Gross domestic product, 2nd quarter 2023
GDP up by 1.4% at the annual level
Seasonally adjusted GDP increased by 1.6% compared to the same quarter of last year and by 1.4% compared to the first quarter of this year.
Significant decrease in imports, exports down, too
In the second quarter, imports decreased by 8.3% compared to the same period of last year. The decline was more prominent in goods (by 9.3%) than in services (2.3%). Exports decreased as well, but at a slower pace (0.7%). Exports of goods went down by 0.3% and exports of services by 2.6%. The difference in dynamics of imports and exports resulted in a very high external trade balance. It amounted to 1,699 million euros at current prices, and contributed 6.7 percentage points to GDP volume growth.
Domestic expenditure down
Domestic expenditure decreased by 5.4%. Final consumption expenditure remained at the same level, while fixed capital formation declined by 20.1%, predominantly due to a decrease in inventories. Gross fixed capital formation increased by 9.3%, mostly due to an increase in investment into buildings and structures. Household consumption expenditure went down by 1.1%, which occurred for the first time after two years of consecutive growth.
Employment continued to grow
Total employment was 1,093,200 persons. Compared to the same quarter of 2022, it increased by 1.2% or about 12,800 persons. The largest number of new jobs was generated in construction.
More detailed data will be available in the SiStat Database on 18 August 2023.
In the second quarter, imports decreased by 8.3% compared to the same period of last year. The decline was more prominent in goods (by 9.3%) than in services (2.3%). Exports decreased as well, but at a slower pace (0.7%). Exports of goods went down by 0.3% and exports of services by 2.6%. The difference in dynamics of imports and exports resulted in a very high external trade balance. It amounted to 1,699 million euros at current prices, and contributed 6.7 percentage points to GDP volume growth.
Domestic expenditure down
Domestic expenditure decreased by 5.4%. Final consumption expenditure remained at the same level, while fixed capital formation declined by 20.1%, predominantly due to a decrease in inventories. Gross fixed capital formation increased by 9.3%, mostly due to an increase in investment into buildings and structures. Household consumption expenditure went down by 1.1%, which occurred for the first time after two years of consecutive growth.
Employment continued to grow
Total employment was 1,093,200 persons. Compared to the same quarter of 2022, it increased by 1.2% or about 12,800 persons. The largest number of new jobs was generated in construction.
More detailed data will be available in the SiStat Database on 18 August 2023.
Gross domestic product, constant prices, growth rates (%), Slovenia
| |||||||||||||||||||||||||||||||||||||||||
Gross domestic product by expenditures, constant prices, growth rates (%), Slovenia
1) As contribution to GDP volume growth (in percentage points). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Value added by activities and gross domestic product, constant prices, growth rates (%), Slovenia
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
METHODOLOGICAL NOTE
Unless otherwise specified, all comparisons in this text refer to original data, to volume or real changes, and to changes compared with the same quarter of the previous year.
Additional explanations are available in the methodological explanations.
Additional explanations are available in the methodological explanations.
When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.
.jpg)