.9% vs. 2%) grew at a slower rate. On a seasonally adjusted quarterly basis, the economy increased by 0.3%, following a downwardly revised 0.1% gain in the preceding period. source: Statistical Office of the Republic of Slovenia

The Gross Domestic Product (GDP) in Slovenia expanded 1.40 percent in the third quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Slovenia averaged 2.64 percent from 1996 until 2024, reaching an all time high of 15.70 percent in the second quarter of 2021 and a record low of -11.30 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 January of 2025.

The Gross Domestic Product (GDP) in Slovenia expanded 1.40 percent in the third quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Slovenia is expected to be 1.40 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 2.20 percent in 2025 and 2.50 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-08-14 08:30 AM YoY Q2 0.7% 2.1% 2.0%
2024-11-14 09:30 AM YoY Q3 1.4% 0.7% 2.5%
2025-02-14 09:30 AM YoY Q4 1.4% 1.4%


Related Last Previous Unit Reference
Full Year GDP Growth 1.58 2.53 percent Dec 2023
GDP Growth Rate YoY 1.40 0.70 percent Sep 2024
GDP Constant Prices 11932.70 11942.60 EUR Million Sep 2024
GDP from Agriculture 159.00 167.10 EUR Million Sep 2024
GDP from Construction 619.40 640.10 EUR Million Sep 2024
GDP from Manufacturing 2412.80 2427.20 EUR Million Sep 2024
GDP from Public Administration 1698.20 1697.00 EUR Million Sep 2024
GDP from Services 2155.70 2324.90 EUR Million Sep 2024
GDP Growth Rate 0.30 0.20 percent Sep 2024
Gross Fixed Capital Formation 2255.40 2347.90 EUR Million Sep 2024
Gross National Product 63090.00 57038.00 EUR Million Dec 2023

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
1.40 0.70 15.70 -11.30 1996 - 2024 percent Quarterly
NSA


News Stream
Slovenia Economy Expands to 1.4% in Q3
Slovenia’s gross domestic product advanced by 1.4% year-on-year in the third quarter of 2024, accelerating from a 0.7% growth in the previous quarter. This marked the seventh straight quarter of economic expansion, prompted by a rebound in net external trade, as exports (8.4% vs -0.3% in Q2) rose more than imports (6.5% vs 4.7%). Meanwhile, fixed investments declined further (-8.2% vs -1.5%), while government spending (9.1% vs 12.6%) and household consumption (1.9% vs. 2%) grew at a slower rate. On a seasonally adjusted quarterly basis, the economy increased by 0.3%, following a downwardly revised 0.1% gain in the preceding period.
2024-11-14
Slovenia GDP Growth Softest in Over a Year
Slovenia's gross domestic product rose by 0.7% year-on-year in the second quarter of 2024, slowing significantly from the 2.1% growth in the previous quarter. This marks the softest economic expansion in the current six-month sequence, due to a slowdown in household consumption (1.1% vs. 1.9% in Q1) and a decline in fixed investments (-1.6% vs. 1.4%). Additionally, net trade contributed negatively to GDP, as exports fell by 0.8% (vs. -0.8%) while imports increased by 4.4% (vs. 0.5%). Meanwhile, growth in government spending accelerated to 12.3%, up from 7% in the prior quarter. On a seasonally adjusted quarterly basis, the economy grew by 0.2%, following a revised 0.1% decline in the preceding period.
2024-08-14
Slovenia GDP Annual Growth Slows to 2.1% in Q1
Slovenia's gross domestic product rose 2.1% year-on-year in the first quarter of 2024, the fifth consecutive quarter of economic growth, albeit slowing from a 2.2% gain in the previous three-month period. Gross fixed capital formation sharply slowed (0.6% vs 9.1% in Q4), as well as the household consumptions (0.9% vs 1.2%). Meanwhile, government spending continued to grow (5.1% vs 4.8%). Net external trade maintained its growth (0.2%), with exports (-0.6%) falling less than imports (-0.9%). On a seasonally adjusted quarterly basis, the economy stalled in Q1 of 2024, following a 1.1% growth in the preceding quarter.
2024-05-15