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Slovenia’s economy grew by 2.1% in the fourth quarter of 2024, according to data released by the statistics office, SURS, on May 15. The seasonally adjusted figures showed a year-on-year increase of 1.8%, with no change in GDP from the previous quarter.

In the first quarter of 2024, domestic expenditure saw a 1.7% rise, which was the highest in six quarters. Final consumption expenditure grew by 2%, slightly lower than the previous quarter. Fixed capital formation also rebounded with a 0.9% increase after several quarterly declines, thanks to positive changes in inventories.

However, there was a notable slowdown in gross fixed capital formation, with only a 0.6% increase compared to growth rates of 7.7% to 11.2% in 2023. The slowdown was particularly noticeable in investments in buildings and structures. Household consumption expenditure saw a modest 0.9% increase as well.

Slovenia experienced a decrease in external trade compared to the same period in 2023 during the first quarter of 2024. Imports fell by 0.9%, with goods imports dropping by only -1%, while services imports declined by -4.8%. Similarly, exports dropped by -6%, with a notable decrease of -7

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