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Economic overview
Slovenia — 34 years of data
Historical Values
| Year | Value |
|---|---|
| 1992 | Slovenia was by far the most prosperous of the old Yugoslav republics, with a per capita income more than twice the Yugoslav average, indeed not far below the levels in neighboring Austria and Italy. Because of its strong ties to Western Europe and the small scale of damage during internecine fighting in Yugoslavia, Slovenia has the brightest prospects among the former Yugoslav republics for economic reform and recovery over the next few years. The political and economic disintegration of Yugosl |
| 1993 | Slovenia was by far the most prosperous of the former Yugoslav republics, with a per capita income more than twice the Yugoslav average, indeed not far below the levels in neighboring Austria and Italy. Because of its strong ties to Western Europe and the small scale of damage during its fight for independence from Yugoslavia, Slovenia has the brightest prospects among the former Yugoslav republics for economic recovery over the next few years. The dissolution of Yugoslavia, however, has led to |
| 1994 | Slovenia was by far the most prosperous of the former Yugoslav republics, with a per capita income more than twice the Yugoslav average, indeed not far below the levels in neighboring Austria and Italy. Because of its strong ties to Western Europe and the small scale of damage during its brief fight for independence from Yugoslavia, Slovenia has the brightest prospects among the former Yugoslav republics for economic recovery over the next few years. The dissolution of Yugoslavia, however, has l |
| 1995 | Slovenia appears to be making a solid economic recovery, fulfilling the promise it showed at the time of Yugoslavia's breakup. It was by far the most prosperous of the former Yugoslav republics, with a per capita income more than twice the national average. It also benefited from strong ties to Western Europe and suffered comparatively small physical damage in the dismemberment process. The beginning was difficult, however. Real GDP fell 15% during 1991-92, while inflation jumped to 247% in 1991 |
| 1996 | Slovenia appears to be making a solid economic recovery, fulfilling the promise it showed at the time of Yugoslavia's breakup. Its per capita GDP is now the highest in Central and Eastern Europe and not far below the levels in the poorer West European countries. Slovenia has benefited from strong ties to Western Europe and suffered comparatively small physical damage during Yugoslavia's breakup. The beginning was difficult, however. Real GDP fell 15% in 1991-92, while inflation soared to 200% in |
| 1997 | Slovenia appears to be making a solid economic recovery, fulfilling the promise it showed at the time of Yugoslavia's breakup. Its per capita GDP is now the highest in Central and Eastern Europe and comparable to the levels in the poorer West European countries. Slovenia has benefited from strong ties to Western Europe and suffered comparatively small physical damage during Yugoslavia's breakup. The beginning was difficult, however. Real GDP fell 15% in 1991-92, while inflation soared to 200% in |
| 1998 | Today, Slovenia exhibits the highest per capita GDP of all the transition economies of the region, fairly moderate inflation, and a comfortable level of international reserves. However, GDP has posted slower growth since reaching a zenith of 5.5% in 1994. Growth declined to 3.5% in 1995 and 3.2% in 1996 and in 1997. Exports in 1997 benefited from economic recovery abroad-especially of Slovenia's main trading partners of the EU, which take 70% of Slovene exports. This export-led trend is predicte |
| 1999 | Today, Slovenia exhibits one of the highest per capita GDPs of the transition economies of the region, fairly moderate inflation, and a comfortable level of international reserves. Slovenia received an invitation in 1997 to begin accession negotiations with the EU--a reflection of its sound economic footing. Slovenia must press on with privatization, enterprise restructuring, institution reform, and liberalization of financial markets, thereby creating conditions conducive to foreign investment |
| 2000 | Slovenia continues to enjoy the highest GDP per capita of the transitioning economies of the region. The country is experiencing an increased, yet manageable, rate of inflation and anticipates increased GDP growth during the year 2000 as growth accelerates in the EU, Slovenia's leading export market. The country is on a sound economic footing. However, much work remains to be done in the areas of privatization and capital market reform. During 2000, privatizations are expected in the banking, te |
| 2001 | Although Slovenia enjoys one of the highest GDPs per capita among the transition economies of Central Europe, it needs to speed up the privatization process and the dismantling of restrictions on foreign investment. About 45% of the economy remains in state hands, and the level of foreign direct investment inflows as a percent of GDP is the lowest in the region. Analysts are predicting between 4.0% and 4.2% growth for 2001. Export growth is expected to slow in 2001 and 2002 as EU markets soften. |
| 2002 | 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. Privatization of the economy proceded at an accelerated pace in 2002, and steps were taken to bring down the budget deficit from 2.9% of GDP in 2002 to 1.2% in 2003. Despite the economic slowdown in Europe in 2001-02, Slovenia maintained 3% growth. Internal structural reforms to improve the business environment, encouragement of dire |
| 2003 | 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. Privatization of the economy proceeded at an accelerated pace in 2002-3, and the budget deficit dropped from 3.0% of GDP in 2002 to 1.9% 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 |
| 2004 | 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, Sloveni |
| 2005 | 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 2002-04. Despite lackluster performance in Europe in 2001-04, Slovenia maintained moderate growth. Structural reforms to improve the business |
| 2006 | With its small transition economy and population of approximately two million, Slovenia is a model of economic success and stability for its neighbors in the former Yugoslavia. The country, which joined the EU in 2004, has excellent infrastructure, a well-educated work force, and an excellent central location. It enjoys a GDP per capita substantially higher than any of the other transitioning economies of Central Europe. In March 2004, Slovenia became the first transition country to graduate fro |
