Slovenia Economy - 2024

Economic overview

high-income, fast-growing EU-member economy; high human capital; key health infrastructure investments; high government spending; key Croatian investments; high-technology and manufacturing sectors; growing financial hub

Real GDP (purchasing power parity)

$84.4 billion (2021 est.)
$77.996 billion (2020 est.)
$81.519 billion (2019 est.)

note: data are in 2017 dollars

Real GDP growth rate

8.21% (2021 est.)
-4.32% (2020 est.)
3.45% (2019 est.)

Real GDP per capita

$40,000 (2021 est.)
$37,100 (2020 est.)
$39,000 (2019 est.)

note: data are in 2017 dollars

GDP (official exchange rate)

$54.16 billion (2019 est.)

Inflation rate (consumer prices)

1.92% (2021 est.)
-0.05% (2020 est.)
1.63% (2019 est.)

Credit ratings

Fitch rating: A (2019)

Moody's rating: A3 (2020)

Standard & Poors rating: AA- (2019)

note: The year refers to the year in which the current credit rating was first obtained.

GDP - composition, by sector of origin

agriculture: 1.8% (2017 est.)

industry: 32.2% (2017 est.)

services: 65.9% (2017 est.)

GDP - composition, by end use

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.)

Agricultural products

milk, maize, wheat, grapes, barley, potatoes, poultry, apples, beef, pork

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

9.43% (2021 est.)

Labor force

1.036 million (2021 est.)

Unemployment rate

4.42% (2021 est.)
4.97% (2020 est.)
4.45% (2019 est.)

Youth unemployment rate (ages 15-24)

total: 13.9% (2021 est.)

male: 12.7%

female: 15.5%

Population below poverty line

12% (2018 est.)

Gini Index coefficient - distribution of family income

24.4 (2019 est.)

Average household expenditures

on food: 14.6% of household expenditures (2018 est.)

on alcohol and tobacco: 5.1% of household expenditures (2018 est.)

Household income or consumption by percentage share

lowest 10%: 3.8%

highest 10%: 20.1% (2016)

Remittances

1.21% of GDP (2021 est.)
1.22% of GDP (2020 est.)
1.22% of GDP (2019 est.)

Budget

revenues: $23.735 billion (2019 est.)

expenditures: $23.456 billion (2019 est.)

Budget surplus (+) or deficit (-)

0% (of GDP) (2017 est.)

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

Taxes and other revenues

16.92% (of GDP) (2020 est.)

Fiscal year

calendar year

Current account balance

$2.372 billion (2021 est.)
$4.058 billion (2020 est.)
$3.23 billion (2019 est.)

Exports

$51.634 billion (2021 est.) note: data are in current year dollars
$41.823 billion (2020 est.) note: data are in current year dollars
$45.516 billion (2019 est.) note: data are in current year dollars

Exports - partners

Germany 18%, Italy 11%, Croatia 8%, Austria 7%, France 5%, Switzerland 5% (2019)

Exports - commodities

packaged medicines, cars and vehicle parts, refined petroleum, electrical lighting/signaling equipment, electricity (2019)

Imports

$47.665 billion (2021 est.) note: data are in current year dollars
$36.804 billion (2020 est.) note: data are in current year dollars
$40.809 billion (2019 est.) note: data are in current year dollars

Imports - partners

Germany 14%, Italy 12%, Austria 8%, Switzerland 8%, China 7% (2019)

Imports - commodities

packaged medicines, cars and vehicle parts, refined petroleum, delivery trucks, electricity (2019)

Reserves of foreign exchange and gold

$2.267 billion (31 December 2021 est.)
$1.311 billion (31 December 2020 est.)
$1.015 billion (31 December 2019 est.)

Debt - external

$48.656 billion (2019 est.)
$50.004 billion (2018 est.)

Exchange rates

euros (EUR) per US dollar -

Exchange rates:
0.845 (2021 est.)
0.876 (2020 est.)
0.893 (2019 est.)
0.847 (2018 est.)
0.885 (2017 est.)