| People | Slovenia |
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Economy - overview:
|
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):
|
$54.67 billion (2007 est.) |
GDP (official exchange rate):
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$46.08 billion (2007 est.) |
GDP - real growth rate:
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6.1% (2007 est.) |
GDP - per capita (PPP):
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$27,200 (2007 est.) |
GDP - composition by sector:
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agriculture: 2%
industry: 34.4%
services: 63.5% (2007 est.) |
Investment (gross fixed):
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28.7% of GDP (2007 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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3.6% (2007 est.) |
Labor force:
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925,000 (2007 est.) |
Labor force participation rate:
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46.07 % 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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4.8% (2007 est.) |
Budget:
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revenues: $19.17 billion
expenditures: $19.04 billion (2007 est.) |
Budget revenues per capita:
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9,549 USD per capita |
Public debt:
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24.1% of GDP (2007 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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10.1% (2007 est.) |
Electricity - production:
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14.9 billion kWh (2006) |
Electricity - production per capita:
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7,422 kWh per capita |
Electricity - consumption:
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13.71 billion kWh (2006) |
Electricity - consumption - per capita:
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6,829 kWh per capita |
Electricity - exports:
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4.8 billion kWh (2006) |
Electricity - imports:
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4.07 billion kWh (2006) |
Oil - production:
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5 bbl/day (2005 est.) |
Oil - production per capita:
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3 bbl/day per capita |
Oil - consumption:
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54,000 bbl/day (2005 est.) |
Oil - consumption - per capita:
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9.82 bbl/year per capita |
Oil - exports:
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2,276 bbl/day (2004) |
Oil - imports:
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55,880 bbl/day (2004) |
Oil - proved reserves:
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0 bbl (1 January 2006 est.) |
Natural gas - production:
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4.795 million cu m (2005 est.) |
Natural gas - production per capita:
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3 cu m per capita |
Natural gas - consumption:
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1.078 billion cu m (2005 est.) |
Natural gas - consumption - per capita:
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537 cu m per capita |
Natural gas - exports:
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0 cu m (2005 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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-$2.222 billion (2007 est.) |
Current account balance - per capita:
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-1,106 USD per capita |
Exports:
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$27.01 billion f.o.b. (2007 est.) |
Exports per capita:
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13,454 USD per capita |
Exports - commodities:
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manufactured goods, machinery and transport equipment, chemicals, food |
Exports - partners:
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Germany 18.8%, Italy 12.5%, Croatia 8%, Austria 7.4%, France 5.9%, Russia 4.4% (2006) |
Imports:
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$29.28 billion f.o.b. (2007 est.) |
Imports per capita:
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14,584 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% (2006) |
Reserves of foreign exchange and gold:
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$5.643 billion (30 September 2007 est.) |
Reserves of foreign exchange and gold - per capita:
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2,811 USD per capita |
Debt - external:
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$40.42 billion (30 June 2007) |
Debt - external - per capita:
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20,133 USD per capita |
Stock of direct foreign investment - at home:
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$8.19 billion (2007 est.) |
Stock of direct foreign investment - abroad:
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$4.903 billion (2007 est.) |
Market value of publicly traded shares:
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$15.18 billion (2006) |
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:
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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 per US dollar - 0.7345 (2007), tolars per US dollar - 190.85 (2006), 192.71 (2005), 192.38 (2004), 207.11 (2003)
note: Slovenia adopted the euro as its currency on 1 January 2007 |
Fiscal year:
|
calendar year |
|
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