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. From 2014 to 2016, export-led growth, fueled by demand in larger European markets, pushed annual GDP growth above 2.3%. Growth reached 5.0% in 2017 and is projected to near or reach 5% in 2018. What used to be stubbornly high unemployment fell below 5.5% in early 2018, driven by strong exports and increasing consumption that boosted labor demand. Continued fiscal consolidation through increased tax collection and social security contributions will likely result in a balanced government budget in 2019.

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. Efforts to privatize Slovenia’s largely state-owned banking sector have largely stalled, however, amid concerns about an ongoing dispute over Yugoslav-era foreign currency deposits.

GDP (purchasing power parity):
$71.23 billion (2017 est.)
$67.84 billion (2016 est.)
$65.77 billion (2015 est.)
note: data are in 2017 dollars
country comparison to the world (CIA rank, may be based on non-current data): 99
[see also: GDP country ranks ]

GDP (official exchange rate):
$48.87 billion (2017 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
5% (2017 est.)
3.1% (2016 est.)
2.3% (2015 est.)
country comparison to the world (CIA rank, may be based on non-current data): 51
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$34,500 (2017 est.)
$32,900 (2016 est.)
$31,900 (2015 est.)
note: data are in 2017 dollars
country comparison to the world (CIA rank, may be based on non-current data): 58
[see also: GDP - per capita country ranks ]

Gross national saving:
26.4% of GDP (2017 est.)
24.2% of GDP (2016 est.)
23.9% of GDP (2015 est.)
country comparison to the world (CIA rank, may be based on non-current data): 49
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 52.6% (2017 est.)
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 18.2% (2017 est.)
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 18.4% (2017 est.)
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 1.1% (2017 est.)
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 82.3% (2017 est.)
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -72.6% (2017 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 1.8% (2017 est.)
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 32.2% (2017 est.)
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 65.9% (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:
8.6% (2017 est.)
country comparison to the world (CIA rank, may be based on non-current data): 22
[see also: Industrial production growth rate country ranks ]

Labor force:
959,000 (2017 est.)
country comparison to the world (CIA rank, may be based on non-current data): 145
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 5.5%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 31.2%
[see also: Labor force - by occupation - industry country ranks ]
services: 63.3% (2017 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
6.6% (2017 est.)
8% (2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 98
[see also: Unemployment rate country ranks ]

Population below poverty line:
13.9% (2016 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%: 20.1% (2016)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
24.4 (2016)
24.5 (2015)
country comparison to the world (CIA rank, may be based on non-current data): 154
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: 21.07 billion (2017 est.)
[see also: Budget - revenues country ranks ]
expenditures: 21.06 billion (2017 est.)
[see also: Budget - expenditures country ranks ]

Taxes and other revenues:
43.1% (of GDP) (2017 est.)
country comparison to the world (CIA rank, may be based on non-current data): 28
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
0% (of GDP) (2017 est.)
country comparison to the world (CIA rank, may be based on non-current data): 46
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
73.6% of GDP (2017 est.)
78.6% 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 central, state, local government, and social security funds
country comparison to the world (CIA rank, may be based on non-current data): 44
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
1.4% (2017 est.)
-0.1% (2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 80
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
0% (31 December 2017)
0% (16 March 2016)
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 (CIA rank, may be based on non-current data): 161
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
2.59% (31 December 2017 est.)
2.81% (31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 180
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$21.53 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 (CIA rank, may be based on non-current data): 68
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$21.53 billion (31 December 2017 est.)
$16.54 billion (31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 69
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$35.34 billion (31 December 2017 est.)
$30.23 billion (31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 75
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$6.328 billion (31 December 2017 est.)
$5.6 billion (31 December 2016 est.)
$5.94 billion (31 December 2015 est.)
country comparison to the world (CIA rank, may be based on non-current data): 82
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$3.475 billion (2017 est.)
$2.461 billion (2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 33
[see also: Current account balance country ranks ]

Exports:
$32.14 billion (2017 est.)
$27.65 billion (2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 61
[see also: Exports country ranks ]

Exports - partners:
Germany 18.9%, Italy 10.7%, Austria 7.4%, Croatia 7.1%, France 4.8%, Poland 4.2%, Hungary 4.2% (2017)

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

Imports:
$30.38 billion (2017 est.)
$25.95 billion (2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 68
[see also: Imports country ranks ]

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

Imports - partners:
Germany 16.5%, Italy 13.5%, Austria 9.3%, Turkey 5.8%, Croatia 4.8%, China 4.5% (2017)

Reserves of foreign exchange and gold:
$889.9 million (31 December 2017 est.)
$853 million (31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 135
[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 (CIA rank, may be based on non-current data): 69
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$19.23 billion (31 December 2017 est.)
$14.83 billion (31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 80
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$9.914 billion (31 December 2017 est.)
$7.837 billion (31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 66
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
euros (EUR) per US dollar -
0.885 (2017 est.)
0.903 (2016 est.)
0.9214 (2015 est.)
0.885 (2014 est.)
0.7634 (2013 est.)