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Travel & Tourism . Tourist Guide to the Country

Slovenia Economy

Slovenia    Economy Top of Page
Economy - overview: Although Slovenia enjoys one of the highest GDPs per capita among the transition economies of Central Europe, it needs to speed up the privatization process and the dismantling of restrictions on foreign investment. About 45% of the economy remains in state hands, and the level of foreign direct investment inflows as a percent of GDP is the lowest in the region. Analysts are predicting between 4.0% and 4.2% growth for 2001. Export growth is expected to slow in 2001 and 2002 as EU markets soften. Inflation rose from 6.1% to 8.9% in 2000 and remains a matter of concern.
GDP: purchasing power parity - $22.9 billion (2000 est.)
GDP - real growth rate: 4.5% (2000 est.)
GDP - per capita: purchasing power parity - $12,000 (2000 est.)
GDP - composition by sector: agriculture:  4%

industry:  35%

services:  61% (1999 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%:  3.2%

highest 10%:  20.7% (1995)
Inflation rate (consumer prices): 8.9% (2000 est.)
Labor force: 857,400
Labor force - by occupation: agriculture NA%, industry NA%, services NA%
Unemployment rate: 7.1% (1997 est.)
Budget: revenues:  $8.11 billion

expenditures:  $8.32 billion, including capital expenditures of $NA (1997 est.)
Industries: ferrous metallurgy and rolling mill products, aluminum reduction and rolled products, lead and zinc smelting, electronics (including military electronics), trucks, electric power equipment, wood products, textiles, chemicals, machine tools
Industrial production growth rate: 6.2% (2000)
Electricity - production: 12.451 billion kWh (1999)
Electricity - production by source: fossil fuel:  34.44%

hydro:  29.58%

nuclear:  35.98%

other:  0% (1999)
Electricity - consumption: 10.024 billion kWh (1999)
Electricity - exports: 2.2 billion kWh (1999)
Electricity - imports: 645 million kWh (1999)
Agriculture - products: potatoes, hops, wheat, sugar beets, corn, grapes; cattle, sheep, poultry
Exports: $8.9 billion (f.o.b., 2000)
Exports - commodities: manufactured goods, machinery and transport equipment, chemicals, food
Exports - partners: Germany 31%, Italy 14%, Croatia 8%, Austria 7%, France 6% (1999)
Imports: $9.9 billion (f.o.b., 2000)
Imports - commodities: machinery and transport equipment, manufactured goods, chemicals, fuels and lubricants, food
Imports - partners: Germany 21%, Italy 17%, France 11%, Austria 8%, Croatia 4%, Hungary, Russia (1999)
Debt - external: $6.2 billion (2000)
Economic aid - recipient: ODA, $5 million (1993)
Currency: tolar (SIT)
Currency code: SIT
Exchange rates: tolars per US dollar - 225.93 (January 2001), 222.66 (2000), 181.77 (1999), 166.13 (1998), 159.69 (1997), 135.36 (1996)
Fiscal year: calendar year


Countryfacts Information Courtesy: CIA Worldbook

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