Economy - overview Although Slovenia enjoys a GDP per capita substantially higher than that of the other transitioning 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. Despite the global slowdown in 2001, the economy turned in an excellent record on exports, which grew 5%. Inflation dropped slightly but at 8.4% remains a matter of concern.

GDP purchasing power parity - $31 billion (2001 est.)

GDP - real growth rate 4% (2001 est.)

GDP - per capita purchasing power parity - $16,000 (2001 est.)

GDP - composition by sector
agriculture: 4%
industry: 35%
services: 61% (2001 est.)

Population below poverty line NA%

Household income or consumption by percentage share
lowest 10%: 3.9%
highest 10%: 23% (1998)

Distribution of family income - Gini index 28.4 (1998)

Inflation rate (consumer prices) 8.4% (2001 est.)

Labor force 857,400

Labor force - by occupation agriculture NA%, industry NA%, services NA%

Unemployment rate 11.5% (2001 est.)

Budget
revenues: $8.11 billion
expenditures: $8.32 billion, including capital expenditures of $NA (1997 est.)

Industries ferrous metallurgy and rolling mill products, aluminum reduction and rolled products, lead and zinc smelting, electronics (including military electronics), trucks, electric power equipment, wood products, textiles, chemicals, machine tools

Industrial production growth rate 3.3% (2001)

Electricity - production 12.816 billion kWh (2000)

Electricity - production by source
fossil fuel: 34.93%
hydro: 29.42%
other: 0.23% (2000)
nuclear: 35.42%

Electricity - consumption 10.619 billion kWh (2000)

Electricity - exports 2 billion kWh (2000)

Electricity - imports 700 million kWh (2000)

Agriculture - products potatoes, hops, wheat, sugar beets, corn, grapes; cattle, sheep, poultry

Exports $9.2 billion (f.o.b., 2001)

Exports - commodities manufactured goods, machinery and transport equipment, chemicals, food

Exports - partners Germany 27.2%, Italy 13.6%, Croatia 7.9%, Austria 7.5%, France 7.1% (2000)

Imports $9.9 billion (f.o.b., 2001)

Imports - commodities machinery and transport equipment, manufactured goods, chemicals, fuels and lubricants, food

Imports - partners Germany 19.0%, Italy 17.4%, France 10.3%, Austria 8.2%, Croatia 4.4%, Hungary, Russia (2000)

Debt - external $6.6 billion (2001)

Economic aid - recipient ODA, $5 million (1993)

Currency tolar (SIT)

Currency code SIT

Exchange rates tolars per US dollar - 251.40 (January 2002), 242.75 (2001), 222.66 (2000), 181.77 (1999), 166.13 (1998), 159.69 (1997)

Fiscal year calendar year

NOTE: The information regarding Slovenia on this page is re-published from the 2002 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Slovenia Economy 2002 information contained here. All suggestions for corrections of any errors about Slovenia Economy 2002 should be addressed to the CIA.