The Unemployment Rate in Slovenia Decreases by Almost 20% in the 2nd Quarter of 2018 as Compared to the Same Period Last Year

The Slovenian Statistical Office has released information on key economic indicators in the second quarter of 2018. Thus, the country’s GDP for this period increased by 3.8% as compared to the same period last year. The growth rate of domestic consumption made 2.3%, and gross investment grew by 2.9%.

The external demand continues to have a beneficial effect on economic growth. Export in the reporting period increased by 9.3%, and import – by 8.3%.

The total number of the country’s employed population in the second quarter of 2018 was 1,013,618 people, which is 3% more than in the same period in 2017. The largest number of people found jobs in manufacturing, construction, trade, as well as in the field of scientific and technical activities.

In August 2018, the level of inflation according the average annual indicator was 1.8%. This indicator is mainly contingent on higher prices for petroleum products: liquid fuel (by 23.3%), diesel fuel (by 11%) and gasoline (by 8.7%); and to a lesser extent, on the rise in price for meat (by 5.1%).

As compared to the first quarter of 2018, the unemployment rate decreased by 0.7% and amounted to 5.2% (54 thousand people, which is 11.6% less than in the first quarter of 2018). Compared with the same period in 2017, the unemployment rate decreased by 18.1%.