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 Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 0.80 0.8 0.9 0.7 0.6 0.6 percent
Unemployment Rate 8.00 7.8 7.7 7.5 7.3 6.5 percent
Inflation Rate 2.20 2 1.9 2.2 2.1 2.5 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade 17.90 -90 170 70 47.41 -190 EUR Million
Government Debt to GDP 73.60 75 73 73 73 71 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 1.14
 1.15 1.14 1.13 1.13 1.1
Stock Market 817.42
points		 834 828 821 814 789
Government Bond 10y 1.12
percent		 1.12 1.16 1.21 1.27 1.5
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 0.80
percent		 0.8 0.9 0.7 0.6 0.6
GDP Annual Growth Rate 3.80
percent		 3.8 3.4 3.7 3.1 2.9
GDP 48.77
USD Billion		 49 51 51 51 52
GDP Constant Prices 10377.50
EUR Million		 10636 10643 10761 10699 11316
Gross National Product 43278.00
EUR Million		 44923 44749 44879 44620 47797
Gross Fixed Capital Formation 1963.10
EUR Million		 1981 2029 2036 2024 2108
GDP per capita 25662.41
USD		 26000 26250 26250 26250 26500
GDP per capita PPP 31400.84
USD		 31800 33000 33000 33000 33500
GDP From Agriculture 200.40
EUR Million		 194 147 208 207 207
GDP From Construction 478.50
EUR Million		 495 428 496 493 527
GDP From Manufacturing 2165.90
EUR Million		 2042 1991 2246 2233 2173
GDP From Public Administration 1483.60
EUR Million		 1590 1530 1538 1530 1691
GDP From Services 2079.10
EUR Million		 1865 1756 2156 2144 1985
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 8.00
percent		 7.8 7.7 7.5 7.3 6.5
Employed Persons 872448.00
 880102 882564 885819 888093 899530
Unemployed Persons 73781.00
 72672 73216 73592 73553 73559
Long Term Unemployment Rate 2.30
percent		 2.12 2.01 1.94 1.89 1.66
Youth Unemployment Rate 8.50
percent		 8.59 8.57 8.57 8.57 8.57
Labour Costs 112.48
Index Points		 115 115 116 117 124
Job Vacancies 14476.00
 14129 14088 14085 14085 14084
Wages 1670.00
EUR/Month		 1750 1710 1662 1662 1850
Wages in Manufacturing 1650.00
EUR/Month		 1770 1660 1630 1630 1850
Wage Growth 3.46
percent		 3.42 3.44 3.45 3.45 3.45
Minimum Wages 842.79
EUR/Month		 843 880 880 880 925
Population 2.07
Million		 2.07 2.08 2.08 2.08 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 59.10
percent		 59.15 58.82 59.14 59.38 59.18
Productivity 110.80
Index Points		 108 104 112 118 111
Part Time Employment 100.30
Thousand		 99.91 99.73 99.78 99.8 99.8
Employment Change 0.70
percent		 0.74 0.73 0.75 0.74 0.74
Employment Rate 71.10
percent		 71.55 71.15 71.91 72.47 72.4
Full Time Employment 863.40
Thousand		 873 860 871 881 881
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 2.20
percent		 2 1.9 2.2 2.1 2.5
Harmonised Consumer Prices 103.21
Index Points		 104 105 106 106 109
Consumer Price Index CPI 103.96
Index Points		 104 104 106 106 109
Core Consumer Prices 103.40
Index Points		 103 104 105 105 106
Core Inflation Rate 1.36
percent		 1.3 1.35 1.36 1.38 1.43
GDP Deflator 102.00
Index Points		 101 101 102 102 102
Producer Prices 103.20
Index Points		 104 105 106 106 109
Inflation Rate Mom 0.30
percent		 0.11 0.1 0.18 0.08 0.14
Producer Prices Change 2.20
percent		 2.5 2.6 2.7 2.6 2.2
CPI Housing Utilities 108.03
Index Points		 105 106 107 109 110
CPI Transportation 99.31
Index Points		 101 100 102 102 105
Food Inflation 2.70
percent		 2.5 2.6 2.7 2.8 3.7
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 0.00
percent		 0 0 0 0.25 0.75
Interbank Rate -0.32
percent		 -0.32 -0.32 -0.32 -0.07 0.43
Money Supply M0 5138.00
EUR Million		 5191 5250 5308 5366 5887
Money Supply M1 19465.00
EUR Million		 19950 20409 20850 21278 24603
Money Supply M2 25772.00
EUR Million		 26140 26488 26829 27164 29971
Money Supply M3 25757.00
EUR Million		 25976 26190 26400 26605 28269
Foreign Exchange Reserves 338.70
EUR Million		 342 341 341 341 341
Banks Balance Sheet 40488.00
EUR		 40596 40650 40701 40750 41125
