According to the latest available data, Slovenia's GDP grew 2.5% in 2016.
At current prices, Slovenia's GDP totalled 43.3 billion euro ($52.9 billion) in 2017, up by a nominal 7.1% over 2016, the statistical office said in a statement.
As in 2016, external demand was the key driver of economic growth, as exports increased by 10.6%. Domestic demand had an increasingly significant role (up 4.0%), in the scope of which private consumption grew by 3.2%.
Construction had the largest contribution to GDP growth, having increased 11.4% on the year in 2017. Agriculture, forestry and fishing declined the most, by 9.2%.
According to seasonally adjusted data, Slovenia's GDP grew by 5.4% on the year in 2017.
In the fourth quarter alone, Slovenia's GDP expanded by 6.0% year-on-year, compared to a growth rate of 4.5% in the third quarter.
Seasonally-adjusted fourth quarter GDP increased by 2.0% over the previous quarter and by 6.2% over the same quarter of 2016.
GDP by expenditures, constant prices, growth rates (%):
2017 | Q4 | Q3 | |
Domestic expenditure | 4.1 | 4.5 | 2.9 |
Final consumption expenditure | 3.0 | 3.8 | 2.7 |
Gross capital formation | 8.4 | 7.7 | 3.8 |
External trade balance | 1.3 | 1.7 | 1.9 |
Exports of goods and services | 10.6 | 12.3 | 11.9 |
Gross domestic product | 5.0 | 6.0 | 4.5 |
($=0.818483 euro)