Economy of Slovenia

Economy of Slovenia
	The city of Ljubljana is the capital and financial centre of Slovenia.
Currency	Euro (EUR, €)
Fiscal year	1 January – 31 December
Trade organisations	EU, WTO, OECD
Country group	Developed/Advanced; High-income economy;
Statistics
Population	2,120,547 (February 2024)
GDP	$73.86 billion (nominal, 2024); $111 billion (PPP, 2023);
GDP rank	87th (nominal, 2023); 94th (PPP, 2023);
GDP growth	5.4% (2022); 1.6% (2023f); 2.1% (2024f);
GDP per capita	$34,839 (nominal, 2024); $51,407 (PPP, 2023);
GDP per capita rank	34th (nominal, 2023); 35th (PPP, 2023);
GDP by sector	agriculture: 1.8%; industry: 32.2%; services: 65.9%; (2017 est.);
Inflation (CPI)	2.0% (2021 est.); -0.3% (2020 est.); 1.6% (2019);
Population below poverty line	14.4% at risk of poverty (2019); 14.4% at risk of poverty or social exclusion (2019);
Gini coefficient	23.9 low (2019)
Human Development Index	0.918 very high (2021) (23rd); 0.878 very high IHDI (9th) (2021);
Labour force	1,083,800 (2022); 75.4% employment rate (Target: 75%; 2018);
Labour force by occupation	agriculture: 5.5%; industry: 31.2%; services: 63.3%; (2017 est.);
Unemployment	4.5% (November 2021); 11.2% youth unemployment (15 to 24 year-olds; June 2020);
Average gross salary	€2,427 / $2,639 monthly (November 2023)
Average net salary	€1,594 / $1,733 monthly (November 2023)
Main industries	ferrous metallurgy and aluminum products, lead and zinc smelting; electronics (including military electronics), trucks, automobiles, electric power equipment, wood products, textiles, chemicals, pharmaceuticals, machine tools
External
Exports	€52.9 billion (2022)
Export goods	manufactured goods, machinery and transport equipment, chemicals, food
Main export partners	Switzerland(+) 21%; Germany(+) 14%; Italy(+) 11%; Croatia(+) 8%; Austria(+) 7%; France(+) 3%; (2020);
Imports	€56.8 billion (2022)
Import goods	machinery and transport equipment, manufactured goods, chemicals, fuels and lubricants, food
Main import partners	Switzerland(+) 15%; Germany(+) 13%; Italy(+) 12%; China(+) 9%; Austria(+) 8%; Croatia(+) 5%; (2020);
FDI stock	$19.23 billion (31 December 2017 est.); Abroad: $9.914 billion (31 December 2017 est.);
Current account	$3.475 billion (2017 est.)
Gross external debt	$46.3 billion (31 January 2017 est.)
Public finances
Government debt	74.7% of GDP (2022); €38.857 billion (2022);
Budget balance	€260 million surplus (2019); +0.5% of GDP (2019);
Revenues	44.2% of GDP (2019)
Expenses	43.7% of GDP (2019)
Economic aid	€4.2 billion from European Structural and Investment Funds (2007–2013); €3.87 billion from European Structural and Investment Funds (2014–2020);
Credit rating	Standard & Poor's: AA− (stable); Moody's: Baa1 (Positive); Fitch: A (stable); Scope: A (stable);
Foreign reserves	$889.9 million (31 December 2017 est.)
	; All values, unless otherwise stated, are in US dollars.

The economy of Slovenia is a developed economy, and the country enjoys a high level of prosperity and stability as well as above-average GDP per capita by purchasing power parity at 92% of the EU average in 2022. The nominal GDP in 2023 is 68.108 billion USD, nominal GDP per capita (GDP/pc) in 2023 is USD 32,350. The highest GDP/pc is in central Slovenia, where the capital city Ljubljana is located. It is part of the Western Slovenia statistical region, which has a higher GDP/pc than eastern Slovenia.

In January 2007, Slovenia became the first member to have both joined the European Union and adopted the euro, and the first ex-Yugoslav republic to join the eurozone. It has also been a member of the Organisation for Economic Co-operation and Development since 2010.

Slovenia has a highly educated workforce, well-developed infrastructure, and is situated at a major transport crossroads. The level of foreign direct investment is one of the lowest but has been steadily rising in the last few years. The Slovenian economy has been affected by the European economic crisis, which occurred in the late 2000s. After 2013, GDP per capita began rising again. Almost two-thirds of the working population is employed in services.

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