Slovenia | Economic Forecasts | 2017-2020 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 Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 1.10 0.8 0.7 0.7 0.6 0.5 percent [+]
Unemployment Rate 9.00 8.8 8.7 8.6 8.5 7.2 percent [+]
Inflation Rate 1.40 1.6 1.7 1.9 2 2.5 percent [+]
Interest Rate 0.00 0 0 0 0.25 0.75 percent [+]
Balance of Trade -34.94 4.31 -1.96 -10.9 -19.86 -53.45 EUR Million [+]
Government Debt to GDP 78.50 77 75 75 75 71 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 1.18 1.16 1.15 1.13 1.12 0.99 [+]
Stock Market 810.37 793 785 777 769 681 points [+]
Government Bond 10y 0.91 0.99 1 1.01 1.02 1.13 percent [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 1.10 0.8 0.7 0.7 0.6 0.5 percent [+]
GDP Annual Growth Rate 4.40 4.2 4 3.8 3.6 2.5 percent [+]
GDP 43.99 51.56 44.4 43.4 42.4 56.58 USD Billion [+]
GDP Constant Prices 9935.20 10057 10088 10106 10114 10017 EUR Million [+]
Gross National Product 20725.35 20396 20666 20937 21208 18492 EUR Million [+]
Gross Fixed Capital Formation 1780.20 1800 1801 1803 1802 1793 EUR Million [+]
GDP per capita 24356.94 24630 24950 24950 24950 25360 USD [+]
GDP per capita PPP 29803.45 30032 30014 29997 29979 29457 USD [+]
GDP From Agriculture 179.40 191 148 172 158 172 EUR Million [+]
GDP From Construction 439.50 427 405 439 452 430 EUR Million [+]
GDP From Manufacturing 2032.00 1861 1795 1917 1883 1870 EUR Million [+]
GDP From Public Administration 1476.30 1496 1484 1482 1489 1486 EUR Million [+]
GDP From Services 1977.60 1714 1659 1925 1964 1775 EUR Million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 9.00 8.8 8.7 8.6 8.5 7.2 percent [+]
Employed Persons 847903.00 847202 845993 845008 843996 836674 [+]
Unemployed Persons 83843.00 84123 85770 87647 89487 99829 [+]
Long Term Unemployment Rate 3.60 3.45 3.42 3.49 3.43 3.47 percent [+]
Youth Unemployment Rate 11.10 11.93 12.29 12.62 12.91 14.62 percent [+]
Labour Costs 108.10 108 108 108 108 107 Index Points [+]
Job Vacancies 11813.00 11833 11915 12015 12100 12589 [+]
Wages 1593.00 1591 1588 1584 1581 1553 EUR/Month [+]
Wages in Manufacturing 1535.00 1539 1535 1532 1529 1502 EUR/Month [+]
Wage Growth 2.80 2.86 2.93 2.96 2.99 3.14 percent [+]
Minimum Wages 804.96 795 805 806 805 810 EUR/Month [+]
Population 2.07 2.07 2.07 2.07 2.07 2.08 Million [+]
Retirement Age Women 63.50 63.5 64 64 63.77 65 [+]
Retirement Age Men 65.00 65 65 65 64.61 65 [+]
Employment Change 0.70 0.48 0.41 0.34 0.29 0.09 percent [+]
Employment Rate 69.10 67.52 67.7 68.18 67.89 67.06 percent [+]
Full Time Employment 823.00 826 825 824 825 826 Thousand [+]
Productivity 106.50 102 104 106 109 105 Index Points [+]
Part Time Employment 96.20 90.46 90.16 89.5 88.97 84.67 Thousand [+]
Labor Force Participation Rate 58.10 57.65 57.81 57.97 57.95 58.07 percent [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 1.40 1.6 1.7 1.9 2 2.5 percent [+]
Harmonised Consumer Prices 101.60 102 102 102 102 101 Index Points [+]
Consumer Price Index CPI 101.40 101 101 101 101 101 Index Points [+]
Core Consumer Prices 101.99 102 102 102 102 102 Index Points [+]
Core Inflation Rate 1.15 1.22 1.29 1.36 1.42 1.91 percent [+]
GDP Deflator 100.60 108 109 110 111 122 Index Points [+]
Producer Prices 105.60 113 115 115 106 134 Index Points [+]
Export Prices 101.00 103 103 102 102 101 Index Points [+]
Import Prices 101.70 105 104 102 101 102 Index Points [+]
CPI Housing Utilities 102.30 103 103 103 103 102 Index Points [+]
CPI Transportation 100.60 101 101 101 101 99.58 Index Points [+]
Food Inflation 2.00 2.54 2.92 3.21 3.44 4.25 percent [+]
Producer Prices Change 2.30 3 2.8 2.8 2.36 2.2 percent [+]
Inflation Rate Mom 0.20 0.27 0.23 0.24 0.24 0.24 percent [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 0.00 0 0 0 0.25 0.75 percent [+]
Interbank Rate -0.33 -0.29 -0.25 -0.2 -0.15 0.22 percent [+]
Money Supply M0 4900.00 4894 4892 4889 4886 4855 EUR Million [+]
Money Supply M1 17192.00 17550 17651 17673 17653 17096 EUR Million [+]
Money Supply M2 23928.00 24124 24147 24137 24116 23882 EUR Million [+]
Money Supply M3 23894.00 23856 23786 23715 23645 23058 EUR Million [+]
