The Statistics Office said that external demand had a positive effect on economic growth, although export growth was more moderate than in 2017 and 2018. Exports increased by 4.4% in 2019, compared with 6.1% a year earlier.
Domestic demand growth slowed down to 2.1% after it reached 4.3% in 2018, which was the highest increase since 2007.
Total employment in 2019 amounted to 1,045,000 people, which is 2.4% more than in 2018, and is the highest indicator in the entire history of observations (i.e., since 1995).
GDP amounted to 48 billion euros, which is nominally 4.9% more than in 2018.
In the last quarter of 2019, seasonally adjusted, GDP grew by 0.4% in the third quarter and by 1.7% year on year.
Exports and domestic consumption were modest in the fourth quarter, increasing by 0.9% and 0.4% year on year, respectively.
It is noted that domestic consumption, stimulated by relatively favorable conditions, remains a key growth driver in Slovenia.
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