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Slovenia

 Flag of Slovenia
Last reviewed: 29 September 2009

Country information

ECONOMY



  2007
facts
 2008
facts
 2009
projections*
 2010
projections*
  2011
projections*
GDP per capita (EUR)
  22,200  23,100  -  -  -
 GDP growth (% year -on-year)
  6.8  3.5  -4.0  1.0  2.7
 Gross externeal debt
  • million EUR
  • % of GDP
 34,752
100.8
  
38,997
105.0
 37,596
-
    
 Inflation (year average, %)
  3.6  5.7  0.4  1.6  2.6
 Registered unemployment (%)
  7.7  6.7  8.9  10.3  10.2












*Source: Institute of Macroeconomic Analysis and Development, Slovenian Economic Mirror, June 2009

Services are the most important element of Slovenia’s GDP structure, accounting for 60% of GDP, while 31% of GDP is generated by industry, 6% by construction and 3% by agriculture.  The main exports are manufactured goods, machinery and transport equipment, chemicals and food.  The main imports are steel and steel products, petroleum oils/gases, cars, automotive parts and pharmaceuticals. Slovenia’s major trade partners are Germany (40%), Italy, Austria, Croatia, and France.

With GDP per capita at 90% of the EU average, Slovenia ranks highest among the 10 countries that joined the EU in 2004.  Despite its economic success, foreign direct investment in Slovenia has lagged behind the regional average, and taxes remain high. The labour market is highly skilled but seen as a bit inflexible.  Slovenia is close to completing the accession process for OECD membership.

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