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Economy

 

Since independence in 1991, Slovenia’s economic development has been very successful, making it one of the most thriving countries in transition. Especially during the period 1995–2008, economic growth in Slovenia was stable, reaching an average slightly above 4%. The Slovenian economy is open, and levels of internationalisation, measured by the average share of exports and imports in gross domestic product (GDP), have increased from 52% to 70% from 1995 to 2008. Economic growth was further enhanced by buoyant growth of private consumption and investment spending, which was most prominent in the year 1999.

 

Higher economic growth compared to the EU average has enabled a gradual decrease in Slovenia’s development lag. Thus in 2007, Slovenia reached 89.2% of the average GDP of the EU-27 per capita, expressed in terms of purchasing power, which corresponds to an increase of 14.8 percentage points compared to 1995. This placed Slovenia in 16th place in the EU.

 

Global financial and economic crisis has been influencing Slovenian economy markedly from late 2008 on.  In the 4th quarter of 2008 Sovenia faced the first decrease of the GDP after the 2nd quarter of 1993. 

 

In Slovenia the economic crisis has placed a mirror in front of us and (among other things) has made confront with all the urgently needed reforms.   

Main Important macroeconomic indices for Slovenia

/2006  /2007  /2008  /2009 /2010 /2011/

             

GROSS DOMESTIC PRODUCT (Real growth rates):  5,8 (2006), 6,9 (2007), 3,6 (2008), -8,0  (2009);  1,4 (2010); -0,2 (2011);

GDP per capita in EUR:  15.464 (2006); 17.120 (2007); 18.437 (2008); 17.295 (2009);  17.286 (2010); 17.361 (2011);

GDP per capita in US$:  19.396 (2006),  23.463 (2007), 27.117 (2008), 24.123 (2009),22.916 (2010), 24.167 (2011); 

Rate of unemployment by ILO in %:  6.0 (2006), 4.9 (2007), 4.4 (2008), 5.9 (2009); 7.3 (2010); 8.2 (2011), 8.9 (2012), 10.1 (2013);

Labour productivity (GDP per employee):  4.2 (2006), 3.4 (2007),  1.0 (2008), -6.3 (2009), 4.0 (2010), 1.6 (2011); 

Gross wage per employee (Real gross earnings growth in %):  2.2 (2006), 2.2 (2007), 2.5 (2008), 2.5 (2009), 2.1 (2010), 0.2 (2011);

Inflation (average in %): 2.5 (2006), 3.6 (2007), 5.7 (2008), 0.9 (2009), 1.8 (2010), 1.8 (2011), 2.6 (2012), 1.8 (2013), 0.2 (2014);

 

  

  

 


International trade-balance of payments statistics

 

Exports of goods and services- real1: 12.5 (2006),  13.8 (2007),  3.3 (2008), -17.2 (2009), 9.5 (2010)

Imports of goods and services- real1:  12.2 (2006),  15.7 (2007), 3.5 (2008),

-19.6 (2009), 7.2 (2010)

Current account balance in EUR m:  -771 (2006),  -1,455 (2007),  -2,180 (2008*)

 

External debt in EUR m:  24,067 (2006),  34,752 (2007),  39,096 (2008), 40.276 (2009), 40.897 (2010)

 

 

 

 

 

 


Final domestic demand - national accounts statistics

(share in GDP, in %)

 

Private consumption:  52.1 (2006),  51.6 (2007),  52.42 (2008), 55.0 (2009), 55.3 (2010), 56.0 (2011)

Government consumption:  18.8 (2006),  17.3 (2007), 18.1 (2008), 20,3 (2009), 20.8 (2010), 20.6 (2011)

Gross fixed capital formation:  26.5 (2006),  27.7 (2007),  28.8 (2008), 23,4 (2009), 21.6 (2010), 19.5 (2011)

 

 

 

 

 

 

 

 

 

 





Slovenia - member of the OECD


Brochure

 Economy - Market with a view (794 KB) (July 2010)