Economy Of Slovenia
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Economy overview
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Slovenia, with its historical ties to Western Europe, enjoys a GDP per capita substantially higher than that of the other transitioning economies of Central Europe. In March 2004, Slovenia became the first transition country to graduate from borrower status to donor partner at the World Bank. Privatization of the economy proceeded at an accelerated pace in 2002-03, and the budget deficit dropped from 3.0% of GDP in 2002 to 1.6% in 2003. Despite the economic slowdown in Europe in 2001-03, Slovenia maintained 3% growth. Structural reforms to improve the business environment allow for greater foreign participation in Slovenia's economy and help to lower unemployment. Further measures to curb inflation are also needed. Corruption and the high degree of coordination between government, business, and central bank policy are issues of concern in the run-up to Slovenia's scheduled 1 May 2004 accession to the European Union.
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GDP
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purchasing power parity - $36.82 billion (2004 est.)
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GDP - real growth rate
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2.3% (2004 est.)
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GDP - per capita
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purchasing power parity - $19,000 (2004 est.)
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GDP - composition by sector
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agriculture: 3%
industry: 39.7%
services: 57.3% (2004 est.)
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Investment gross fixed
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23.3% of GDP (2004 est.)
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Population below poverty line
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NA
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Household income or consumption by percentage share
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lowest 10%: 3.9%
highest 10%: 23% (1998)
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Distribution of family income - Gini index
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28.4 (1998)
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Inflation rate consumer prices
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5.6% (2004 est.)
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Labor force
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875,000 (2004 est.)
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Labor force by occupation
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agriculture NA, industry NA, services NA
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Unemployment rate
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11.2% (2004 est.)
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Budget
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revenues: $11.46 billion
expenditures: $11.85 billion, including capital expenditures of NA (2004 est.)
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Public debt
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31.9% of GDP (2004 est.)
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Agriculture products
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potatoes, hops, wheat, sugar beets, corn, grapes; cattle, sheep, poultry
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Industries
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ferrous metallurgy and aluminum products, lead and zinc smelting, electronics (including military electronics), trucks, electric power equipment, wood products, textiles, chemicals, machine tools
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Industrial production growth rate
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1.4% (2004 est.)
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Electricity production
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13.69 billion kWh (2001)
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Electricity production by source
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fossil fuel: 35.2%
hydro: 27.3%
other: 0.7% (2001)
nuclear: 36.8%
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Electricity consumption
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13.83 billion kWh (2001)
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Electricity exports
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3 billion kWh (2001)
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Electricity imports
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4.1 billion kWh (2001)
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Oil production
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20 bbl/day NA bbl/day (2001 est.)
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Oil consumption
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53,300 bbl/day (2001 est.)
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Oil exports
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NA (2001)
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Oil imports
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NA (2001)
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Oil proved reserves
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Natural gas production
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0 cu m (2001 est.)
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Natural gas consumption
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1.04 billion cu m (2001 est.)
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Natural gas exports
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0 cu m (2001 est.)
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Natural gas imports
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1.04 billion cu m (2001 est.)
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Natural gas proved reserves
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Current account balance
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$15.1 million (2004 est.)
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Exports
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$11.98 billion f.o.b. (2004 est.)
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Exports commodities
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manufactured goods, machinery and transport equipment, chemicals, food
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Exports partners
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Germany 23.2%, Italy 13.2%, Croatia 9%, Austria 7.3%, France 5.7%, Bosnia and Herzegovina 4.2% (2003)
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Imports
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$12.63 billion f.o.b. (2003 est.)
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Imports commodities
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machinery and transport equipment, manufactured goods, chemicals, fuels and lubricants, food
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Imports partners
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Germany 19.3%, Italy 18.3%, France 10%, Austria 8.6% (2003)
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Reserves of foreign exchange gold
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$8.598 billion (2004 est.)
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Debt external
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$11.33 billion (2004 est.)
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Economic aid recipient
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ODA, $62 million (2000 est.)
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Currency
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tolar (SIT)
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Currency code
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SIT
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Exchange rates
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tolars per US dollar - 207.099 (2003), 240.248 (2002), 242.749 (2001), 222.656 (2000), 181.769 (1999)
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Fiscal year
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calendar year
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Applied Language Solutions offer English to Slovenian Translation .
This information was reproduced in part from the CIA World Fact book.
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