Slovenia - Economy
How is the economy of Slovenia? Based on the information we have, Slovenia has a 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. Key agricultural products in this country include: milk, maize, wheat, barley, grapes, chicken, potatoes, apples, beef, pork (2022).
More about the economy of Slovenia
| Labor force | 1.055 million (2023 est.) |
|---|---|
| Industrial production growth rate | 3.8% (2023 est.) |
| Industries | ferrous metallurgy and aluminum products, lead and zinc smelting; electronics (including military electronics), trucks, automobiles, electric power equipment, wood products, textiles, chemicals, machine tools |
| Population below poverty line | 12.7% (2022 est.) |
| Taxes and other revenues | 18.14% (of GDP) (2022 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | euros (EUR) per US dollar - |
| Exchange rates 2023 | 0.925 (2023 est.) |
| Exchange rates 2022 | 0.95 (2022 est.) |
| Exchange rates 2021 | 0.845 (2021 est.) |
| Exchange rates 2020 | 0.876 (2020 est.) |
| Exchange rates 2019 | 0.893 (2019 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2023 | $2.37 billion (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $2.268 billion (2022 est.) |
| Reserves of foreign exchange and gold 2021 | $2.267 billion (2021 est.) |
| Current account balance | |
| Current account balance 2023 | $3.057 billion (2023 est.) |
| Current account balance 2022 | -$617.374 million (2022 est.) |
| Current account balance 2021 | $2.073 billion (2021 est.) |
| Public debt | |
| Public debt 2017 | 73.6% of GDP (2017 est.) |
| Budget | |
| Revenues | $23.529 billion (2022 est.) |
| Expenditures | $24.369 billion (2022 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2023 | 1.3% of GDP (2023 est.) |
| Remittances 2022 | 1.3% of GDP (2022 est.) |
| Remittances 2021 | 1.34% of GDP (2021 est.) |
| Household income | |
| Lowest 10% | 4.2% (2021 est.) |
| Highest 10% | 20.7% (2021 est.) |
| Average household expenditures | |
| On food | 14.1% of household expenditures (2022 est.) |
| On alcohol and tobacco | 4.5% of household expenditures (2022 est.) |
| Imports | |
| Imports 2023 | $52.826 billion (2023 est.) |
| Imports 2022 | $55.158 billion (2022 est.) |
| Imports 2021 | $47.997 billion (2021 est.) |
| Imports (partners) | Switzerland 17%, China 11%, Italy 10%, Germany 10%, Austria 7% (2022) |
| Comodities Imports force | packaged medicine, nitrogen compounds, refined petroleum, cars, electricity (2022) |
| Exports | |
| Imports 2023 | $52.826 billion (2023 est.) |
| Imports 2022 | $55.158 billion (2022 est.) |
| Imports 2021 | $47.997 billion (2021 est.) |
| Exports (partners) | Switzerland 18%, Germany 14%, Italy 11%, Croatia 8%, Austria 7% (2022) |
| Comodities Exports force | packaged medicine, cars, refined petroleum, electricity, vehicle parts/accessories (2022) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2023 | $102.036 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $100.442 billion (2022 est.) |
| Real GDP (purchasing power parity) 2021 | $98.03 billion (2021 est.) |
| GDP (official exchange rate) | $68.217 billion (2023 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2023 | $48,100 (2023 est.) |
| Real GDP per capita 2022 | $47,600 (2022 est.) |
| Real GDP per capita 2021 | $46,500 (2021 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 1.9% (2023 est.) |
| Industry | 29.1% (2023 est.) |
| Services | 57.8% (2023 est.) |
| GDP - composition, by end use | |
| Household consumption | 53% (2023 est.) |
| Government consumption | 19.5% (2023 est.) |
| Investment in fixed capital | 22.5% (2023 est.) |
| Investment in inventories | -1.7% (2023 est.) |
| Exports of goods and services | 84% (2023 est.) |
| Imports of goods and services | -77.3% (2023 est.) |
| Unemployment rate | |
| Unemployment rate 2023 | 3.63% (2023 est.) |
| Unemployment rate 2022 | 4.01% (2022 est.) |
| Unemployment rate 2021 | 4.75% (2021 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 9.9% (2023 est.) |
| Male | 9.9% (2023 est.) |
| Female | 9.9% (2023 est.) |
All Important Facts about Slovenia
Want to know more about Slovenia? Check all different factbooks for Slovenia below.
