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 Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 2.00 0.8 0.9 0.8 1 0.6 percent
Unemployment Rate 9.10 8.7 8.3 8 7.7 6.5 percent
Inflation Rate 1.50 1.9 2 2.1 1.3 2.5 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade 130.63 110 190 -90 170 -190 EUR Million
Government Debt to GDP 73.60 75 75 75 73 71 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 1.17
 1.21 1.19 1.17 1.15 1.08
Stock Market 896.10
points		 800 781 762 743 674
Government Bond 10y 1.12
percent		 1.14 1.32 1.53 1.78 3.23
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 2.00
percent		 0.8 0.9 0.8 1 0.6
GDP Annual Growth Rate 6.00
percent		 5.1 4.7 3.8 3.4 3.6
GDP 43.99
USD Billion		 44.5 45.35 52.65 54.47 56.58
GDP Constant Prices 10283.90
EUR Million		 10210 10317 10675 10150 11501
Gross National Product 43278.00
EUR Million		 41449 41368 44923 41792 48401
Gross Fixed Capital Formation 1902.70
EUR Million		 1847 1853 1975 1855 2128
GDP per capita 24356.94
USD		 24950 24950 24950 25150 25360
GDP per capita PPP 29803.45
USD		 29734 29943 30153 30838 30927
GDP From Agriculture 173.30
EUR Million		 184 171 180 142 194
GDP From Construction 489.40
EUR Million		 451 475 508 386 547
GDP From Manufacturing 1969.00
EUR Million		 2081 1940 2044 1849 2202
GDP From Public Administration 1549.30
EUR Million		 1512 1525 1608 1525 1733
GDP From Services 1815.70
EUR Million		 2038 2135 1885 1679 2031
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 9.10
percent		 8.7 8.3 8 7.7 6.5
Employed Persons 863173.00
 851140 850829 851669 851970 851736
Unemployed Persons 78555.00
 90878 88905 85802 85457 86339
Long Term Unemployment Rate 2.70
percent		 3.15 3.15 3.15 3.15 3.15
Youth Unemployment Rate 9.60
percent		 11.79 11.39 11.08 11 11.59
Labour Costs 112.23
Index Points		 110 110 110 110 110
Job Vacancies 12153.00
 11154 11131 11126 11128 11128
Wages 1671.00
EUR/Month		 1640 1660 1750 1710 1850
Wages in Manufacturing 1640.00
EUR/Month		 1580 1565 1770 1660 1850
Wage Growth 2.90
percent		 3.07 2.82 3.02 3.19 3.13
Minimum Wages 842.79
EUR/Month		 843 843 843 880 925
Population 2.07
Million		 2.07 2.07 2.07 2.07 2.08
Retirement Age Women 59.67
 59.67 59.67 59.67 59.67 59.67
Retirement Age Men 60.00
 60 60 60 60 60
Labor Force Participation Rate 58.80
percent		 58.79 58.79 58.79 58.79 58.79
Productivity 106.10
Index Points		 106 116 106 116 106
Part Time Employment 96.70
Thousand		 95.32 94.77 94.06 93.43 87.62
Employment Change 0.70
percent		 0.7 0.7 0.7 0.7 0.7
Employment Rate 70.30
percent		 69.75 69.75 69.75 69.75 69.75
Full Time Employment 858.60
Thousand		 855 854 855 855 855
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 1.50
percent		 1.9 2 2.1 1.3 2.5
Harmonised Consumer Prices 103.07
Index Points		 103 103 104 104 109
Consumer Price Index CPI 102.86
Index Points		 104 103 104 103 109
Core Consumer Prices 102.88
Index Points		 104 103 103 103 105
Core Inflation Rate 1.14
percent		 1.03 1.08 0.98 1.02 1.02
GDP Deflator 102.00
Index Points		 102 102 102 102 102
Producer Prices 100.10
Index Points		 103 103 104 102 108
Inflation Rate Mom 0.70
percent		 -0.09 0.11 0.03 0.07 0.07
Producer Prices Change 2.20
percent		 2.2 2.1 2 2.3 2.2
CPI Housing Utilities 104.34
Index Points		 103 104 105 105 110
CPI Transportation 98.25
Index Points		 99.57 102 101 99.48 105
Food Inflation 3.70
percent		 3.8 3.9 3.92 3.93 3.93
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 0.00
percent		 0 0 0 0.25 0.75
Interbank Rate -0.33
percent		 -0.33 -0.33 -0.08 -0.08 0.42
Money Supply M0 4975.00
EUR Million		 4898 4891 4898 4901 4900
Money Supply M1 18397.00
EUR Million		 18893 19362 19818 20259 24280
Money Supply M2 24997.00
EUR Million		 25347 25692 26032 26367 29740
Money Supply M3 24923.00
EUR Million		 25055 25237 25415 25588 27272
Foreign Exchange Reserves 274.00
EUR Million		 336 403 467 529 1089
Banks Balance Sheet 40168.00
EUR		 40298 40215 40066 40368 40291
