The statistical office announced today that Slovenia’s GDP grew by 8.1 percent in real terms last year, after falling by 4.2 percent after the outbreak of the Covid-19 epidemic and the partial closure of public life in 2020. According to seasonally adjusted data used for comparisons in the EU, economic activity also recovered by 8.1 percent.
According to the Statistical Office, 2021 was a year of recovery for the Slovenian economy after the corona shock in 2020. According to the first estimate, GDP increased by 8.1 percent in real terms and by 10.9 percent in nominal terms. At current prices, GDP reached 52.02 billion euros at the end of the year.
In the last quarter of last year, interim GDP was up 10.4 percent.
According to seasonally adjusted data, GDP grew by 5.4 percent in the last trimester on a quarterly level, and interim it grew 10.5 percent. Throughout 2021, growth was 8.1% even after this measurement.
Last year’s recovery thus exceeded all forecasts of domestic and international institutions. These were, at best, at around 7% growth in economic activity.
For this year, the forecasts range from 3.8 percent (European Commission) to 5.4 percent (Organisation for Economic Co-operation and Development). Recent forecasts have already been slightly lower, mainly due to the negative effects of rising prices and problems in supply chains.
But forecasts so far do not include Russia’s attack on Ukraine and the potential shock of developments in Eastern Europe for the European and global economy.
STA