| 2007 | With a GDP per capita substantially greater than the other transitioning economies of Central Europe, Slovenia is a model of economic success and stability for its neighbors from the former Yugoslavia. The country, which joined the EU in May 2004 and joined the eurozone on 1 January 2007, has excellent infrastructure, a well-educated work force, and an excellent central location. Privatization of the economy proceeded at an accelerated pace in 2002-05. Despite lackluster economic performance in |
| 2008 | 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 environm |
| 2009 | 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 environm |
| 2010 | Slovenia became the first 2004 European Union entrant to adopt the euro (on 1 January 2007) and has become 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 en |
| 2011 | Slovenia became the first 2004 European Union entrant to adopt the euro (on 1 January 2007) and has become 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 en |
| 2012 | Slovenia became the first 2004 European Union entrant to adopt the euro (on 1 January 2007) and has experienced one of the most stable political and economic transitions in Central and Southeastern Europe. 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. Stru |
| 2013 | Slovenia became the first 2004 European Union entrant to adopt the euro (on 1 January 2007) and has experienced one of the most stable political and economic transitions in Central and Southeastern Europe. 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 the highest levels of state control in the EU. |
| 2014 | With excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe, Slovenia has one of the highest per capita GDPs in Central Europe. Slovenia became the first 2004 European Union entrant to adopt the euro (on 1 January 2007) and has experienced one of the most stable political transitions in Central and Southeastern Europe. In March 2004, Slovenia became the first transition country to graduate from borrower status to donor partner at the |
| 2015 | With excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe, Slovenia has one of the highest per capita GDPs in Central Europe, despite having suffered a protracted recession in 2008-2009 in the wake of the global financial crisis. Slovenia became the first 2004 European Union entrant to adopt the euro (on 1 January 2007) and has experienced one of the most stable political transitions in Central and Southeastern Europe. In March 200 |
| 2016 | With excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe, Slovenia has one of the highest per capita GDPs in Central Europe, despite having suffered a protracted recession in 2008-2009 in the wake of the global financial crisis. Slovenia became the first 2004 EU entrant to adopt the euro (on 1 January 2007) and has experienced one of the most stable political transitions in Central and Southeastern Europe. | In March 2004, Sloveni |
| 2017 | With excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe, Slovenia has one of the highest per capita GDPs in Central Europe, despite having suffered a protracted recession in the 2008-09 period in the wake of the global financial crisis. Slovenia became the first 2004 EU entrant to adopt the euro (on 1 January 2007) and has experienced one of the most stable political transitions in Central and Southeastern Europe. | In March 2004 |
| 2018 | With excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe, Slovenia has one of the highest per capita GDPs in Central Europe, despite having suffered a protracted recession in the 2008-09 period in the wake of the global financial crisis. Slovenia became the first 2004 EU entrant to adopt the euro (on 1 January 2007) and has experienced a stable political and economic transition. In March 2004, Slovenia became the first transition |
| 2019 | With excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe, Slovenia has one of the highest per capita GDPs in Central Europe, despite having suffered a protracted recession in the 2008-09 period in the wake of the global financial crisis. Slovenia became the first 2004 EU entrant to adopt the euro (on 1 January 2007) and has experienced a stable political and economic transition. In March 2004, Slovenia became the first transition |
| 2020 | With excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe, Slovenia has one of the highest per capita GDPs in Central Europe, despite having suffered a protracted recession in the 2008-09 period in the wake of the global financial crisis. Slovenia became the first 2004 EU entrant to adopt the euro (on 1 January 2007) and has experienced a stable political and economic transition. In March 2004, Slovenia became the first transition |
| 2021 | With excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe, Slovenia has one of the highest per capita GDPs in Central Europe, despite having suffered a protracted recession in the 2008-09 period in the wake of the global financial crisis. Slovenia became the first 2004 EU entrant to adopt the euro (on 1 January 2007) and has experienced a stable political and economic transition. In March 2004, Slovenia became the first transition |
| 2022 | With excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe, Slovenia has one of the highest per capita GDPs in Central Europe, despite having suffered a protracted recession in the 2008-09 period in the wake of the global financial crisis. Slovenia became the first 2004 EU entrant to adopt the euro (on 1 January 2007) and has experienced a stable political and economic transition. In March 2004, Slovenia became the first transition |
| 2023 | high-income, fast-growing EU-member economy; high human capital; key health infrastructure investments; high government spending; key Croatian investments; high-technology and manufacturing sectors; growing financial hub |
| 2024 | high-income, EU and eurozone member economy; high per-capita income and low inequality; key exports in automotive and pharmaceuticals; tight labor market with low unemployment; growth supported by EU funds and reconstruction from 2023 floods; pressures over public sector wage demands |
| 2025 | high-income EU and eurozone economy; high per-capita income and low inequality; key exports in automotive and pharmaceuticals; tight labor market with low unemployment; growth supported by private consumption and public investment, with risks from tight labor market and trade conditions; narrowing fiscal deficit and declining public debt |