Slovenia Economy 2001

Economy - overview: 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. Inflation rose from 6.1% to 8.9% in 2000 and remains a matter of concern.

GDP: purchasing power parity - $22.9 billion (2000 est.)

GDP - real growth rate: 4.5% (2000 est.)

GDP - per capita: purchasing power parity - $12,000 (2000 est.)

GDP - composition by sector:
agriculture: 4%
industry: 35%
services: 61% (1999 est.)

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: 3.2%
highest 10%: 20.7% (1995)

Inflation rate (consumer prices): 8.9% (2000 est.)

Labor force: 857,400

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

Unemployment rate: 7.1% (1997 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: 6.2% (2000)

Electricity - production: 12.451 billion kWh (1999)

Electricity - production by source:
fossil fuel: 34.44%
hydro: 29.58%
nuclear: 35.98%
other: 0% (1999)

Electricity - consumption: 10.024 billion kWh (1999)

Electricity - exports: 2.2 billion kWh (1999)

Electricity - imports: 645 million kWh (1999)

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

Exports: $8.9 billion (f.o.b., 2000)

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

Exports - partners: Germany 31%, Italy 14%, Croatia 8%, Austria 7%, France 6% (1999)

Imports: $9.9 billion (f.o.b., 2000)

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

Imports - partners: Germany 21%, Italy 17%, France 11%, Austria 8%, Croatia 4%, Hungary, Russia (1999)

Debt - external: $6.2 billion (2000)

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

Currency: tolar (SIT)

Currency code: SIT

Exchange rates: tolars per US dollar - 225.93 (January 2001), 222.66 (2000), 181.77 (1999), 166.13 (1998), 159.69 (1997), 135.36 (1996)

Fiscal year: calendar year

NOTE: The information regarding Slovenia on this page is re-published from the 2001 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Slovenia Economy 2001 information contained here. All suggestions for corrections of any errors about Slovenia Economy 2001 should be addressed to the CIA.