Ljubljana — Powered by strong development of domestic consumption, the economy of Slovenia increased by 5.3% during the first quarter of 2014 as compared to the same period a year ago. With due allowance for season and number of working days, the GDP of Slovenia has grown by 5% since last year, and by 1,5% if compared to the previous quarter. According to the Statistics Office, such rapid growth is powered by an increasing domestic consumption, the annual rate of which amounts to 5%. Expenditures on final consumption grew by 3.4%, while gross fixed capital investment skyrocketed by 10.5%. They made a contribution of 2.4 and 2.1 percentage points respectively to the GDP growth.
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