Between 2008 and 2018 GDP grew by an average of 1.0% p.a. over the decade. Despite recent positive economic events, Slovenia has spent a number of years over the past decade in recession. In 2012 and 2013, the country’s GDP shrank by -2.7% p.a. and -1.1% p.a. respectively. GDP returned to growth in 2014 and continued this trend into 2018 with strong growth rates of 4.5% YoY.
Industrial production (as measured by IPI) has followed a similar trend to GDP over the course of the last decade. The rate of industrial production was hit particularly hard during the worst year of the financial crisis.
The GDP deflator rate has generally remained low over the past decade, consistently below 5%. In 2018 the country experienced a deflator rate of 2.5%.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 2.8% p.a. in a low scenario to 6.1% p.a. in a high scenario. Accordingly, the industry in Slovenia is expected to achieve revenues of between $82.9m to $108.8m by 2023.
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