GDP Growth Highest in Four Years

Slovenia's gross domestic product, measured at constant 2000 prices, increased by 4.6 percent in the second quarter of this year, up from 3.8 percent in Q1.

This is the fastest pace of growth in the past four years, according to preliminary figures released by the Statistics Office. In the first half of 2004, GDP volume growth amounted to 4.2 percent. Strong growth of exports and imports recorded in Q1 continued in the second quarter of 2004. Exports increased by 13.8 percent compared to the second quarter of 2003, with imports up 15 percent. Due to the higher import growth, the external trade balance decreased GDP volume growth by 1.2 percentage points.

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