Economy of Slovenia
- Summary of Slovenia's Economy
Slovenia boasts a high-income economy characterized by its industrialized and service-oriented sectors. As of 2022, the country reported a GDP of approximately $77 billion, with a per capita income of around $37,000. Key economic indicators include an inflation rate of about 10%, an unemployment rate of 4.1% overall, but significantly higher among youth at 13.5%. Public debt stood at 73% of GDP in 2022, reflecting ongoing fiscal management challenges.
- Sectors:
- Economic Performance:
Slovenia faces public finance deficits, though generally below 23% of GDP historically. By September 2010, national debt was approximately €19.5 billion (54.2% of GDP), with discrepancies in reported figures. Privatization has been slow due to cultural and structural barriers, impacting foreign investment.
- Foreign Investment:
Foreign direct investment (FDI) reached $10 billion by end-2014, a 13.9% increase from 2013. Key investors include Austria (33.6%), Switzerland (11.3%), Germany (10.4%), Italy (7.9%), and Croatia (7.7%). Notable investments include Goodyear ($125 million in 1997) and Croatian acquisitions like Droga Kolinska and Mercator.
- Companies:
As of 2022, the services sector leads with 60,260 registered companies, followed by wholesale trade (9,980) and construction (9,010).
This structured summary captures the essence of Slovenia's economic landscape, highlighting its strengths in manufacturing and services, challenges in fiscal management, and the growing influence of foreign investment.