Current Account in Slovenia

Slovenia Current Account (EUR bn) | Economic News & Forecasts

Slovenia - Current Account (billions of Euros)

Available data suggests that the economy contracted in the first quarter, battered by the Covid-19 pandemic. Retail trade plunged at the fastest pace in over a decade in March and consumer sentiment soured, hinting at a downturn in private consumption. Moreover, dislocated supply chains and a particularly hard-hit automotive sector likely took a toll on fixed investment and exports. That said, the brunt of the crisis is likely to be felt in the second quarter as prolonged social distancing measures weigh on economic activity; business and consumer sentiment collapsed to a record low in April. Meanwhile, the government approved a second stimulus package worth EUR 2 billion (about 4.5% of GDP) on 22 April, which provides loan guarantees to businesses. Later in the month, authorities began gradually easing lockdown conditions, allowing some businesses to reopen.

Slovenia - Current Account (EUR bn) Data

2014   2015   2016   2017   2018  
Current Account Balance (EUR bn)1.9  1.5  1.9  2.6  2.6  

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Slovenia Current Account (EUR bn) 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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