Economy Of Slovenia - Slovenia Information

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Economy Of Slovenia
Slovenia Information - Country Guides

Economy overview	Slovenia, with its historical ties to Western Europe, enjoys a GDP per capita substantially higher than that of the other transitioning economies of Central Europe. In March 2004, Slovenia became the first transition country to graduate from borrower status to donor partner at the World Bank. Privatization of the economy proceeded at an accelerated pace in 2002-03, and the budget deficit dropped from 3.0% of GDP in 2002 to 1.6% in 2003. Despite the economic slowdown in Europe in 2001-03, Slovenia maintained 3% growth. Structural reforms to improve the business environment allow for greater foreign participation in Slovenia's economy and help to lower unemployment. Further measures to curb inflation are also needed. Corruption and the high degree of coordination between government, business, and central bank policy are issues of concern in the run-up to Slovenia's scheduled 1 May 2004 accession to the European Union.
GDP	purchasing power parity - $36.82 billion (2004 est.)
GDP - real growth rate	2.3% (2004 est.)
GDP - per capita	purchasing power parity - $19,000 (2004 est.)
GDP - composition by sector	agriculture: 3% industry: 39.7% services: 57.3% (2004 est.)
Investment gross fixed	23.3% of GDP (2004 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	5.6% (2004 est.)
Labor force	875,000 (2004 est.)
Labor force by occupation	agriculture NA, industry NA, services NA
Unemployment rate	11.2% (2004 est.)
Budget	revenues: $11.46 billion expenditures: $11.85 billion, including capital expenditures of na (2004 est.)
Public debt	31.9% of GDP (2004 est.)
Agriculture products	potatoes, hops, wheat, sugar beets, corn, grapes; cattle, sheep, poultry
Industries	ferrous metallurgy and aluminum products, lead and zinc smelting, electronics (including military electronics), trucks, electric power equipment, wood products, textiles, chemicals, machine tools
Industrial production growth rate	1.4% (2004 est.)
Electricity production	13.69 billion kWh (2001)
Electricity production by source	fossil fuel: 35.2% hydro: 27.3% other: 0.7% (2001) nuclear: 36.8%
Electricity consumption	13.83 billion kWh (2001)
Electricity exports	3 billion kWh (2001)
Electricity imports	4.1 billion kWh (2001)
Oil production	20 bbl/day NA bbl/day (2001 est.)
Oil consumption	53,300 bbl/day (2001 est.)
Oil exports	NA (2001)
Oil imports	NA (2001)
Oil proved reserves
Natural gas production	0 cu m (2001 est.)
Natural gas consumption	1.04 billion cu m (2001 est.)
Natural gas exports	0 cu m (2001 est.)
Natural gas imports	1.04 billion cu m (2001 est.)
Natural gas proved reserves
Current account balance	$15.1 million (2004 est.)
Exports	$11.98 billion f.o.b. (2004 est.)
Exports commodities	manufactured goods, machinery and transport equipment, chemicals, food
Exports partners	Germany 23.2%, Italy 13.2%, Croatia 9%, Austria 7.3%, France 5.7%, Bosnia and Herzegovina 4.2% (2003)
Imports	$12.63 billion f.o.b. (2003 est.)
Imports commodities	machinery and transport equipment, manufactured goods, chemicals, fuels and lubricants, food
Imports partners	Germany 19.3%, Italy 18.3%, France 10%, Austria 8.6% (2003)
Reserves of foreign exchange gold	$8.598 billion (2004 est.)
Debt external	$11.33 billion (2004 est.)
Economic aid recipient	ODA, $62 million (2000 est.)
Currency	tolar (SIT)
Currency code	SIT
Exchange rates	tolars per US dollar - 207.099 (2003), 240.248 (2002), 242.749 (2001), 222.656 (2000), 181.769 (1999)
Fiscal year	calendar year

Slovenian Flag Map Of Slovenia

Economy Of SloveniaSlovenia Information - Country Guides

Economy Of Slovenia
Slovenia Information - Country Guides