LJUBLJANA, Nov. 14 (Xinhua) -- Slovenia's gross domestic product (GDP) grew by 1.7 percent year-on-year in the third quarter of 2025, marking the fastest expansion in the past four quarters, the country's Statistical Office said Friday.
Investment and household consumption remained the main drivers, the office said. On a quarterly basis, GDP rose by 0.8 percent, slightly below the 0.9-percent increase recorded in the previous quarter.
Gross fixed capital formation, a key measure of investment in machinery, construction, and infrastructure, surged by 9.1 percent, the highest rate in nearly four years, supported mainly by increased investment in buildings and structures.
Household spending rose by 1 percent year-on-year, while exports declined by 1.1 percent and imports increased by 0.7 percent. Slovenia has faced weaker foreign demand in recent months due to the economic slowdown in the European Union, its key export market.
"The increase in investment and construction activity was the main contributor to GDP growth, while international trade continued to have a negative impact," the Bank of Slovenia said in a statement following the release of the data.
The central bank noted that despite improved economic conditions in the second and third quarters, overall GDP growth this year is expected to be lower than in the previous two years. Slovenia recorded a 0.6-percent GDP decline in the first quarter of 2025.
In September, the government forecast full-year GDP to grow 0.8 percent for 2025, compared with 1.7 percent in 2024.
An EU member since 2004, Slovenia is an export-oriented economy. Its key export products include cars, automotive parts, pharmaceuticals, and household appliances.
