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Slovenia Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Slovenia Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 23,

Economy - overview:
Slovenia became the first 2004 European Union entrant to adopt the euro (on 1 January 2007) and has experienced one of the most stable political and economic transitions in Central and Southeastern Europe. 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 8%, and unemployment to rise. Although growth resumed in 2010, the unemployment rate continued to rise, approaching 11% in 2011.

GDP (purchasing power parity):
$58.56 billion (2011 est.)
country comparison to the world: 89

$57.92 billion (2010 est.)
$57.12 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$52.4 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
1.1% (2011 est.)
country comparison to the world: 184

1.4% (2010 est.)
-8% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$29,100 (2011 est.)
country comparison to the world: 46

$28,600 (2010 est.)
$28,300 (2009 est.)
note: data are in 2011 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: 31.4%
[see also: GDP - composition by sector - industry country ranks ]
services: 66.2% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
938,700 (2011 est.)
country comparison to the world: 143
[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:
10.8% (2011 est.)
country comparison to the world: 116

10.7% (2010 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: 123

23.8 (2004)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
23.4% of GDP (2011 est.)
country comparison to the world: 76
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $21.53 billion
[see also: Budget revenues country ranks ]
expenditures: $24.2 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
41.1% of GDP (2011 est.)
country comparison to the world: 37
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-5.1% of GDP (2011 est.)
country comparison to the world: 151
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
45.5% of GDP (2011 est.)
country comparison to the world: 62

38.8% of GDP (2010 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
1.9% (2011 est.)
country comparison to the world: 16

1.8% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
1.75% (31 December 2010)
country comparison to the world: 124

1.75% (31 December 2009)
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:
5.9% (31 December 2011 est.)
country comparison to the world: 150

5.681% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$11.95 billion (31 December 2011 est.)
country comparison to the world: 71

$11.28 billion (31 December 2010 est.)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 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:
$27.52 billion (31 December 2011 est.)
country comparison to the world: 79

$25.57 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$55.32 billion (31 December 2011 est.)
country comparison to the world: 63

$50.74 billion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$9.428 billion (31 December 2010)
country comparison to the world: 66

$11.77 billion (31 December 2009)
$11.77 billion (31 December 2008)
[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:
4.5% (2011 est.)
country comparison to the world: 77
[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: 77
[see also: Electricity - consumption country ranks ]

Electricity - exports:
9.197 billion kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
3.041 billion kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
5 bbl/day (2010 est.)
country comparison to the world: 125
[see also: Oil - production country ranks ]

Oil - consumption:
63,000 bbl/day (2010 est.)
country comparison to the world: 92
[see also: Oil - consumption country ranks ]

Oil - exports:
8,958 bbl/day (2009 est.)
country comparison to the world: 96
[see also: Oil - exports country ranks ]

Oil - imports:
60,270 bbl/day (2009 est.)
country comparison to the world: 83
[see also: Oil - imports country ranks ]

Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 122
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
890 million cu m (2009 est.)
country comparison to the world: 90
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 177
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
890 million cu m (2009 est.)
country comparison to the world: 62
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2011 est.)
country comparison to the world: 189
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$764.9 million (2011 est.)
country comparison to the world: 118

-$394.3 million (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$28.96 billion (2011 est.)
country comparison to the world: 63

$24.39 billion (2010 est.)
[see also: Exports country ranks ]

Exports - commodities:
manufactured goods, machinery and transport equipment, chemicals, food

Exports - partners:
Germany 19.2%, Italy 12.5%, Austria 7.4%, France 6.8%, Croatia 6.4%, Hungary 4.4% (2010)

Imports:
$31.09 billion (2011 est.)
country comparison to the world: 63

$25.99 billion (2010 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery and transport equipment, manufactured goods, chemicals, fuels and lubricants, food

Imports - partners:
Germany 16.2%, Italy 15.5%, Austria 10.6%, France 4.8%, Croatia 4.6%, China 4.1% (2010)

Reserves of foreign exchange and gold:
$1.248 billion (31 December 2011 est.)
country comparison to the world: 129

$1.108 billion (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$61.23 billion (30 June 2011)
country comparison to the world: 54

$51.57 billion (30 June 2010)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$15.92 billion (31 December 2011 est.)
country comparison to the world: 74

$15.02 billion (31 December 2010 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$8.503 billion (31 December 2011 est.)
country comparison to the world: 53

$7.603 billion (31 December 2010 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
euros (EUR) per US dollar -

0.7107 (2011 est.)
0.755 (2010 est.)
0.7198 (2009 est.)
0.6827 (2008 est.)
0.7345 (2007 est.)


NOTE: 1) The information regarding Slovenia on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Slovenia Economy 2012 information contained here. All suggestions for corrections of any errors about Slovenia Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 07-Mar-12
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