By: P.T., STA
Slovenia’s GDP increased by 16.3% on a year-on-year basis in the second quarter of the year, the Statistics Office reported, with the growth powered by household spending and gross investment. Foreign trade was up significantly as well.
Gross investment in most fixed assets was up and it was up on average by 19.2% compared to the second quarter of 2020. An increase in inventories also added 3.4 percentage points to the GDP growth. Household spending was up by 18.8%, and was thus higher than in the second quarter of the pre-coronavirus crisis year 2019. Household expenditure for goods and services was up significantly. Slovenia’s GDP is now just below its 2019 peak.