GDP of Slovenia

GDP of Slovakia

Understanding  GDP of Slovenia: A Comprehensive Guide

GDP of Slovenia or Gross Domestic Product is a crucial economic indicator that measures the total value of goods and services produced within the country’s borders in a given period.

We will delve deeper into the components that make up Slovenia’s GDP, its significance to the country’s economic growth, and how it compares to other European nations.

What makes up Slovenia’s GDP?

Slovenia’s GDP is calculated by adding up the value of four main components: private consumption, government spending, investments, and net exports.

Private consumption refers to the total amount of goods and services purchased by households within Slovenia. Government spending includes all the expenses incurred by the government on public goods and services, including salaries, infrastructure, and public health services.

Investments are the total amount of money spent by businesses and the government on new equipment, construction projects, and research and development.

Net exports are calculated by subtracting the value of goods and services imported into Slovenia from the value of goods and services exported to other countries.

Why is GDP important for Slovenia’s economy?

GDP is a critical measure of economic growth as it indicates the overall health of a country’s economy. A rising GDP generally signals a growing economy, while a declining GDP signifies an economic slowdown. In Slovenia, GDP has been steadily increasing over the years, indicating a robust economy.

Additionally, a higher GDP translates to increased revenue for the government, which can then be used to improve public services such as education, healthcare, and infrastructure.

A growing economy also attracts foreign investors, who bring in new businesses and jobs, further boosting economic growth.

How does Slovenia’s GDP compare to other European nations?

Slovenia’s GDP per capita, which is the GDP divided by the country’s population, is one of the highest among the Central and Eastern European countries.

According to data from the World Bank, Slovenia’s GDP per capita was $29,504 in 2020, higher than neighboring countries such as Croatia, Hungary, and Serbia.

In the European Union, Slovenia ranks in the middle in terms of GDP per capita, with countries like Germany, the United Kingdom, and Sweden having higher GDP per capita.

However, Slovenia’s GDP growth rate has been consistently higher than the EU average, indicating strong economic growth. Below is Slovenia’s GDP growth rate:

 GDP of Slovenia Data

  • Nominal (current) Gross Domestic Product (GDP) of Slovenia is $48,769,655,479 (USD) as of 2017.
  • Real GDP (constant, inflation adjusted) of Slovenia reached $53,037,744,699 in 2017.
  • GDP Growth Rate in 2017 was 5.00%, representing a change of 2,525,995,697 US$ over 2016, when Real GDP was $50,511,749,002.
  • GDP per Capita in Slovenia (with a population of 2,076,394 people in 2017) was $25,543, an increase of $1,191 from $24,352 in 2016; this represents a change of 4.9% in GDP per capita.
GDP nominal (2017) GDP growth rate (2017)

$48,769,655,479

5.00%

 GDP of Slovenia
 GDP of Slovenia

Gross Domestic Product (GDP of Slovenia

Year GDP Nominal
(Current USD)
GDP Real
(Inflation adj.)
GDP
change
GDP per capita Pop.
change
Population
2017 $48,769,655,479 $53,037,744,699 5.00% $25,543 0.11 % 2,076,394
2016 $44,708,598,649 $50,511,749,002 3.15% $24,352 0.15 % 2,074,210
2015 $43,072,415,017 $48,969,999,339 2.26% $23,643 0.18 % 2,071,199
2014 $49,904,928,335 $47,888,250,500 2.98% $23,163 0.21 % 2,067,488
2013 $48,116,256,926 $46,502,839,741 -1.13% $22,540 0.26 % 2,063,110
2012 $46,352,802,766 $47,035,305,258 -2.67% $22,857 0.32 % 2,057,823
2011 $51,290,792,018 $48,325,391,228 0.65% $23,559 0.39 % 2,051,287
2010 $48,013,606,745 $48,013,606,745 1.24% $23,498 0.47 % 2,043,337
2009 $50,244,793,832 $47,426,581,432 -7.80% $23,319 0.53 % 2,033,804
2008 $55,589,849,128 $51,437,289,128 3.30% $25,426 0.54 % 2,023,052
2007 $48,114,688,201 $49,794,021,536 6.94% $24,747 0.48 % 2,012,118
2006 $39,587,732,029 $46,561,862,055 5.66% $23,253 0.37 % 2,002,430
2005 $36,346,974,008 $44,069,302,645 4.00% $22,090 0.24 % 1,994,976
2004 $34,470,227,454 $42,373,104,165 4.35% $21,291 0.12 % 1,990,222

See Also:  GDP of Slovenia

Related Topic:

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  5.  GDP of Bosnia and Herzegovina
  6. GDP of Malawi
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Sources:  GDP of Slovenia

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