Driven by stimulus-fuelled domestic spending, Slovenia’s economy expanded by 8.1% in real terms in 2021 after a 4.2% contraction the year before.
In nominal terms it was up 10.9%, show preliminary estimates released by the Statistics Office. In the fourth quarter GDP grew by a seasonally adjusted 5.4% year-on-year. Domestic spending surged by 10.8% year-on-year, with final consumption, growing at 9.4%, having a bigger impact on headline growth than investments, although investments expanded by 15.5%. The central bank and the government’s macroeconomic think-tank said future trends would be impacted by factors associated with Russia’s military aggression.
