Slovenia’s 1Q24 economic growth reaches 2.1% y/y according to bne IntelliNews

Slovenia’s economy experienced growth of 2.1% annually in the fourth quarter of 2024, according to data released by the statistics office, SURS, on May 15. The country’s GDP remained stable in the same quarter as well.

During the first quarter of 2024, domestic expenditure increased by 1.7%, marking the highest rise in six quarters. Final consumption expenditure saw a 2.0% increase, slightly lower than the previous quarter. Fixed capital formation also improved with a 0.9% increase, ending a trend of declining growth in the previous four quarters, with positive contributions from inventory changes.

However, gross fixed capital formation experienced a notable slowdown, growing by only 0.6%. This was significantly lower than the growth rates observed in 2023, ranging between 7.7% and 11.2%. Household consumption expenditure witnessed a modest increase of just 0.9%.

In contrast to other sectors, external trade showed signs of improvement during the first quarter of Slovenia’s economy in

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