Slovenia Economy

Is Slovenia a rich country?

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.

Slovenia Economy Data

What is the GDP of Slovenia?

Currency Name and Code Euro (EUR)
GDP - Gross Domestic Product (PPP) $61,560,000,000 (USD)
GDP - official exchange rate $42,740,000,000 (USD)
GDP - real growth rate 2.3%
GDP Per Capita $30,900.00 (USD)
GDP by Sector- agriculture 2.2%
GDP by Sector- Industry 33.4%
GDP by Sector- services 64.4%
GDP - composition, by end use household consumption: 53.6%

government consumption: 18.8%

investment in fixed capital: 20.2%

investment in inventories: 0.5%

exports of goods and services: 82.6%

imports of goods and services: -75.7%
Population Below Poverty Line 12.3%
Inflation Rate 2.1%
Labor Force 930,000
Labor Force By Occupation- agriculture 2.2%
Labor Force By Occupation- industry 35%
Labor Force By Occupation- services 62.8%
Unemployment Rate 10.6%
Fiscal Year calendar year
Annual Budget $22,560,000,000 (USD)
Budget Surplus or Deficit - percent of GDP -4.4%
Public Debt (% of GDP) 29.9%
Taxes and other revenues - percent of GDP 41.8%
Major Industries ferrous metallurgy and aluminum products, lead and zinc smelting, electronics (including military electronics), trucks, electric power equipment, wood products, textiles, chemicals, machine tools
Industrial Growth Rate 1%
Agriculture Products potatoes, hops, wheat, sugar beets, corn, grapes; cattle, sheep, poultry
Exchange Rate per US Dollar euro (EUR)
Commercial Bank Prime Lending Rate 5.7%

Labor Force by Occupation- As reported by Slovenia

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