According to Slovenian statistical office (SURS), Slovenian GDP grew by 4.5% last year, slightly less than in 2017 (4.9%). GDP growth rate is in line or even higher with expectations by international as well as Slovenian economic institutions.
Institute of Macroeconomic Analysis and Development predicted in autumn that the Slovenia’s GDP would increase by 4.4%, the European Commission estimated it to grow by 4.3%, while the Bank of Slovenia predicted a 4.2% GDP growth rate.
Increase in foreign demand was one of the key contributing factors, although the exports slightly decreased compared to the year before (from 10.7% to 10.2%).
Domestic consumption increased by 4.6%, the highest since 2007. Inflation was slightly higher due to the increase in electricty prices.