Slovenia's Q3 GDP up 5 pct YoY

2021-11-30 17:35:33 GMT2021-12-01 01:35:33(Beijing Time) Xinhua English

LJUBLJANA, Nov. 30 (Xinhua) -- Slovenia's gross domestic product (GDP) rose five percent year-on-year in the third quarter (Q3) and 1.3 percent quarter-on-quarter, the country's statistical office reported on Tuesday.

In the first nine months, the country's GDP increased by 7.4 percent year-on-year.

"As in the previous quarter ... household spending and gross investments contributed the most to GDP growth," the office said.

Household spending was up 9.3 percent year-on-year in Q3. Investments increased by 27.8 percent. Exports increased by 10.6 percent and imports by 19.9 percent during the period.

Slovenia's harmonized consumer price index (inflation rate) rose by 4.9 percent year-on-year in November mainly due to higher transport and fuel prices.

The country was badly hit by the COVID-19 pandemic and its GDP fell by 4.2 percent in 2020. However, its export-oriented economy rebounded this year and the government expects the economy to expand by 6.1 percent in the whole of 2021. Enditem