An Overview of the Economy
Slovenia is now a developed country offering a stable economy
and boasts a higher GDP per capita than several other European
countries. The country's labour market has often been described as
inflexible but it does consist of a well educated and productive
workforce. Slovenia joined the Euro zone on 1st January 2007 and as
a result adopted the Euro, the first of all the 2004 entrants.
Slovenia is a country that demonstrates economic success by
maintaining moderate growth within the economy and in 2004 moved
from borrower to donor status in the World Bank.
| statistics |
|
| GDP (PPP) (IMF) (US$Billions) |
54.7 |
| GDP (PPP) (CIA) (US$Billions) |
54.7 |
| GDP Growth (IMF) (%) |
6.1% |
| GDP Growth (CIA) (%) |
6.1% |
| GDP Per Capita (PPP) (IMF) (US$) |
27,205 |
| GDP Per Capita (PPP) (CIA) (US$) |
27,200 |
| GDP by Sector (%) |
Agriculture: 2%
Services: 63.5%
Industry: 34.4% |
| Inflation (%) |
3.6% |
| Population Below the Poverty Line (%) |
12.9% |
| Labour Force (Millions) |
925,000 |
| Labour Force by Occupation (%) |
Agriculture: 2.5%
Services: 61.5%
Industry: 36% |
| Unemployment (%) |
4.8% |
| Main Industries |
Ferrous metallurgy and aluminium products, lead and
zinc smelting, electronics, trucks, automobiles, electric
power equipment, wood products, textiles, chemicals,
machine tools. |
Source: CIA World Factbook, IMF
GDP
| economic indicators |
2003 |
2004 |
2005 |
2006 |
2007 |
| GDP (US$Billions) |
29.4 |
33.4 |
35.2 |
38.2 |
46.1 |
| GDP Growth (%) |
2.8% |
4.4% |
4.2% |
5.7% |
6.1% |
| GDP Per Capita (US$) |
14,707 |
16,706 |
17,559 |
19,021 |
22,933 |
| GDP Per Capita (PPP) (US$) |
20,515 |
21,508 |
22,977 |
24,971 |
27,205 |
| Inflation (%) |
5.6% |
3.6% |
2.5% |
2.5% |
3.6% |
| Unemployment (%) |
6.7% |
6.3% |
6.5% |
5.9% |
4.8% |
| Mobile Phone Users |
1,000,000 |
1,739,100 |
1,739,100 |
1,759,000 |
1,820,000 |
| Internet Users |
600,000 |
750,000 |
750,000 |
1,090,000 |
1,251,000 |
Source: IMF, CIA World Factbook
Major Exports & Imports
Slovenia is a market that has only just stabilised itself
therefore the country is only now starting to enjoy its returns on
trade, two thirds of which is with other EU countries. The economy
as a whole depends on imports and exports to continue growing.
Major Exports 2007
Manufactured goods, machinery and transport equipment,
chemicals, food.
Major Imports 2007
Machinery and transport equipment, manufactured goods,
chemicals, fuel and lubricants.
| Export partners 2007 |
% of total |
| Germany |
19.2% |
| Italy |
12.5% |
| Croatia |
8.8% |
| Austria |
8.5% |
| France |
6.3% |
| Russia |
4.2% |
| Import partners 2007 |
% of total |
| Germany |
19.5% |
| Italy |
17.8% |
| Austria |
11.7% |
| France |
5.9% |
| Croatia |
4.6% |
Source: CIA World Factbook
Top