Gross domestic product, 2nd quarter 2022

GDP at the annual level up by 8.2%

Domestic and foreign demand had positive impact on economic growth in the second quarter of 2022. Household expenditure contributed most to domestic consumption, while foreign demand was strongly affected by trade in services.

  • 16 August 2022 at 10:30
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High growth of domestic expenditure for the fifth consecutive quarter

In the 2nd quarter of 2022, domestic consumption increased by 8%; household consumption expenditure went up by 10.6% and contributed the most. Gross fixed capital formation increased by 6.4%. The changes of inventories had a positive impact on GDP growth (1.1 percentage points).

External trade balance positive after four quarters

In the 2nd quarter of 2022, exports increased more than imports, mainly due to high increase of exports of services. Exports went up by 8.7% and imports by 8.5% over the same quarter of 2021. Export of services increased by 38.7% while imports of services went up by 22.4%. In contrary, the exports were lower than imports in terms of goods; similarly to the previous four quarters. The contribution of external trade balance to GDP growth was positive (0.6 of a percentage point).

Acceleration in service activity growth, slowing pace in other activities

Total value added increased by 8.7% over the 2nd quarter of 2021. Trade activity grew by 20.8% and contributed the most to the structure of total value added for the third consecutive quarter. Services continued to grow strong. On the other hand, growth in manufacturing was slowing its pace for the last five quarters, but it remained positive, at 2.7%.

Employment continued to grow

Total employment in the 2nd quarter was 1,080,000 persons. Compared to the same quarter of 2021, it increased by 3.4% or about 36,000 persons. Most new jobs were created in construction, manufacturing and professional, scientific and technical activities.

More detailed data will be available in the SiStat Database on 18 August 2022.


Gross domestic product, constant prices, growth rates (%), Slovenia
Non-seasonally adjusted
  Annual growth16.
Seasonally adjusted
  Quarterly growth2.
  Annual growth15.64.710.49.48.3
Gross domestic product by expenditures, constant prices, growth rates (%), Slovenia
Changes on the same quarter of the previous year
Domestic expenditure18.69.713.914.88.0
Final consumption expenditure13.
  General government4.
Gross capital formation36.324.50.816.210.0
  Gross fixed capital formation20.410.511.08.66.4
  Changes in inventories and valuables1)3.22.4-
External trade balance1)-0.8-3.7-2.3-4.10.6
Exports of goods and services30.511.612.18.48.7
Minus: imports of goods and services36.119.116.814.68.5
Gross domestic product16.
1) As contribution to GDP volume growth (in percentage points).
Value added by activities and gross domestic product, constant prices, growth rates (%), Slovenia
Changes on the same quarter of the previous year
A Agriculture, forestry and fishing-3.2-4.9-4.710.03.1
BCDE Mining and quarrying, manufacturing, electricity and water supply, waste management
of which: C Manufacturing27.
F Construction8.
GHI Trade, transportation and storage, accommodation and food service activities20.18.720.325.520.8
J Information and communication11.06.410.93.513.7
K Financial and insurance activities-1.22.945.65.223.8
L Real estate activities1.
MN Professional, scientific, technical, administrative and support services22.28.610.98.912.4
OPQ Public administration, education, human health and social work2.
RST Other service activities18.58.237.519.924.4
Total value added14.
Net taxes on products26.54.318.312.75.1
Gross domestic product16.
When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.