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.
2.4% (2019 est.)
4.24% (2018 est.)
5.14% (2017 est.)
1.6% (2019 est.)
1.7% (2018 est.)
1.4% (2017 est.)
Fitch rating: A (2019)
Moody's rating: A3 (2020)
Standard & Poors rating: AA- (2019)
$81.614 billion (2019 est.)
$79.095 billion (2018 est.)
$75.773 billion (2017 est.)
note: data are in 2010 dollars
$54.16 billion (2019 est.)
$39,088 (2019 est.)
$38,139 (2018 est.)
$36,670 (2017 est.)
note: data are in 2010 dollars
26.5% of GDP (2019 est.)
27.2% of GDP (2018 est.)
26.5% of GDP (2017 est.)
agriculture: 1.8% (2017 est.)
industry: 32.2% (2017 est.)
services: 65.9% (2017 est.)
household consumption: 52.6% (2017 est.)
government consumption: 18.2% (2017 est.)
investment in fixed capital: 18.4% (2017 est.)
investment in inventories: 1.1% (2017 est.)
exports of goods and services: 82.3% (2017 est.)
imports of goods and services: -72.6% (2017 est.)
Overall score: 76.5 (2020)
Starting a Business score: 93 (2020)
Trading score: 100 (2020)
Enforcement score: 54.8 (2020)
milk, maize, wheat, grapes, barley, potatoes, poultry, apples, beef, pork
ferrous metallurgy and aluminum products, lead and zinc smelting; electronics (including military electronics), trucks, automobiles, electric power equipment, wood products, textiles, chemicals, machine tools
8.6% (2017 est.)
885,000 (2020 est.)
agriculture: 5.5%
industry: 31.2%
services: 63.3% (2017 est.)
7.64% (2019 est.)
8.25% (2018 est.)
12% (2018 est.)
24.2 (2017 est.)
24.5 (2015)
lowest 10%: 3.8%
highest 10%: 20.1% (2016)
revenues: 21.07 billion (2017 est.)
expenditures: 21.06 billion (2017 est.)
43.1% (of GDP) (2017 est.)
0% (of GDP) (2017 est.)
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
calendar year
$3.05 billion (2019 est.)
$3.17 billion (2018 est.)
$49.872 billion (2019 est.)
$48.001 billion (2018 est.)
$45.096 billion (2017 est.)
Germany 18%, Italy 11%, Croatia 8%, Austria 7%, France 5%, Switzerland 5% (2019)
packaged medicines, cars and vehicle parts, refined petroleum, electrical lighting/signaling equipment, electricity (2019)
$45.489 billion (2019 est.)
$43.637 billion (2018 est.)
$40.625 billion (2017 est.)
Germany 14%, Italy 12%, Austria 8%, Switzerland 8%, China 7% (2019)
packaged medicines, cars and vehicle parts, refined petroleum, delivery trucks, electricity (2019)
$889.9 million (31 December 2017 est.)
$853 million (31 December 2016 est.)
$48.656 billion (2019 est.)
$50.004 billion (2018 est.)
euros (EUR) per US dollar -
0.82771 (2020 est.)
0.90338 (2019 est.)
0.87789 (2018 est.)
0.885 (2014 est.)
0.7634 (2013 est.)
NOTE: The information regarding Slovenia on this page is re-published from the 2021 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Slovenia 2021 information contained here. All suggestions for corrections of any errors about Slovenia 2021 should be addressed to the CIA or the source cited on each page.
This page was last modified 16 Dec 23, Copyright © 2023 ITA all rights reserved.