In Slovenia, the gross domestic product (GDP) saw a notable increase in the second quarter, surpassing the average growth of eurozone countries. According to Eurostat, Slovenia’s GDP growth was 0.7%, compared to the eurozone’s average of 0.1%.
Annually, the euro area’s economic growth was recorded at 1.4% in the second quarter, while the European Union saw a growth rate of 1.5%. In contrast, Slovenia’s GDP volume rose by 0.8% during the same period, as reported by the Statistical Office of the Republic of Slovenia on Thursday.
Private consumption significantly contributed to this growth, showing a marked improvement over previous quarters. The Ministry of Finance anticipated better economic growth statistics for Slovenia for the second quarter. They expressed that the necessary conditions for growth had been established from the standpoint of state measures. Additionally, the reform of the public sector wage system was cited as a contributing factor to the acceleration of GDP. (August 14)
Leave a Reply