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Slovenia's GDP growth according to the first estimate

The statistical office published data on the basis of the quarterly method, the annual estimate will be published by the agency at the end of August.

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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