Page last updated on January 13, 2011
Economy - overview:
Slovenia became the first 2004 European Union entrant to adopt the euro (on 1 January 2007) and has become a model of economic success and stability for the region. With the highest per capita GDP in Central Europe, Slovenia has excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe. Privatization has lagged since 2002, and the economy has one of highest levels of state control in the EU. Structural reforms to improve the business environment have allowed for somewhat greater foreign participation in Slovenia's economy and have helped to lower unemployment. In March 2004, Slovenia became the first transition country to graduate from borrower status to donor partner at the World Bank. In December 2007, Slovenia was invited to begin the accession process for joining the OECD. Despite its economic success, foreign direct investment (FDI) in Slovenia has lagged behind the region average, and taxes remain relatively high. Furthermore, the labor market is often seen as inflexible, and legacy industries are losing sales to more competitive firms in China, India, and elsewhere. In 2009, the world recession caused the economy to contract - through falling exports and industrial production - by more than 8%, and unemployment to rise above 9%. Although growth resumed in 2010, the unemployment rate continued to rise, topping 10%.
GDP (purchasing power parity):
$56.81 billion (2010 est.)
country comparison to the world: 88
$56.24 billion (2009 est.)
$61.2 billion (2008 est.)
note:
data are in 2010 US dollars
[see also:
GDP (purchasing power parity) country ranks ]
GDP (official exchange rate):
$46.44 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
GDP - real growth rate:
1% (2010 est.)
country comparison to the world: 181
-8.1% (2009 est.)
3.7% (2008 est.)
[see also:
GDP - real growth rate country ranks ]
GDP - per capita:
$28,400 (2010 est.)
country comparison to the world: 50
$28,000 (2009 est.)
$30,500 (2008 est.)
note:
data are in 2010 US dollars
[see also:
GDP - per capita country ranks ]
GDP - composition by sector:
agriculture: 2.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
31%
[see also: GDP - composition by sector - industry country ranks ]
services:
66.6% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]
Labor force:
930,000 (2009 est.)
country comparison to the world: 144
[see also: Labor force country ranks ]
Labor force - by occupation:
agriculture: 2.2%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
35%
[see also: Labor force - by occupation - industry country ranks ]
services:
62.8% (2009)
[see also: Labor force - by occupation - services country ranks ]
Unemployment rate:
10.6% (2010 est.)
country comparison to the world: 115
9.2% (2009 est.)
[see also:
Unemployment rate country ranks ]
Population below poverty line:
12.3% (2008)
[see also: Population below poverty line country ranks ]
Household income or consumption by percentage share:
lowest 10%: 3.4%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
24.6% (2004)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
Distribution of family income - Gini index:
28.4 (2008)
country comparison to the world: 120
23.8 (2004)
[see also:
Distribution of family income - Gini index country ranks ]
Investment (gross fixed):
18.7% of GDP (2009 est.)
country comparison to the world: 101
[see also: Investment (gross fixed) country ranks ]
Budget:
revenues: $22.56 billion
[see also: Budget - revenues country ranks ]
expenditures:
$25.53 billion (2009 est.)
[see also: Budget - expenditures country ranks ]
Public debt:
35.5% of GDP (2010 est.)
country comparison to the world: 82
31.3% of GDP (2009 est.)
[see also:
Public debt country ranks ]
Inflation rate (consumer prices):
2.1% (2010 est.)
country comparison to the world: 60
0.9% (2009 est.)
[see also:
Inflation rate (consumer prices) country ranks ]
Central bank discount rate:
1.75% (31 December 2009)
country comparison to the world: 123
3% (31 December 2008)
note:
this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area
[see also:
Central bank discount rate country ranks ]
Commercial bank prime lending rate:
5.47% (31 December 2009 est.)
country comparison to the world: 123
7.41% (31 December 2008 est.)
[see also:
Commercial bank prime lending rate country ranks ]
Stock of narrow money:
$10.47 billion (31 December 2010 est)
$10.33 billion (31 December 2009 est)
note:
the figure for 2006 represents the US dollar value of tolars in circulation prior to Slovenia joining the Economic and Monetary Union (EMU); see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 16 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
[see also:
Stock of narrow money country ranks ]
Stock of broad money:
$24.03 billion (31 December 2010 est.)
$25.65 billion (31 December 2009 est.)
[see also:
Stock of broad money country ranks ]
Stock of domestic credit:
$52.67 billion (31 December 2009 est.)
country comparison to the world: 63
$50.46 billion (31 December 2008 est.)
[see also:
Stock of domestic credit country ranks ]
Market value of publicly traded shares:
$11.77 billion (31 December 2009)
country comparison to the world: 60
$22.1 billion (31 December 2008)
$28.96 billion (31 December 2007)
[see also:
Market value of publicly traded shares country ranks ]
Agriculture - products:
potatoes, hops, wheat, sugar beets, corn, grapes; 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:
1% (2009 est.)
country comparison to the world: 148
[see also: Industrial production growth rate country ranks ]
Electricity - production:
13 billion kWh (2009 est.)
country comparison to the world: 84
[see also: Electricity - production country ranks ]
Electricity - consumption:
14.7 billion kWh (2009 est.)
country comparison to the world: 76
[see also: Electricity - consumption country ranks ]
Electricity - exports:
7.82 billion kWh (2008 est.)
[see also: Electricity - exports country ranks ]
Electricity - imports:
6.218 billion kWh (2008 est.)
[see also: Electricity - imports country ranks ]
Oil - production:
5 bbl/day (2009 est.)
country comparison to the world: 114
[see also: Oil - production country ranks ]
Oil - consumption:
60,000 bbl/day (2009 est.)
country comparison to the world: 92
[see also: Oil - consumption country ranks ]
Oil - exports:
0 bbl/day (2009 est.)
country comparison to the world: 175
[see also: Oil - exports country ranks ]
Oil - imports:
57,000 bbl/day (2009 est.)
country comparison to the world: 82
[see also: Oil - imports country ranks ]
Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 121
[see also: Oil - proved reserves country ranks ]
Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 129
[see also: Natural gas - production country ranks ]
Natural gas - consumption:
1.05 billion cu m (2009 est.)
country comparison to the world: 89
[see also: Natural gas - consumption country ranks ]
Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 124
[see also: Natural gas - exports country ranks ]
Natural gas - imports:
1.05 billion cu m (2009 est.)
country comparison to the world: 55
[see also: Natural gas - imports country ranks ]
Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 133
[see also: Natural gas - proved reserves country ranks ]
Current account balance:
-$598 million (2010 est.)
country comparison to the world: 122
