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 Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 1.00 0.7 0.7 0.6 0.6 0.5 percent
Unemployment Rate 8.70 8.7 8.6 8.5 8.4 7.2 percent
Inflation Rate 1.50 1.7 1.9 2 2.1 2.5 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade -17.08 -5.19 -2.89 -10.64 -19.53 -54.87 EUR Million
Government Debt to GDP 78.50 75 75 75 75 71 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 1.24
1.21 1.19 1.17 1.15 1.07
Stock Market 815.88
points
803 785 767 750 624
Government Bond 10y 1.26
percent
1.36 1.58 1.83 2.13 3.86
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 1.00
percent
0.7 0.7 0.6 0.6 0.5
GDP Annual Growth Rate 4.50
percent
4 3.8 3.6 3.2 2.5
GDP 43.99
USD Billion
41.42 42.75 44.07 52.65 56.58
GDP Constant Prices 10049.00
EUR Million
10161 10189 10206 10213 10128
Gross National Product 20725.35
EUR Million
31124 27548 23972 20396 18492
Gross Fixed Capital Formation 1776.00
EUR Million
1778 1777 1777 1776 1774
GDP per capita 24356.94
USD
24950 24950 24950 24950 25360
GDP per capita PPP 29803.45
USD
29294 29540 29786 30032 29457
GDP From Agriculture 166.80
EUR Million
148 172 158 184 172
GDP From Construction 464.40
EUR Million
402 436 445 421 425
GDP From Manufacturing 1896.40
EUR Million
1800 1918 1892 1897 1876
GDP From Public Administration 1492.90
EUR Million
1483 1482 1488 1489 1485
GDP From Services 2080.20
EUR Million
1641 1934 2057 1791 1841
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 8.70
percent
8.7 8.6 8.5 8.4 7.2
Employed Persons 856201.00
850927 851244 849688 848723 838542
Unemployed Persons 87919.00
91265 94993 97007 98312 103759
Long Term Unemployment Rate 3.00
percent
2.82 2.8 2.81 2.85 3.26
Youth Unemployment Rate 12.50
percent
12.78 13.09 13.37 13.61 15.25
Labour Costs 110.40
Index Points
111 111 111 111 110
Job Vacancies 13199.00
10695 11464 11590 11669 12514
Wages 1723.00
EUR/Month
1700 1687 1688 1685 1650
Wages in Manufacturing 1738.00
EUR/Month
1726 1703 1696 1692 1645
Wage Growth 4.20
percent
4.04 3.96 3.91 3.87 3.59
Minimum Wages 842.79
EUR/Month
843 843 843 843 925
Population 2.07
Million
2.07 2.07 2.07 2.07 2.08
Retirement Age Women 63.50
64 64 64 64 65
Retirement Age Men 65.00
65 65 65 65 65
Labor Force Participation Rate 59.20
percent
58.23 58.29 58.55 58.53 58.31
Productivity 116.20
Index Points
104 107 114 105 107
Part Time Employment 99.30
Thousand
96.41 95.48 94.91 94.19 87.71
Employment Change 0.60
percent
0.43 0.36 0.3 0.26 0.09
Employment Rate 70.40
percent
68.67 69.09 69.32 68.89 67.84
Full Time Employment 859.10
Thousand
835 841 847 845 840
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 1.50
percent
1.7 1.9 2 2.1 2.5
Harmonised Consumer Prices 101.56
Index Points
101 101 101 101 101
Consumer Price Index CPI 101.18
Index Points
101 101 101 101 100
Core Consumer Prices 100.97
Index Points
101 101 101 101 100
Core Inflation Rate 1.26
percent
1.3 1.36 1.43 1.49 2.08
GDP Deflator 100.60
Index Points
109 109 109 109 122
Producer Prices 106.30
Index Points
115 115 107 121 134
Inflation Rate Mom -0.80
percent
0.3 0.14 0.02 0.16 0.09
Producer Prices Change 2.20
percent
2.8 2.8 2.06 2.6 2.2
CPI Housing Utilities 104.01
Index Points
104 104 104 104 103
CPI Transportation 98.57
Index Points
98.26 98.14 98.02 97.9 96.57
Food Inflation 2.90
percent
3.26 3.5 3.68 3.82 4.37
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 0.00
percent
0 0 0 0.25 0.75
Interbank Rate -0.33
percent
