Gross domestic product, other aggregates of national accounts and employment, 2024

Continued slowdown of economic growth

Slovenia’s gross domestic product for 2024 was estimated at EUR 67,418 million based on annual data sources. This was a 5.3% nominal increase over the previous year, whereas in volume terms the 2024 GDP grew by 1.7% (in 2023 the growth was 2.4%).

GDP volume growth based on annual data sources is 0.1 of a percentage point higher than the quarterly estimate published on 14 February 2025.

Both output and intermediate consumption increased in real terms; output by 1.1% and intermediate consumption by 0.6%.

Economic activities with the largest contribution to GDP growth in 2024 were manufacturing (0.8 of a percentage point), wholesale and retail trade, repair of motor vehicles (0.3 p.p.), and information and communication (0.2 p.p.).

The largest negative contribution to GDP growth came from construction (−0.2 p.p.), transportation and storage (−0.1 p.p.) and real estate activities (−0.1 p.p.).

Growth of final consumption, imports grew more than exports

Household final consumption expenditure grew in real terms by 3.8% and final consumption expenditure of general government by 7.3%. Gross fixed capital formation decreased in volume by 0.3%. The increase in inventories was again weaker than the previous year, contributing −0.2 p.p. to GDP volume growth.

External trade balance was still positive, at EUR 4,164 million at current prices, but imports of goods and services increased more than exports. Exports grew in volume by 2.3% (exports of goods by 2.6%, of services by 1.5%) and imports by 4.3% (imports of goods by 4.6%, of services by 2.8%). Terms of trade improved again. Both export and import prices decreased, but the latter more (by 1.7%) than the former (by 0.3%).

Higher share of compensation of employees, lower share of net operating surplus and mixed income

The share of compensation of employees in GDP was 51.5% in 2024 (0.5 of a percentage point higher than in the previous year). The share of taxes on production was virtually unchanged at 13.0%. The share of subsidies was 1.5% (0.8 p.p. lower, mostly on account of subsidies due to soaring energy prices). The share of consumption of fixed capital was 18.3% (0.2 p.p. lower). The share of net operating surplus and mixed income was 18.6% (1 p.p. lower than in the previous year).

Continued growth of employment

The number of employees increased by 0.04% and the number of self-employed persons by 2.2%. Total employment increased by 0.5% and was estimated at the annual average of 1,104,000 persons. Employees represented 79.9% and the self-employed 20.1% of total employment.

Revision of estimates at constant previous year prices

This year’s revision includes results of improvements in estimating gross domestic product at constant previous year prices carried out in cooperation with the International Monetary Fund. Volume indicators have been employed to a slightly greater extent than previously, mostly in energy supply. In volume measures of intermediate consumption, use tables with a more detailed breakdown by product group were applied. A more detailed product breakdown was also applied in the estimation of net taxes on production. Other changes were minor.

The changes did not significantly impact the estimates of the overall volume growth of GDP, but they improved the volume growth estimates of individual components, thereby contributing to more straightforward balancing and validation of the estimates of the production approach and of the expenditure approach to estimating GDP at constant previous year prices.


In line with the harmonised European policy of national accounts revision, we announce again that the next major revision (at both current and constant prices) is planned for 2029. In addition to the findings of the new five-year round of verification of gross national income data, the classification of economic activities will be updated and a new methodological basis is being prepared that will upgrade the current European regulation (European System of Accounts 2010).


Tables with the latest data are available in the SiStat Database.