In 2016 a decline in investment activity
In 2016, gross fixed capital formation (GFCF) amounted to EUR 7,082 million, which is nominally 3.2% (in real terms 3.7%) lower than in the previous year. In cohesion region Vzhodna Slovenija GFCF was nominally lower by 3.7% and in cohesion region Zahodna Slovenija by 2.7%. As in the previous year, the drop in investment activity in 2016 is mainly related to the decline in government investment due to the transition to the new European Financial Perspective 2014‑2020.
A fall in investments in public administration, defence, education, and healthcare and social work activities
In both cohesion regions, the GFCF growth dynamics was positively affected mainly by the growth of the GFCF in wholesale and retail trade, transport, accommodation and food service activities (sections G, H, I) and manufacturing (section C). The fall in GFCF in public administration, defence, education, and healthcare and social work activities (sections O, P, Q) had a significant negative impact on GFCF growth in both cohesion regions.
53.5% of all GFCF generated in Zahodna Slovenija
More than a half of investment value was generated in cohesion region Zahodna Slovenija, i.e. 53.5% of all GFCF, which amounts to a 15% higher value than in cohesion region Vzhodna Slovenija. According to the value of investments generated, Zahodna Slovenija dominated over Vzhodna Slovenija most markedly in financial and insurance activities (section K; 88% of GFCF of the industry was generated in Zahodna Slovenija), professional, scientific and technical activities, and administrative and support service activities (sections M and N; 82%) and information and communication activities (section J; 72%).
The majority of investments in basic activities generated in Vzhodna Slovenija
In comparison with Zahodna Slovenia, in the east more GFCF was generated in basic activities (sections of activities from A to F). In agriculture, forestry and fishing activities (section A) 71% of GFCF and in mining and quarrying, manufacturing, electricity and water supply, and waste management (sections B,C,D,E) 56% of GFCF was generated in the east.
We are also publishing revised data for 2014 and 2015
In today’s release on GFCF we are publishing the revised data for 2014 and 2015. The differences from previously published data on GFCF by region are due to routine annual revisions and harmonization with data on investments at the national level.