Current Account in Slovenia

Slovenia Current Account | Economic News & Forecasts

Slovenia - Current Account

The economy has most likely entered recession in the second quarter, after GDP contracted at the sharpest pace in seven years in the first quarter. Supply-side disruptions prompted by the health crisis are dealing a shocking blow to the country’s industrial sector: Overall production plummeted in April as output in the all-important car industry plunged by nearly 80%, while May is likely to post a similar downturn amid markedly negative business sentiment. On the expenditure side, social distancing measures will have ravaged household consumption in the quarter: Retail sales dropped at a record pace in April, while consumer sentiment crashed to a fresh low in Q2. Meanwhile, on 12 June, Standard & Poor’s confirmed Slovenia’s AA- rating with a stable outlook, lauding the country’s low external debt levels and pro-growth policies.

Slovenia - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)3.8  4.8  6.3  6.1  6.6  

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Slovenia Current Account Chart


Slovenia Current Account
Note: Current account balance as % of GDP.
Source: Slovenia Central Bank and FocusEconomics calculations.

Slovenia Facts

Value Change Date
Bond Yield0.30-0.79 %Dec 31
Exchange Rate1.120.65 %Dec 31

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