Trade Balance in Slovenia

Slovenia Trade Balance | Economic News & Forecasts

Slovenia - Trade Balance

Growth slowed considerably in Q3, on the back of weaker growth in private consumption, fixed investment and exports. Momentum was likely dulled by rising Covid-19 cases from September amid relatively low vaccination coverage, as well as supply bottlenecks affecting the country’s auto industry. Turning to Q4, prospects appear to be dimmer still: A rocketing Covid-19 caseload and the arrival of the Omicron variant forced tighter restrictions in November–December. Together with falling consumer confidence and rising inflation through November, this has likely dented private consumption. Nonetheless, Covid-19 cases have fallen since mid-November, removing the need for a full lockdown and thus limiting the damage to the recovery done by the virus this quarter. Moreover, the government proposed new stimulus measures in November, which should offer some support to spending.

Slovenia - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)1.7  1.7  1.9  1.5  1.5  

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Slovenia Trade Balance Chart

Slovenia Trade
Note: Trade balance in EUR billion.
Source: Statistical Office 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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