Loans To Private Sector 9281.00
EUR Million		 9344 9333 9323 9314 9245
Private Debt to GDP 132.71
percent		 125 124 123 122 122
Central Bank Balance Sheet 14831.00
EUR		 14554 14492 14441 14398 14205
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 130.63
EUR Million		 110 190 -90 170 -190
Exports 2739.62
EUR Million		 2590 2710 2290 2850 2620
Imports 2608.98
EUR Million		 2480 2520 2380 2680 2810
Current Account 280.90
EUR Million		 196 322 236 262 257
Current Account to GDP 6.40
percent		 6.1 6.1 6.1 5.7 5.4
External Debt 42462.20
EUR Million		 43452 43398 43401 43401 43401
Capital Flows -200.90
EUR Million		 158 158 158 158 158
Foreign Direct Investment 172.10
EUR Million		 43.49 43.53 43.53 43.53 43.53
Tourist Arrivals 249011.00
 400900 347300 346500 365500 357800
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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 73.60
percent		 75 75 75 73 71
Government Budget 0.00
percent of GDP		 0.4 0.4 0.4 -0.8 0.2
Government Budget Value -112.00
EUR Million		 -93.85 -57.93 -102 -96.76 -190
Government Spending 1908.90
EUR Million		 1887 1905 1981 1888 2135
Government Spending to GDP 43.10
percent		 47.12 46.81 46.5 46.62 47.36
Government Revenues 1382.00
EUR Million		 1365 1384 1366 1350 1256
Government Debt 30139.29
EUR Million		 29164 29893 29377 29742 29587
Fiscal Expenditure 1506.00
EUR Million		 1459 1442 1444 1447 1446
Military Expenditure 463.20
USD Million		 405 405 405 405 406
Asylum Applications 220.00
persons		 154 171 165 167 167
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Business Confidence 8.00
Percentage Points		 7.19 9.63 4 10.94 2
Industrial Production 6.40
percent		 9.44 7.99 3.2 6 2.7
Industrial Production Mom 0.50
percent		 0.95 0.86 0.85 0.84 0.84
Manufacturing Production 7.50
percent		 8.77 7.98 9.32 10.82 9.48
Capacity Utilization 86.00
percent		 85.28 85.08 85.22 85.12 85.16
Car Registrations 8003.00
 6218 5780 6010 5995 5967
Internet Speed 13655.66
KBps		 13040 13021 13020 12998 12970
IP Addresses 869230.00
IP		 926449 919514 915599 914177 916393
Mining Production -19.00
percent		 3.66 4.19 4.04 4.09 4.08
Steel Production 66.62
Thousand Tonnes		 52.99 53.82 53.82 53.55 53.68
Changes In Inventories 1.00
EUR Million		 1 1 1 1 1
Competitiveness Index 4.48
Points		 4.43 4.43 4.43 4.43 4.43
Competitiveness Rank 48.00
 52 52 52 52 52
Ease of Doing Business 37.00
 37 38 40 41 48
Electricity Production 1309.00
Gigawatt-hour		 1343 1326 1326 1327 1325
Corruption Index 61.00
Points		 61 61 61 61 61
Corruption Rank 34.00
 34 34 34 34 34
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Confidence 1.00
Index Points		 2 2 3 -1.59 5
Retail Sales MoM 0.50
percent		 -0.01 0.01 0 0 0
Retail Sales YoY -0.50
percent		 -2.49 -3.05 -3.31 -3.44 -3.58
Consumer Spending 5334.70
EUR Million		 5332 5387 5537 5320 5966
Personal Savings 6.93
percent		 12.55 12.55 12.55 12.55 12.55
Consumer Credit 2469.00
EUR Million		 2488 2521 2550 2576 2727
Bank Lending Rate 2.55
percent		 2.35 2.39 2.43 2.47 2.86
Gasoline Prices 1.57
USD/Liter		 1.47 1.39 1.31 1.23 0.86
Households Debt To Income 44.59
percent		 43.01 43 42.98 42.57 36.12
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Construction Output -2.00
percent		 38.26 30.76 24.35 19.32 4.07
Housing Index 116.07
Index points		 118 119 119 119 113
Building Permits 179.00
 205 288 304 215 254
Home Ownership Rate 75.10
percent		 75.7 75.43 75.17 75.16 75.15
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 19.00
percent		 19 19 19 18 19
Personal Income Tax Rate 50.00
percent		 50 50 50 50 45
Sales Tax Rate 22.00
percent		 22 22 22 22 21
Social Security Rate 38.20
percent		 38.2 38.2 38.2 38 38
Social Security Rate For Companies 16.10
percent		 16.08 16.08 16.08 16.08 16.07
Social Security Rate For Employees 22.10
percent		 22.1 22.1 22.1 22.1 22.1
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 1.91
celsius		 13.88 18.19 5.14 1.56 9.9
Precipitation 2.54
mm		 121 129 128 79.79 117