Welcome to the economic section of the Slovenian Embassy in Washington website. Developing business links between the US and Slovenia is at the very core of our mission. We would therefore like to invite you to consult our site with information on the current economic situation in Slovenia, cooperation with the US and an updated list of business opportunities.
In our mission to raise the profile of Slovenia and promote its culture and natural beauty, the Embassy invites you to visit our tourism section where you can find plenty of information you might need when you travel to Slovenia.
Overview of Slovenian Economy
Slovenia is a successful market economy in Central Europe, well integrated with European and overseas markets. It is a stable, multi-party democracy, and as a full EU member it is part of the Common Market. Since 2007 it has also been a full member of the EMU and uses the euro as its currency. On July 21st 2010 Slovenia became the 32nd member of the Organization of Economic Cooperation and Development (OECD) through which Slovenia will contribute to a more plural and increasingly important role in the global economy.
Its credit is rated AA with a stable outlook by the main credit rating agencies. The Economist ranks Slovenia as 21st in the world in its operational risk survey, ahead of countries such as USA, Japan, Italy, Spain and Portugal. Fiscal discipline is strictly maintained by the government. In 2010 the general government debt was 38.0% of GDP.GDP increased by 2.0 percent in the first quarter of 2011, after several years of decline in GDP growth due to recession (-8.1% in 2009, 1,2% in 2010).
Slovenia is placed among the top 50 economies in the world according to GDP per capita (PPP), with an estimated USD 28.400 per capita (PPP) in 2010. The Annual Inflation rate stood at 0.9%in 2009 and at 0.2% in 2010 due to the onset of the global economic crisis. In May 2011 the annual inflation rate was 2.2,%
In the labour market, in spite of the economic slowdown, the unemployment rate remained lower than the EU average - 6.3% in 2009 and 7.4% in 2010. In April 2011 the unemployment rate was 8.2%.
The structure of the Slovenian economy shows diversification: 35% manufacturing, 63% services and 2% agriculture. Key Slovenian industries include automotive, chemicals & pharmaceuticals, electrical & electronics, information & communications technology (ICT), logistics & distribution and machining & metalworking.