Slovenia:
Economy

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Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition 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 environment have allowed for somewhat greater foreign participation in Slovenia's economy and have helped to lower unemployment. In March 2004, Slovenia became the first transition country to graduate from borrower status to donor partner at the World Bank. In December 2007, Slovenia was invited to begin the accession process for joining the OECD. Despite its economic success, foreign direct investment (FDI) in Slovenia has lagged behind the region average, and taxes remain relatively high. Furthermore, the labor market is often seen as inflexible, and legacy industries are losing sales to more competitive firms in China, India, and elsewhere.
GDP (purchasing power parity)	Definition - World rank and map $54.67 billion (2007 est.)
GDP (official exchange rate)	Definition $46.08 billion (2007 est.)
GDP - real growth rate	Definition - World rank and map 6.1% (2007 est.)
GDP - per capita	Definition - World rank and map $27,200 (2007 est.)
GDP - composition by sector	Definition agriculture: 2% industry: 34.4% services: 63.5% (2007 est.)
Labor force	Definition 925,000 (2007 est.)
Labor force - by occupation	Definition agriculture: 2.5% industry: 36% services: 61.5% (2007)
Unemployment rate	Definition - World rank and map 4.8% (2007 est.)
Population below poverty line	Definition 12.9% (2004)
Household income or consumption by percentage share	Definition lowest 10%: 3.6% highest 10%: 21.4% (1998)
Distribution of family income - Gini index	Definition - World rank and map 24 (2005)
Inflation rate (consumer prices)	Definition - World rank and map 3.6% (2007 est.)
Investment (gross fixed)	Definition - World rank and map 28.7% of GDP (2007 est.)
Budget	Definition revenues: $19.17 billion expenditures: $19.04 billion (2007 est.)
Public debt	Definition - World rank and map 24.1% of GDP (2007 est.)
Agriculture - products	Definition potatoes, hops, wheat, sugar beets, corn, grapes; cattle, sheep, poultry
Industries	Definition ferrous metallurgy and aluminum products, lead and zinc smelting; electronics (including military electronics), trucks, automobiles, electric power equipment, wood products, textiles, chemicals, machine tools
Industrial production growth rate	Definition - World rank and map 10.1% (2007 est.)
Electricity - production	Definition - World rank and map 14.9 billion kWh (2006)
Electricity - consumption	Definition - World rank and map 13.71 billion kWh (2006)
Electricity - consumption per capita	Definition - World rank and map 6,828.7 kWh (2006)
Electricity - exports	Definition 4.8 billion kWh (2006)
Electricity - imports	Definition 4.07 billion kWh (2006)
Oil - production	Definition - World rank and map 5 bbl/day (2005 est.)
Oil - consumption	Definition - World rank and map 54,000 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 26.9 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 2,276 bbl/day (2004)
Oil - imports	Definition - World rank and map 55,880 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 0 bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 4.795 million cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 1.078 billion cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 537 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 1.073 billion cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 0 cu m (1 January 2006 est.)
Current account balance	Definition - World rank and map -$2.222 billion (2007 est.)
Exports	Definition - World rank and map $27.01 billion f.o.b. (2007 est.)
Exports - commodities	Definition manufactured goods, machinery and transport equipment, chemicals, food
Exports - partners	Definition Germany 18.8%, Italy 12.5%, Croatia 8%, Austria 7.4%, France 5.9%, Russia 4.4% (2006)
Imports	Definition - World rank and map $29.28 billion f.o.b. (2007 est.)
Imports - commodities	Definition machinery and transport equipment, manufactured goods, chemicals, fuels and lubricants, food
Imports - partners	Definition Germany 18.1%, Italy 17.1%, Austria 11.7%, France 5%, Croatia 4.6% (2006)
Reserves of foreign exchange and gold	Definition - World rank and map $5.643 billion (30 September 2007 est.)
Debt - external	Definition - World rank and map $40.42 billion (30 June 2007)
Stock of direct foreign investment - at home	Definition $8.19 billion (2007 est.)
Stock of direct foreign investment - abroad	Definition $4.903 billion (2007 est.)
Market value of publicly traded shares	Definition $15.18 billion (2006)
Economic aid - recipient	Definition ODA, $484 million (2004-06)
Currency (code)	Definition euro (EUR) note: on 1 January 2007, the euro became Slovenia's currency; both the tolar and the euro were in circulation from 1 January until 15 January 2007
Exchange rates	Definition euros per US dollar - 0.7345 (2007), tolars per US dollar - 190.85 (2006), 192.71 (2005), 192.38 (2004), 207.11 (2003) note: Slovenia adopted the euro as its currency on 1 January 2007
Fiscal year	Definition calendar year

Slovenia: Economy

Slovenia:
Economy