Lake Bled in Slovenia

Slovenia GDP Q2 2018

Slovenia: Economy loses traction in the second quarter

Detailed national accounts data released by the country’s Statistical Office showed that the economy lost ground in the second quarter, with annual GDP growth falling to 3.8% in the quarter, down from 4.5% in the first quarter. Domestic demand grew at a notably slower pace in Q2 as annual growth in both household consumption and fixed investment decelerated from the previous quarter.

Looking at the domestic side of the economy, private consumption growth weakened considerably from 3.3% in the first quarter to 1.1% in the second quarter. The ongoing boom in construction investment supported strong growth in fixed investment, although it moderated from 10.1% in Q1 to 8.3% in Q2. On the other hand, government spending picked up, expanding 5.3% in Q2 following a 1.2% climb in the previous quarter.

Conversely, the external sector contributed to growth, after dragging on the economy in the previous quarter. Exports jumped 9.3% in Q2 after an 8.7% increase in Q1. Meanwhile, import growth slowed to 8.3% in Q2, down from 10.5% in Q1. With exports outpacing imports, the external sector’s contribution to growth increased to 1.7 percentage points in the second quarter, contrasting a 0.4 percentage point deduction in the first quarter.

On a seasonally- and working-day-adjusted, quarter-on-quarter basis, the economy grew 0.8% in the second quarter, gaining traction from the 0.5% expansion in the first quarter (previously reported: +0.6% quarter-on-quarter). Meanwhile, in seasonally- and working-day adjusted annualized terms, GDP growth fell to 4.3% in Q2, down from a revised figure of 4.9% in Q1 (previously reported: +5.0% yoy).

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen