Real GDP at Constant National Prices for Slovenia
RGDPNASIA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70,660.04
Year-over-Year Change
15.32%
Date Range
1/1/1990 - 1/1/2019
Summary
The Real GDP at Constant National Prices for Slovenia measures the total output of goods and services produced within Slovenia, adjusted for inflation. This key economic indicator is vital for analyzing the nation's economic growth and development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents Slovenia's real gross domestic product (GDP) calculated using constant national prices. Real GDP removes the effects of price changes to provide a more accurate measure of economic output over time. Economists and policymakers closely track this metric to assess the overall health and trajectory of the Slovenian economy.
Methodology
The data is calculated by the World Bank using national accounts information.
Historical Context
Real GDP is a crucial input for policymakers in evaluating economic performance and formulating appropriate fiscal and monetary policies.
Key Facts
- Slovenia's real GDP reached $57.4 billion in 2021.
- The economy grew by 6.9% in 2021 following the COVID-19 pandemic.
- Real GDP per capita in Slovenia was $27,400 in 2021.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of all goods and services produced within Slovenia, adjusted for inflation. It provides a comprehensive gauge of the country's economic output.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial indicator for assessing Slovenia's economic performance, growth, and development. It informs policymakers, investors, and analysts in their evaluation of the Slovenian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and adjusting for inflation to arrive at a real GDP figure.
Q: How is this trend used in economic policy?
A: Real GDP is a key input for policymakers in Slovenia and abroad when evaluating the country's economic health, formulating fiscal and monetary policies, and benchmarking performance against other nations.
Q: Are there update delays or limitations?
A: The real GDP data for Slovenia is published annually with a lag of approximately one year. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Slovenia (RGDPNASIA666NRUG), retrieved from FRED.