Slovenia - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Slovenia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Slovenia economy.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.80 0.9 0.8 1 1 0.6 percent
Unemployment Rate 7.90 7.6 7.8 7.7 7.5 6.5 percent
Inflation Rate 1.82 2 2.1 2.1 2.1 2.5 percent
Interest Rate 0.00 0 0 0 0 0.75 percent
Balance of Trade 141.36 190 -90 170 70 -190 EUR Million
Government Debt to GDP 73.60 75 75 73 73 71 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 1.17
 1.16 1.15 1.15 1.14 1.12
Stock Market 855.62
points		 857 850 843 836 809
Government Bond 10y 1.04
percent		 1.01 1.06 1.1 1.16 1.38
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.80
percent		 0.9 0.8 1 1 0.6
GDP Annual Growth Rate 3.80
percent		 4.7 3.8 3.4 3.7 3.6
GDP 48.77
USD Billion		 49 49 51 51 52
GDP Constant Prices 10377.50
EUR Million		 10284 10636 10643 10761 11459
Gross National Product 43278.00
EUR Million		 41368 44923 44749 44879 48401
Gross Fixed Capital Formation 1963.10
EUR Million		 1860 1981 2029 2036 2134
GDP per capita 25662.41
USD		 26000 26000 26250 26250 26500
GDP per capita PPP 31400.84
USD		 31800 31800 33000 33000 33500
GDP From Agriculture 200.40
EUR Million		 186 194 147 208 209
GDP From Construction 478.50
EUR Million		 465 495 428 496 533
GDP From Manufacturing 2165.90
EUR Million		 1949 2042 1991 2246 2201
GDP From Public Administration 1483.60
EUR Million		 1503 1590 1530 1538 1713
GDP From Services 2079.10
EUR Million		 2097 1865 1756 2156 2010
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 7.90
percent		 7.6 7.8 7.7 7.5 6.5
Employed Persons 874566.00
 877582 882879 886313 889814 906341
Unemployed Persons 76051.00
 77596 79135 78658 78402 78586
Long Term Unemployment Rate 2.60
percent		 2.39 2.32 2.27 2.21 2.03
Youth Unemployment Rate 10.00
percent		 10.38 10.4 10.4 10.4 10.4
Labour Costs 112.48
Index Points		 114 115 115 116 124
Job Vacancies 14556.00
 13548 13612 13607 13598 13597
Wages 1654.00
EUR/Month		 1660 1750 1710 1660 1850
Wages in Manufacturing 1598.00
EUR/Month		 1565 1770 1660 1624 1850
Wage Growth 3.23
percent		 3.29 3.32 3.33 3.34 3.34
Minimum Wages 842.79
EUR/Month		 843 843 880 880 925
Population 2.07
Million		 2.07 2.07 2.08 2.08 2.08
Retirement Age Women 59.67
 59.67 59.67 59.67 60 59.67
Retirement Age Men 60.00
 60 60 60 60 60
Labor Force Participation Rate 58.30
percent		 58.95 58.8 58.5 58.56 58.7
Productivity 110.80
Index Points		 118 108 104 112 111
Part Time Employment 99.30
Thousand		 98.65 98.55 98.52 98.56 98.55
Employment Change 0.70
percent		 0.75 0.74 0.73 0.75 0.74
Employment Rate 69.70
percent		 71.42 71.15 70.71 71.19 71.6
Full Time Employment 845.10
Thousand		 868 867 855 861 871
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.82
percent		 2 2.1 2.1 2.1 2.5
Harmonised Consumer Prices 103.29
Index Points		 104 104 105 106 109
Consumer Price Index CPI 103.20
Index Points		 103 104 104 106 109
Core Consumer Prices 102.98
Index Points		 103 103 103 105 106
Core Inflation Rate 1.13
percent		 1.24 1.23 1.25 1.26 1.28
GDP Deflator 102.00
Index Points		 101 101 101 102 102
Producer Prices 103.20
Index Points		 104 104 105 106 109
Inflation Rate Mom 0.10
percent		 0.14 0.14 0.01 0.2 0.12
Producer Prices Change 2.40
percent		 2.8 2.5 2.6 2.7 2.2
CPI Housing Utilities 105.17
Index Points		 104 105 106 107 110
CPI Transportation 99.77
Index Points		 103 101 100 102 106
Food Inflation 2.50
percent		 2.33 2.16 2.13 2.12 2.12
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 0.00
percent		 0 0 0 0 0.75
Interbank Rate -0.32
percent		 -0.32 -0.32 -0.32 -0.32 0.43
Money Supply M0 5092.00
EUR Million		 5111 5173 5232 5289 5863
Money Supply M1 19375.00
EUR Million		 19775 20348 20905 21448 26240
Money Supply M2 25759.00
EUR Million		 26040 26449 26849 27243 30900
Money Supply M3 25678.00
EUR Million		 25853 26103 26342 26573 28533
Foreign Exchange Reserves 273.40
EUR Million		 273 274 273 273 273
Banks Balance Sheet 40760.00
EUR		 40550 40623 40694 40763 41332