Foreign Exchange Reserves 304.10 372 439 505 568 1045 EUR Million [+]
Banks Balance Sheet 40170.00 40169 40335 40514 40696 42171 EUR [+]
Central Bank Balance Sheet 14160.00 13898 13680 13475 13282 12003 EUR [+]
Private Debt to GDP 132.71 123 122 121 120 121 percent [+]
Loans To Private Sector 9425.00 9572 9706 9850 9995 11183 EUR Million [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -34.94 4.31 -1.96 -10.9 -19.86 -53.45 EUR Million [+]
Exports 2054.24 2191 2270 2263 2242 2190 EUR Million [+]
Imports 2089.18 2174 2202 2187 2178 2114 EUR Million [+]
Current Account 280.90 214 192 172 155 70.41 EUR Million [+]
Current Account to GDP 6.80 6.4 6.1 6.1 6.1 5.4 percent [+]
External Debt 43225.30 41851 40608 39228 37881 27858 EUR Million [+]
Terms of Trade 99.00 99.68 99.58 99.48 99.38 100 Index Points [+]
Capital Flows 93.00 21.73 1.62 -7.54 -12.23 -16.9 EUR Million [+]
Foreign Direct Investment 55.50 42.37 42.54 42.61 42.62 42.63 EUR Million [+]
Tourist Arrivals 679743.00 145200 254800 339700 282100 284700 [+]
Gold Reserves 3.17 3.3 3.37 3.43 3.48 3.73 Tonnes [+]
Crude Oil Production 0.00 0 0 0 0 0 BBL/D/1K [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 78.50 77 75 75 75 71 percent [+]
Government Budget -1.90 -0.8 0.4 0.4 0.4 0.2 percent of GDP [+]
Government Budget Value 1.00 -55.84 -62.58 -64.28 -64.74 -64.93 EUR Million [+]
Government Spending 1835.90 1841 1844 1845 1847 1840 EUR Million [+]
Government Spending to GDP 45.50 45.64 45.76 45.87 45.98 47.07 percent [+]
Government Revenues 1284.00 1369 1350 1349 1335 1252 EUR Million [+]
Government Debt 29607.01 30338 30524 30652 30728 30074 EUR Million [+]
Fiscal Expenditure 1464.00 1366 1352 1338 1325 1244 EUR Million [+]
Asylum Applications 150.00 55.12 43.38 38.84 37.07 35.91 persons [+]
Military Expenditure 404.80 425 432 438 444 498 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Business Confidence 10.00 5 5.33 3.23 1.7 2 [+]
Industrial Production 8.30 3.6 5.34 4.7 4.2 2.7 percent [+]
Industrial Production Mom 1.40 0.27 0.23 0.22 0.21 0.21 percent [+]
Manufacturing Production 6.70 5.28 4.68 4.21 3.85 2.81 percent [+]
Capacity Utilization 85.10 84.35 83.47 82.55 81.73 80.45 percent [+]
Car Registrations 5403.00 5247 5126 5084 5069 5060 Cars [+]
Changes In Inventories 1.00 1.17 1.31 1.44 1.56 1.76 EUR Million [+]
Competitiveness Index 4.48 4.44 4.44 4.44 4.44 4.54 Points [+]
Competitiveness Rank 48.00 54 54 54 54 48 [+]
Ease of Doing Business 30.00 32 32 33 34 41 [+]
Electricity Production 1352.00 1320 1322 1322 1322 1322 Gigawatt-hour [+]
Corruption Index 61.00 63 63 63 63 63 Points [+]
Corruption Rank 31.00 27 27 27 26 27 [+]
Steel Production 57.51 52.19 50.2 49.35 48.43 44.39 Thousand Tonnes [+]
Mining Production 46.30 4.28 2.39 2.37 2.38 2.37 percent [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Confidence -3.00 -6.41 -8.98 -11 -12.62 -18.38 [+]
Retail Sales MoM 0.70 0.2 0.26 0.27 0.27 0.27 percent [+]
Retail Sales YoY 7.50 7.2 6.67 6.22 5.84 4.34 percent [+]
Consumer Spending 5207.40 5224 5239 5241 5244 5219 EUR Million [+]
Personal Savings 14.73 10.63 16.21 15.19 14.02 12.51 percent [+]
Consumer Credit 2333.00 2368 2378 2382 2382 2354 EUR Million [+]
Bank Lending Rate 2.44 2.47 2.51 2.56 2.6 2.94 percent [+]
Gasoline Prices 1.50 1.49 1.49 1.48 1.47 1.42 USD/Liter [+]
Households Debt To Income 45.45 42.85 42.2 41.55 40.9 32.96 percent [+]
HOUSING Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Construction Output 7.60 6.9 4.8 3.46 2.53 0.28 percent [+]
Housing Index 111.42 114 116 116 116 113 Index points [+]
Building Permits 278.00 233 233 234 233 233 [+]
Home Ownership Rate 75.10 75.81 75.83 75.86 75.89 77.02 percent [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 17.00 19 17.3 17.3 17.3 19 percent [+]
Personal Income Tax Rate 50.00 45 48.93 48.75 48.57 45 percent [+]
Sales Tax Rate 22.00 21.75 21.75 21.75 21.75 21.3 percent [+]
Social Security Rate 38.20 38.18 38.18 38.18 38.17 38.17 percent [+]
Social Security Rate For Companies 16.10 16.08 16.08 16.08 16.07 16.07 percent [+]
Social Security Rate For Employees 22.10 22.1 22.1 22.1 22.1 22.1 percent [+]