Slovenia: Arms Open Wide To The West

Slovenia: Arms Open Wide To The West

Slovenia recognizes the importance of foreign direct investment (FDI) for its economy, according to the country’s Minister for Economic Development and Technology, and is working hard to draw interest from foreign investors. 

 
 
Source
Central bank

Bank of Slovenia

International Reserves

USD 2.27 billion (2021)
International Monetary Fund (IMF), data retrieved January 2022

Gross Domestic Product - GDP

USD 60.89 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

GDP (Purchasing Power Parity)

USD 90.91 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

Real GDP growth
2017 2018 2019 2020 2021*
4.8% 4.4% 3.3% –42% 6.3%

*Estimate

GDP per capita - current prices

USD 28,939.27 (2021 estimate)
IMF - World Economic Outlook, October 2021

GDP per capita - PPP

USD 43,206.36 (2021 estimate)
IMF - World Economic Outlook, October 2021

GDP (PPP) - share of world total

0.06% (2021 estimate)
IMF - World Economic Outlook, October 2021

 
 
Source
GDP - composition by sector
  • agriculture: 2.1% 
  • industry: 29.4% 
  • services: 56.9%

(2020 estimate)

Gross domestic expenditure on R&D; (% of GDP)

2.0% (2019)
OECD, retrieved January 2022

Inflation
2017 2018 2019 2020 2021*
4.8% 4.4% 3.3% –42% 6.3%

*Estimate

Unemployment rate
2017 2018 2019 2020 2021*
4.8% 4.4% 3.3% –42% 6.3%

*Estimate

Household saving rates

16.3% (2020)
OECD, retrieved January 2022

 

Public debt (General government gross debt as a % of GDP)
2017 2018 2019 2020 2021*
74.1% 70.3% 65.6% 79.8% 77.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2017 2018 2019 2020 2021*
2.1% 2.5% –1.9% –6.9% –5.8%

*Estimate

Government bond ratings

Standard & Poor's: AA–

Moody's: A3

Standard & Poor's / Moody's 

Market value of publicly traded shares

USD 8.4 billion (2020)
World Bank / Market capitalization

Largest companies

N/A

 
 
Source
Current account balance

USD 3.9 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

Current account balance by percentage of GDP

6.4% (2021 estimate)
IMF - World Economic Outlook, October 2021

Exports as percent of GDP (Exports of goods and services)

77.9% (2020)
World Bank - World Development Indicators (updated Feb 2022)

Shares in world total merchandising export

0.25% (2020)

Shares in world total commercial services export

0.2% (2020)

Total exports

USD 41.7 billion (2020 estimate)

Export commodities

Packaged medicines, cars and vehicle parts, refined petroleum, electrical lighting/signaling equipment, electricity (2019)

Total imports

USD 36.6 billion (2020 estimate)

 
 
Source
Import commodities

Packaged medicines, cars and vehicle parts, refined petroleum, delivery trucks, electricity (2019)

Exports - major partners

Germany 18%, Italy 11%, Croatia 8%, Austria 7%, France 5%, Switzerland 5% (2019)

Imports - major partners

Germany 14%, Italy 12%, Austria 8%, Switzerland 8%, China 7% (2019)

FDI inflows
2019 2020 2021
USD 1.4 billion USD 1.2 billion USD 529 million
FDI outflows
2019 2020 2021
USD 281 million USD 389 million USD 555 million
Value of cross-border M&A, by country of purchaser
N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

(for a monthly update on M&A; click here )

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

(for a monthly update on M&A; click here )

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

37 out of 190 countries

​Subcategories:

Starting a Business: 41 out of 190 countries
Dealing with Construction Permits: 119 out of 190 countries
Getting Electricity: 23 out of 190 countries
Registering Property: 54 out of 190 countries
Getting Credit: 119 out of 190 countries
Protecting Minority Investors: 18 out of 190 countries
Paying Taxes: 45 out of 190 countries
Trading across Borders: 1 out of 190 countries
Enforcing Contracts: 112 out of 190 countries
Resolving Insolvency: 8 out of 190 countries
World Bank - Doing Business 2020

Global competitiveness ranking

60 out of 141 (2019)
World Economic Forum / Global competitiveness ranking

Index of Economic Freedom

Ranking: 32 / Score: 70.5 (Mostly Free)
The Heritage Foundation - 2022 Index of Economic Freedom

 
 
Source
Time zone

UTC+1

Total area

20,273 sq km

Capital

Ljubljana 

Currency

Euros (EUR) 

Government type

Parliamentary republic

Languages

Slovenian (official) 91.1%, Serbo-Croatian 4.5%, other or unspecified 4.4%, Italian (official, only in municipalities where Italian national communities reside), Hungarian (official, only in municipalities where Hungarian national communities reside)

Religions

Catholic 57.8%, Muslim 2.4%, Orthodox 2.3%, other Christian 0.9%, unaffiliated 3.5%, other or unspecified 23%, none 10.1% (2002 census)

Total population
1990 2000 2010 2015 2020*
N/A 1.99 million 2.05 million 2.06 million 2.07 million

*Estimate  

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
28.2% 48%

50.8%

54.5%
Population median age

44.2 years 

Population growth rate

0.03% (2018 estimate)

Life expectancy

81.2 years (2018 estimate)

Literacy

Total population: 99.7% 
Male: 99.7% 
Female: 99.7%
Definition: na (2015 est.)

% of population living on less than $3.10 a day

0% (last available estimate, 2015)

Inequality of wealth distribution (Gini index)

25.4 (last available estimate, 2015)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed: 33.4% Mobile: 118.7% (2018)

(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

79.75 % (2018)

Mercer Cost of living index

Ljubljana: 142nd (2019)

CO2 emissions

6.21 metric tons per capita (2014)

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