Loans To Private Sector 9322.00
EUR Million		 9315 9310 9305 9301 9272
Private Debt to GDP 123.70
percent		 122 122 122 121 123
Central Bank Balance Sheet 15465.00
EUR		 15539 15492 15501 15497 15498
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 17.90
EUR Million		 -90 170 70 47.41 -190
Exports 2581.70
EUR Million		 2290 2850 2720 2555 2620
Imports 2563.84
EUR Million		 2380 2680 2650 2508 2810
Current Account 341.40
EUR Million		 329 330 329 329 329
Current Account to GDP 6.40
percent		 6.1 5.7 5.7 5.7 5.4
External Debt 42617.80
EUR Million		 43417 42841 43383 42888 43238
Capital Flows 8.90
EUR Million		 158 170 168 168 168
Foreign Direct Investment 293.50
EUR Million		 96.95 96.8 96.05 95.93 95.94
Tourist Arrivals 585659.00
 154200 424700 510600 367900 412300
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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 73.60
percent		 75 73 73 73 71
Government Budget 0.00
percent of GDP		 0.4 0.5 0.5 0.5 0.2
Government Budget Value 50.00
EUR Million		 69.16 50.82 61.8 59.34 59.99
Government Spending 1902.40
EUR Million		 1911 1913 1973 1961 2033
Government Spending to GDP 43.10
percent		 43.1 43.1 43.1 43.1 43.1
Government Revenues 1463.00
EUR Million		 1532 1503 1511 1510 1510
Government Debt 29369.21
EUR Million		 29254 29700 29259 29531 29340
Fiscal Expenditure 1379.00
EUR Million		 1454 1452 1449 1450 1450
Military Expenditure 463.20
USD Million		 485 488 492 496 516
Asylum Applications 370.00
persons		 293 300 300 301 301
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Business Confidence 10.00
Percentage Points		 10 9 9 10 10
Industrial Production 0.50
percent		 4.3 4.2 3.7 3.9 2.7
Industrial Production Mom -2.10
percent		 0.13 0.21 0.25 0.23 0.23
Manufacturing Production 0.50
percent		 1.73 1.08 0.79 0.66 0.58
Capacity Utilization 85.60
percent		 83.83 84.96 84.26 83.53 80.65
Car Registrations 5784.00
 6045 6044 6045 6045 6045
Internet Speed 13655.66
KBps		 13020 12998 12987 12983 12970
IP Addresses 869230.00
IP		 915599 914177 914286 915008 916393
Mining Production 6.60
percent		 2.12 1.92 1.99 1.97 1.97
Steel Production 58.50
Thousand Tonnes		 53.51 55.35 54.39 54.75 54.71
Changes In Inventories 0.60
EUR Million		 0.6 0.6 0.6 0.6 0.6
Competitiveness Index 69.62
Points		 70.12 70.12 70.12 70.12 72.62
Competitiveness Rank 35.00
 35 35 35 35 35
Ease of Doing Business 40.00
 38 40 40 41 43
Electricity Production 1309.00
Gigawatt-hour		 1321 1322 1322 1322 1322
Corruption Index 61.00
Points		 61 61 61 61 61
Corruption Rank 34.00
 34 34 34 34 34
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Confidence -7.00
Index Points		 -9 -11 -12 -13 -19
Retail Sales MoM 0.80
percent		 1.1 0.33 0.1 0.2 0.3
Retail Sales YoY 5.20
percent		 4.5 5.08 5.13 5.16 5.19
Consumer Spending 5221.40
EUR Million		 5460 5427 5415 5383 5810
Personal Savings 17.36
percent		 8.01 16.7 17.4 12.81 9.18
Consumer Credit 2626.00
EUR Million		 2686 2740 2788 2833 3085
Bank Lending Rate 2.36
percent		 2.26 2.26 2.26 2.51 3.01
Gasoline Prices 1.54
USD/Liter		 1.52 1.49 1.46 1.43 1.33
Households Debt To Income 45.04
percent		 44.52 44.61 44.7 44.79 44.74
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Construction Output 26.30
percent		 21.97 22.56 22.59 22.61 22.61
Housing Index 126.34
Index points		 131 132 132 132 130
Building Permits 244.00
 245 259 256 256 256
Home Ownership Rate 75.60
percent		 75.69 75.72 75.74 75.76 77.13
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 19.00
percent		 19 19 19 19 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 38.2 38.2 38.2
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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 1.91
celsius		 5.14 1.56 15.99 11.93 9.9
Precipitation 2.54
mm		 128 79.79 110 110 117



Slovenia - Economic Forecasts - 2018-2020 Outlook