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Dec 21, 2017 12:59 EEST
December 21 (SeeNews) - Slovenia had 140.7 billion euro ($167.2 billion) in non-financial assets at the end of 2016, or 3.5 times higher than its annual GDP, the national statistical office said on Thursday.
Non-financial assets include fixed assets and inventories, and are a measure of wealth presented in the form of national balance sheet.
Slovenia's non-financial assets increased 0.9% year-on-year in 2016, the statistical office said.
The net stock of fixed assets (i.e. taking into account the consumption of fixed capital or depreciation) of Slovenia's total economy amounted to 131.4 billion euro. Removing the effects of inflation, the stocks of fixed assets decreased by 0.8% in real terms in 2016, continuing the decline recorded since 2011.
The major part of the value of the fixed assets is represented by buildings and structures (82.5%), followed by machinery and equipment (13.8%), intellectual property products (3.3%) and cultivated biological resources (0.4%).
Looking at individual sectors, the value of fixed assets decreased in most areas, including in non-financial corporations, financial corporations, households and non-profit institutions.
An exception was the government sector, whose value of fixed assets increased in real terms by 0.7% in 2016. The growth slowed down compared to the previous period due to a notable drop in gross fixed capital formation of the government in 2016.
Slovenia's GDP totalled 40.4 billion euro in 2016.
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