Slovenia

Economics, Political, and Trade Overview

Source: Feb 10, 2022 Economist Intelligence Unit

Slovenia - In Short.

Overview of Slovenia

The Slovene lands were part of the Austro-Hungarian Empire until the latter’s dissolution at the end of World War I. In 1918, the Slovenes joined the Serbs and Croats in forming a new multinational state, which was named Yugoslavia in 1929. After World War II, Slovenia was one of the republics in the restored Yugoslavia, which, though communist, soon distanced itself from the Soviet Union and spearheaded the Non-Aligned Movement. Dissatisfied with the exercise of power by the majority Serbs, the Slovenes succeeded in establishing their independence in 1991 after a short 10-day war. Historical ties to Western Europe, a growing economy, and a stable democracy have assisted in Slovenia’s postcommunist transition. Slovenia acceded to both NATO and the EU in the spring of 2004; it joined the euro zone and the Schengen zone in 2007.
Value
Country Full Name
Slovenia
Country Code
SVN
Region
Europe & Central Asia
Income Group
High income
Currency Unit
GDP
53589609581
Population
2102419
Land Area
20136.4
Net National Income Per Capita
20263.14226
GDP per Capita (PPP)
39725.25919

2020 GDP Growth Rate (Current USD)

2020 GDP Per Capita (Current USD)

2020 Urbanization Rate (%)

2020 Total Fertility Rate (Birth Per Woman)

Doing Business Score (100= Most Friendly)

Slovenia - Economic

Economy of Slovenia

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.

Unemployment Rate

Inflation Rate

Slovenia - GDP Composition

GDP Composiiton & Value Added of Slovenia

Last Updated: Jan, 2021, Updated For 2020.

Slovenia - GDP, Value Added

Demographics of Slovenia

a fairly even distribution throughout most of the country, with urban areas attracting larger and denser populations; pockets in the mountainous northwest exhibit less density than elsewhere
Geographic Location

south Central Europe, Julian Alps between Austria and Croatia

Races

Slovene 83.1%, Serb 2%, Croat 1.8%, Bosniak 1.1%, other or unspecified 12% (2002 est.)

Languages

Slovene (official) 87.7%, Croatian 2.8%, Serbo-Croatian 1.8%, Bosnian 1.6%, Serbian 1.6%, Hungarian 0.4% (official, only in municipalities where Hungarian national communities reside), Italian 0.2% (official, only in municipalities where Italian national communities reside), other or unspecified 3.9% (2002 est.)major-language

Religion

Catholic 57.8%, Muslim 2.4%, Orthodox 2.3%, other Christian 1%, unaffiliated 3.5%, no response or unspecified 22.8%, none 10.1% (2002 est.)

Dependency & Expectancy of Slovenia

Last Updated: Jan, 2021

Dependency Ratio

Expectancy

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Slovenia - Social Media Briefing

Slovenia - Social Media & Social Commerce

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Politics & Policies of Slovenia

2021 Policies Overview

Updated Coming in March 2021 after our team finish summarizing countries policy.

International Organizations

Australia Group, BIS, CD, CE, CEI, EAPC, EBRD, ECB, EIB, EMU, ESA (cooperating state), EU, FAO, IADB, IAEA, IBRD, ICAO, ICC (national committees), ICCt, ICRM, IDA, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITU, MIGA, NATO, NEA, NSG, OAS (observer), OECD, OIF (observer), OPCW, OSCE, PCA, Schengen Convention, SELEC, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, UNTSO, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO, ZC

Import of Slovenia

Export of Slovenia

Import Destination

Export Destination