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Slovenia: Economy

Economy Slovenia
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. Privatization of the economy proceeded at an accelerated pace in 2002-3, and the budget deficit dropped from 3.0% of GDP in 2002 to 1.9% 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 - $37.06 billion (2002 est.)
GDP - real growth rate:
3.2% (2002 est.)
GDP - per capita:
purchasing power parity - $19,200 (2002 est.)
GDP - composition by sector:
agriculture: 3.2%
industry: 36.3%
services: 60.5% (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):
7.4% (2002 est.)
Labor force:
857,400
Labor force - by occupation:
agriculture NA%, industry NA%, services NA%
Unemployment rate:
11% (2002 est.)
Budget:
revenues: $8.11 billion
expenditures: $8.32 billion, including capital expenditures of $NA (1997 est.)
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:
2.4% (2002)
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)
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.)
Agriculture - products:
potatoes, hops, wheat, sugar beets, corn, grapes; cattle, sheep, poultry
Exports:
$10.3 billion f.o.b. (2002)
Exports - commodities:
manufactured goods, machinery and transport equipment, chemicals, food
Exports - partners:
Germany 23.9%, Italy 12.7%, Austria 9.5%, Croatia 8%, France 7.4%, Bosnia and Herzegovina 4.4% (2002)
Imports:
$11.1 billion f.o.b. (2002)
Imports - commodities:
machinery and transport equipment, manufactured goods, chemicals, fuels and lubricants, food
Imports - partners:
Germany 20%, Italy 19%, Austria 11.3%, France 10.5% (2002)
Debt - external:
$7.9 billion (2001)
Economic aid - recipient:
ODA, $62 million (2000 est.)
Currency:
tolar (SIT)
Currency code:
SIT
Exchange rates:
tolars per US dollar - 240.25 (2002), 242.75 (2001), 222.66 (2000), 181.77 (1999), 166.13 (1998)
Fiscal year:
calendar year

Also See:

Background & Country Profile
Geography
People
Government
Economy
Communications
Transportation
Military
Transnational Issues & International Disputes
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Source: The CIA World Fact Book 2003

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