Charts of the Week


Charts of the Week

Charts of the week from 16 to 20 February 2026: gross domestic product, number of persons in employment and average gross wage per employee

GDP grew by 1.1% last year, with growth primarily driven by construction investment. Growth in private consumption more than halved, while growth in government consumption also moderated. The contribution of external trade balance was negative. According to the Statistical Register of Employment (SRDAP), the number of persons in employment declined by 0.3% last year, with the most pronounced contractions recorded in administrative and support service activities, manufacturing, and construction. Employment increased only in public service activities. At the end of the year, the average gross wage per employee declined year-on-year due to a decrease in the private sector, which is associated with lower extra payments following the introduction of the mandatory winter bonus. In 2025, the overall average gross wage was 3.4% higher in real terms (5.9% in nominal terms); growth was stronger in the general government sector due to the beginning of the implementation of the agreed reform of the public sector wage system.
 

 

In the fourth quarter of 2025, quarter-on-quarter GDP growth moderated slightly (0.4%, seasonally adjusted), while GDP increased by 1.1% in 2025 as a whole. From the second quarter onwards, economic growth was primarily supported by investment (4.1% for the year as a whole), notably government and infrastructure investment, as well as by household consumption (1.7%). Amid heightened uncertainty in the international environment, a pronounced contraction in housing investment further dampened private sector investment activity. Despite the acceleration in disposable income growth, household consumption growth more than halved in 2025, and the propensity to save increased accordingly. Growth in government consumption moderated (1.6%). Export performance weakened markedly. Goods exports stagnated over the year as a whole and lagged behind growth in foreign demand. Export dynamics were shaped by the specific structure of exports – characterised by a high share of the automotive and metal industries – and by strong dependence on German industrial activity. Exports of services strengthened (2.2%). Import growth (2.1%) exceeded export growth in 2025; consequently, the contribution of external trade balance to GDP growth was negative (–1.3 p.p. for the year as a whole).

 

The number of persons in employment according to SRDAP declined slightly in December compared with the preceding months (seasonally adjusted), while increasing by 0.3% year-on-year. The year-on-year increase was largely attributable to a lower base in December 2024, which, inter alia, reflected a surge in retirements. On average in 2025, the total number of persons in employment decreased by 0.3% , primarily due to a decline in the number of employed Slovenian nationals (–0.7%) By contrast, the number of employed foreign nationals increased by 1.9%. The sharpest decline in the number of persons in employment was recorded in administrative and support service activities (–3.7%), mainly due to a decrease in employment agencies, followed by manufacturing (–1.8%), and construction (–1.4%). Conversely, employment expanded in public service activities, most notably in human health and social work activities (3.4%). 

 

The average gross wage in December was slightly lower in nominal terms than a year earlier (–0.5%), due to a lower wage in the private sector (–3.9%). This can be linked to a year-on-year significantly lower volume of extra payments (based on business performance), due to the introduction of a mandatory winter bonus for employees in December. In the public sector, following the increase in basic wages agreed with the implementation of the pay reform, growth remained relatively high (6.1%). In 2025, the overall average gross wage was 3.4% higher in real terms (5.9% in nominal terms) – by 6.8% in the public sector and by 1.5% in the private sector (9.4% and 3.9% in nominal terms, respectively).