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Slovenia Economy 2018

SOURCE: 2018 CIA WORLD FACTBOOK AND OTHER SOURCES











Slovenia Economy 2018
SOURCE: 2018 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 28, 2018

Economy - overview:
With excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe, Slovenia has one of the highest per capita GDPs in Central Europe, despite having suffered a protracted recession in the 2008-09 period in the wake of the global financial crisis. Slovenia became the first 2004 EU entrant to adopt the euro (on 1 January 2007) and has experienced a stable political and economic transition.In March 2004, Slovenia became the first transition country to graduate from borrower status to donor partner at the World Bank. In 2007, Slovenia was invited to begin the process for joining the OECD; it became a member in 2012. However, long-delayed privatizations, particularly within Slovenia’s largely state-owned and increasingly indebted banking sector, have fueled investor concerns since 2012 that the country would need EU-IMF financial assistance. In 2013, the European Commission granted Slovenia permission to begin recapitalizing ailing lenders and transferring their nonperforming assets into a “bad bank” established to restore bank balance sheets. From 2014 to 2017, export-led growth, fueled by demand in larger European markets, pushed GDP growth above 2.3% in each year from 2014-2016, and probably reached 4.6% in 2017. What had been stubbornly high unemployment fell below 7% in 2017, driven by strong exports and increasing consumption that boosted labor demand. Continued fiscal consolidation through increased tax collection and social security contributions is set to have a positive impact in 2018 as the government plans a balanced budget.Prime Minister CERAR’s government took office in September 2014, pledging to press ahead with commitments to privatize a select group of state-run companies, rationalize public spending, and further stabilize the banking sector.

GDP (purchasing power parity):
$70.36 billion (2017 est.) $67.66 billion (2016 est.) $65.59 billion (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 98

GDP (official exchange rate):
$48.08 billion (2016 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
4% (2017 est.) 3.1% (2016 est.) 2.3% (2015 est.)
country comparison to the world: 66
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$34,100 (2017 est.) $32,800 (2016 est.) $31,800 (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 58

Gross national saving:
24.5% of GDP (2017 est.) 23.9% of GDP (2016 est.) 23.7% of GDP (2015 est.)
country comparison to the world: 55
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 52%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 18.8%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 18.9%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 1.1%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 82.3%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -73.2% (2017 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 2.3%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 32%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 65.8% (2017 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
hops, wheat, coffee, corn, apples, pears; cattle, sheep, poultry

Industries:
ferrous metallurgy and aluminum products, lead and zinc smelting; electronics (including military electronics), trucks, automobiles, electric power equipment, wood products, textiles, chemicals, machine tools

Industrial production growth rate:
2.5% (2017 est.)
country comparison to the world: 110
[see also: Industrial production growth rate country ranks ]

Labor force:
931,200 (2017 est.)
country comparison to the world: 148
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 3.7%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 31.7%
[see also: Labor force - by occupation - industry country ranks ]
services: 64.6% (2015 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
6.8% (2017 est.) 8% (2016 est.)
country comparison to the world: 95
[see also: Unemployment rate country ranks ]

Population below poverty line:
14.3% (2015 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 3.8%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 20.2% (2015)

Distribution of family income - Gini index:
24.5 (2015) 25 (2014)
country comparison to the world: 147
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $20.2 billion
[see also: Budget - revenues country ranks ]
expenditures: $20.97 billion (2017 est.)
[see also: Budget - expenditures country ranks ]

Taxes and other revenues:
42% of GDP (2017 est.)
country comparison to the world: 29
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-1.6% of GDP (2017 est.)
country comparison to the world: 70
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
78.6% of GDP (2017 est.) 79.7% of GDP (2016 est.)
note: defined by the EU's Maastricht Treaty as consolidated general government gross debt at nominal value, outstanding at the end of the year in the following categories of government liabilities: currency and deposits, securities other than shares excluding financial derivatives, and loans; general government sector comprises the subsectors: central government, state government, local government, and social security funds
country comparison to the world: 41
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
1.6% (2017 est.) -0.1% (2016 est.)
country comparison to the world: 66
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
0% (16 March 2016) 0.05% (4 Sept 2014)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area
country comparison to the world: 151
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
2.9% (31 December 2017 est.) 2.81% (31 December 2016 est.)
country comparison to the world: 171
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$20.79 billion (31 December 2017 est.) $16.54 billion (31 December 2016 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
country comparison to the world: 69
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$27.88 billion (31 December 2017 est.) $24.3 billion (31 December 2016 est.)
country comparison to the world: 82
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$33.33 billion (31 December 2017 est.) $30.23 billion (31 December 2016 est.)
country comparison to the world: 79
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$5.6 billion (31 December 2016 est.) $5.94 billion (31 December 2015 est.) $6.2 billion (31 December 2014 est.)
country comparison to the world: 84
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$2.415 billion (2017 est.) $2.332 billion (2016 est.)
country comparison to the world: 32
[see also: Current account balance country ranks ]

Exports:
$30.23 billion (2017 est.) $27.65 billion (2016 est.)
country comparison to the world: 62
[see also: Exports country ranks ]

Exports - commodities:
manufactured goods, machinery and transport equipment, chemicals, food

Exports - partners:
Germany 19.3%, Italy 10.4%, Austria 7.5%, Croatia 7.3%, Hungary 4.4%, France 4.1% (2016)

Imports:
$28.7 billion (2017 est.) $25.95 billion (2016 est.)
country comparison to the world: 65
[see also: Imports country ranks ]

Imports - commodities:
machinery and transport equipment, manufactured goods, chemicals, fuels and lubricants, food

Imports - partners:
Germany 16.8%, Italy 13.5%, Austria 9.9%, Croatia 5.5%, China 4.8%, Turkey 4.4% (2016)

Reserves of foreign exchange and gold:
$911.2 million (31 December 2017 est.) $743.2 million (31 December 2016 est.)
country comparison to the world: 129
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$46.3 billion (31 January 2017 est.) $48.2 billion (31 January 2016 est.)
country comparison to the world: 66
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$16 billion (31 December 2017 est.) $14.83 billion (31 December 2016 est.)
country comparison to the world: 88
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$8.137 billion (31 December 2017 est.) $7.837 billion (31 December 2016 est.)
country comparison to the world: 65
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
euros (EUR) per US dollar - 0.906 (2017 est.) 0.9214 (2016 est.) 0.9214 (2015 est.) 0.885 (2014 est.) 0.7634 (2013 est.)


NOTE: 1) The information regarding Slovenia on this page is re-published from the 2018 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Slovenia Economy 2018 information contained here. All suggestions for corrections of any errors about Slovenia Economy 2018 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) The assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






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