| Economy | Slovenia |
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Economy - overview:
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Slovenia, which on 1 January 2007 became the first 2004 European Union entrant to adopt the euro, is a model of economic success and stability for the region. 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. |
GDP (purchasing power parity):
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$59.14 billion (2008 est.)
$56.7 billion (2007)
$53.09 billion (2006)
note: data are in 2008 US dollars |
GDP - per capita (PPP):
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$29,500 (2008 est.)
$28,200 (2007 est.)
$26,400 (2006 est.)
note: data are in 2008 US dollars |
GDP (official exchange rate):
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$57.01 billion (2008 est.) |
GDP - real growth rate:
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4.3% (2008 est.)
6.8% (2007 est.)
5.9% (2006 est.) |
GDP - composition by sector:
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agriculture: 2.2%
industry: 34.2%
services: 63.6% (2008 est.) |
Investment (gross fixed):
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27.8% of GDP (2008 est.) |
Population below poverty line:
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12.9% (2004) |
Household income or consumption by percentage share:
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lowest 10%: 3.6%
highest 10%: 21.4% (1998) |
Distribution of family income - Gini index:
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24 (2005) |
Inflation rate (consumer prices):
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6% (2008 est.) |
Central bank discount rate:
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NA |
Commercial bank prime lending rate:
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6.82% (31 December 2007) |
Stock of money:
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$9.347 billion
note: this figure represents the US dollar value of tolars in circulation prior to Slovenia joining the Economic and Monetary Union (EMU); see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 16 members of the EMU; individual members of the EMU do not control the quantity of money and quasi money circulating within their own borders (31 December 2006) |
Stock of money - per capita:
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4,661 USD per capita |
Stock of quasi money:
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$12.69 billion (31 December 2006) |
Stock of quasi money - per capita:
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6,327 USD per capita |
Stock of domestic credit:
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NA |
Stock of domestic credit - per capita:
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void |
Labor force:
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920,000 (2008 est.) |
Labor force participation rate:
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45.87 % of population |
Labor force - by occupation:
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agriculture: 2.5%
industry: 36%
services: 61.5% (2007) |
Unemployment rate:
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6.7% (2008 est.) |
Budget:
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revenues: $23.16 billion
expenditures: $22.93 billion (2008 est.) |
Budget revenues per capita:
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11,548 USD per capita |
Public debt:
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22% of GDP (2008 est.) |
Industries:
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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:
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4.5% (2008 est.) |
Electricity - production:
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14.13 billion kWh (2007 est.) |
Electricity - production per capita:
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7,045 kWh per capita |
Electricity - consumption:
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13.4 billion kWh (2006 est.) |
Electricity - consumption - per capita:
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6,681 kWh per capita |
Electricity - exports:
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5.894 billion kWh (2007 est.) |
Electricity - imports:
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6.14 billion kWh (2007 est.) |
Oil - production:
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5 bbl/day (2007 est.) |
Oil - production per capita:
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3 bbl/day per capita |
Oil - consumption:
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54,310 bbl/day (2006 est.) |
Oil - consumption - per capita:
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9.88 bbl/year per capita |
Oil - exports:
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4,535 bbl/day (2005) |
Oil - imports:
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59,110 bbl/day (2005) |
Oil - proved reserves:
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0 bbl (1 January 2006 est.) |
Natural gas - production:
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4 million cu m (2006 est.) |
Natural gas - production per capita:
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2 cu m per capita |
Natural gas - consumption:
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1.105 billion cu m (2006 est.) |
Natural gas - consumption - per capita:
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551 cu m per capita |
Natural gas - exports:
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0 cu m (2007 est.) |
Natural gas - imports:
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1.073 billion cu m (2005) |
Natural gas - proved reserves:
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0 cu m (1 January 2006 est.) |
Agriculture - products:
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potatoes, hops, wheat, sugar beets, corn, grapes; cattle, sheep, poultry |
Current account balance:
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-$3.706 billion (2008 est.) |
Current account balance - per capita:
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-1,847 USD per capita |
Exports:
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$34.27 billion f.o.b. (2008 est.) |
Exports per capita:
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17,087 USD per capita |
Exports - commodities:
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manufactured goods, machinery and transport equipment, chemicals, food |
Exports - partners:
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Germany 18.7%, Italy 12.5%, Croatia 8%, Austria 7.5%, France 5.9%, Russia 4.4% (2007) |
Imports:
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$38.12 billion f.o.b. (2008 est.) |
Imports per capita:
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19,006 USD per capita |
Imports - commodities:
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machinery and transport equipment, manufactured goods, chemicals, fuels and lubricants, food |
Imports - partners:
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Germany 18.1%, Italy 17.1%, Austria 11.7%, France 5%, Croatia 4.6% (2007) |
Reserves of foreign exchange and gold:
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$8.912 billion (31 December 2008 est.) |
Reserves of foreign exchange and gold - per capita:
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4,444 USD per capita |
Debt - external:
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$40.42 billion (30 June 2007) |
Debt - external - per capita:
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20,153 USD per capita |
Stock of direct foreign investment - at home:
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$11.51 billion (2008 est.) |
Stock of direct foreign investment - at home - per capita:
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5,739 USD per capita |
Stock of direct foreign investment - abroad:
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$7.527 billion (2008 est.) |
Stock of direct foreign investment - abroad - per capita:
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3,753 USD per capita |
Market value of publicly traded shares:
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$28.96 billion (31 December 2007) |
Market value of publicly traded shares - per capita:
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14,439 USD per capita |
Economic aid - donor:
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void |
Economic aid - recipient:
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ODA, $484 million (2004-06) |
Economic aid - recipient per capita:
|
242 USD per capita |
Currency (code):
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euro (EUR)
note: on 1 January 2007, the euro became Slovenia's currency; both the tolar and the euro were in circulation from 1 January until 15 January 2007 |
Exchange rates:
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euros (EUR) per US dollar - 0.6827 (2008 est.), 0.7345 (2007)
note: Slovenia adopted the euro as its currency on 1 January 2007 |
Fiscal year:
|
calendar year |
|
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