Loans To Private Sector 9321.00
EUR Million		 9221 9190 9161 9134 8947
Private Debt to GDP 132.71
percent		 124 123 122 121 122
Central Bank Balance Sheet 15779.00
EUR		 15690 15737 15732 15735 15735
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 141.36
EUR Million		 190 -90 170 70 -190
Exports 2718.57
EUR Million		 2710 2290 2850 2720 2620
Imports 2577.21
EUR Million		 2520 2380 2680 2650 2810
Current Account 453.60
EUR Million		 303 295 293 293 293
Current Account to GDP 6.40
percent		 6.1 6.1 5.7 5.7 5.4
External Debt 43002.70
EUR Million		 43148 43109 43154 43143 43141
Capital Flows 366.60
EUR Million		 174 156 158 158 158
Foreign Direct Investment 110.70
EUR Million		 85.09 78.09 77.33 77.41 77.43
Tourist Arrivals 825363.00
 618700 251200 389600 493700 418700
Gold Reserves 3.20
Tonnes		 3.2 3.2 3.2 3.2 3.2
Terrorism Index 0.00
 0 0 0 0 0
Crude Oil Production 0.01
BBL/D/1K		 0 0 0 0 0
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 73.60
percent		 75 75 73 73 71
Government Budget 0.00
percent of GDP		 0.4 0.4 -2.18 -2.33 0.2
Government Budget Value -113.00
EUR Million		 -16.87 -23.34 -27.96 -22.26 -23.43
Government Spending 1902.40
EUR Million		 1862 1911 1913 1973 2059
Government Spending to GDP 43.10
percent		 44.51 44.55 44.75 44.94 47.21
Government Revenues 1460.00
EUR Million		 1468 1444 1446 1448 1447
Government Debt 30139.29
EUR Million		 30187 29967 30490 30247 30591
Fiscal Expenditure 1555.00
EUR Million		 1485 1467 1474 1470 1471
Military Expenditure 463.20
USD Million		 483 485 488 492 516
Asylum Applications 370.00
persons		 150 148 151 150 151
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 6.00
Percentage Points		 9 10 9 9 10
Industrial Production 5.80
percent		 5.9 4.3 4.2 3.7 2.7
Industrial Production Mom 0.30
percent		 0.26 0.23 0.23 0.22 0.22
Manufacturing Production 6.50
percent		 5.13 4.83 4.7 4.64 4.61
Capacity Utilization 84.60
percent		 85.43 84.7 83.87 83.04 80.58
Car Registrations 6407.00
 7216 7131 7099 7077 7056
Internet Speed 13655.66
KBps		 13021 13020 12998 12987 12970
IP Addresses 869230.00
IP		 919514 915599 914177 914286 916393
Mining Production -4.70
percent		 2.7 1.88 1.89 1.92 1.91
Steel Production 51.76
Thousand Tonnes		 56.2 55.15 56.27 56.11 56.05
Changes In Inventories 0.60
EUR Million		 0.6 0.6 0.6 0.6 0.6
Competitiveness Index 4.48
Points		 4.39 4.39 4.44 4.46 4.45
Competitiveness Rank 48.00
 56 56 49 47 47
Ease of Doing Business 37.00
 38 40 41 42 48
Electricity Production 1308.00
Gigawatt-hour		 1326 1321 1322 1322 1322
Corruption Index 61.00
Points		 62 62 62 62 62
Corruption Rank 34.00
 33 33 33 33 32
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence -4.00
Index Points		 -2 1 2 2 2
Retail Sales MoM -0.70
percent		 0.4 0.33 0.3 0.29 0.29
Retail Sales YoY 2.10
percent		 4.6 4.5 3.76 3.78 3.82
Consumer Spending 5221.40
EUR Million		 5302 5460 5427 5415 5883
Personal Savings 17.07
percent		 10.92 7.38 16.47 15.13 8.38
Consumer Credit 2584.00
EUR Million		 2617 2673 2723 2769 3041
Bank Lending Rate 2.31
percent		 2.31 2.31 2.31 2.31 3.06
Gasoline Prices 1.57
USD/Liter		 1.6 1.51 1.43 1.35 1.06
Households Debt To Income 44.59
percent		 43 42.98 42.57 42.16 36.12
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Construction Output 7.90
percent		 14.35 14.89 15 14.99 14.98
Housing Index 121.19
Index points		 123 124 124 123 121
Building Permits 248.00
 237 239 239 239 239
Home Ownership Rate 75.60
percent		 75.71 75.69 75.72 75.74 77.13
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 19.00
percent		 19 19 19.25 20 19
Personal Income Tax Rate 50.00
percent		 50 50 50 50 45
Sales Tax Rate 22.00
percent		 22 22 22 22 22
Social Security Rate 38.20
percent		 38.2 38.2 38 38 38
Social Security Rate For Companies 16.10
percent		 16.1 16.1 16.1 16.1 16.1
Social Security Rate For Employees 22.10
percent		 22.1 22.1 22.1 22.1 22.1
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 1.91
celsius		 18.19 5.14 1.56 15.99 9.9
Precipitation 2.54
mm		 129 128 79.79 110 117