Slovenia’s GDP up 8.1% in real terms in 2021

Ljubljana – 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, far outpacing all forecasts. In nominal terms it was up 10.9%, show preliminary data released by the Statistics Office on Monday. In the fourth quarter GDP grew by a seasonally adjusted 5.4% year-on-year. Domestic spending surged by 10.8% year-on-year after contracting by 4.6% last year, with final consumption, growing at 9.4%, having a bigger impact on headline growth than investments, although investments expanded by 15.5%, according…

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The post Slovenia’s GDP up 8.1% in real terms in 2021 appeared first on Slovenia Times.