-0.31 -0.26 -0.22 -0.17 0.3
Money Supply M0 5013.00
EUR Million
4994 4992 4990 4986 4948
Money Supply M1 17952.00
EUR Million
18252 18402 18461 18465 17761
Money Supply M2 24578.00
EUR Million
24783 24849 24858 24845 24530
Money Supply M3 24502.00
EUR Million
24491 24430 24366 24301 23583
Foreign Exchange Reserves 283.80
EUR Million
326 393 458 521 1129
Banks Balance Sheet 40428.00
EUR
40668 40867 41050 41227 42975
Loans To Private Sector 9311.00
EUR Million
9307 9381 9495 9626 11152
Private Debt to GDP 132.71
percent
126 125 124 123 121
Central Bank Balance Sheet 14882.00
EUR
14735 14542 14354 14175 12575
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -17.08
EUR Million
-5.19 -2.89 -10.64 -19.53 -54.87
Exports 2200.96
EUR Million
2483 2455 2414 2406 2349
Imports 2218.04
EUR Million
2425 2340 2338 2336 2251
Current Account 152.40
EUR Million
137 133 119 104 36.5
Current Account to GDP 6.80
percent
6.1 6.1 6.1 6.1 5.4
External Debt 43468.00
EUR Million
42289 41087 39969 38806 27516
Terms of Trade 99.00
Index Points
99.7 99.69 99.68 99.68 100
Capital Flows -142.30
EUR Million
19.38 23.73 -0.7 -4.07 -14.12
Foreign Direct Investment 80.80
EUR Million
51.43 45.03 43.89 43.68 43.62
Tourist Arrivals 239674.00
245200 339900 294500 273800 290500
Gold Reserves 3.17
Tonnes
3.23 3.3 3.36 3.42 3.68
Terrorism Index 0.00
0 0 0 0 0
Crude Oil Production 0.01
BBL/D/1K
0 0 0 0 0
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 78.50
percent
75 75 75 75 71
Government Budget -0.80
percent of GDP
0.4 0.4 0.4 0.4 0.2
Government Budget Value -173.00
EUR Million
-92.35 -72.2 -66.88 -65.4 -64.76
Government Spending 1854.50
EUR Million
1872 1881 1887 1892 1912
Government Spending to GDP 45.50
percent
46.23 46.03 45.84 45.64 47.07
Government Revenues 1404.00
EUR Million
1384 1371 1354 1344 1241
Government Debt 30079.74
EUR Million
30819 30992 31092 31126 30530
Fiscal Expenditure 1588.00
EUR Million
1436 1413 1396 1380 1256
Military Expenditure 404.80
USD Million
417 419 422 425 498
Asylum Applications 150.00
persons
108 86.31 72.29 62.87 43.71
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Business Confidence 14.00
Index Points
12.05 8.94 6.06 4 2
Industrial Production 12.20
percent
9.94 8.28 7.05 3.2 2.7
Industrial Production Mom 2.70
percent
0.57 0.31 0.22 0.23 0.23
Manufacturing Production 13.30
percent
10.91 9.09 7.73 6.68 3.3
Capacity Utilization 85.00
percent
84.44 84.16 83.29 82.44 80.69
Car Registrations 4113.00
4951 5040 5057 5064 5068
Internet Speed 13655.66
KBps
12170 11867 11605 11332 9586
IP Addresses 869230.00
IP
904734 897247 891168 885162 845161
Mining Production -3.10
percent
2.02 1.93 2.03 2.04 2.04
Steel Production 46.68
Thousand Tonnes
53.11 50.75 49.37 48.52 44.05
Changes In Inventories 1.00
EUR Million
1.16 1.31 1.44 1.55 1.72
Competitiveness Index 4.48
Points
4.44 4.44 4.44 4.44 4.49
Competitiveness Rank 48.00
54 54 54 54 48
Ease of Doing Business 37.00
35 37 38 40 47
Electricity Production 1324.00
Gigawatt-hour
1323 1322 1322 1322 1322
Corruption Index 61.00
Points
61 61 62 63 63
Corruption Rank 31.00
30 29 28 27 27
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Confidence 2.00
Index Points
1 2 2 3 5
Retail Sales MoM -2.30
percent
0.01 0.24 0.27 0.26 0.25
Retail Sales YoY 1.70
percent
2.43 2.76 2.93 3.06 3.53
Consumer Spending 5244.60
EUR Million
5269 5281 5285 5293 5279
Personal Savings 10.37
percent
16.41 15.35 11.4 10.79 12.12
Consumer Credit 2411.00
EUR Million
2435 2444 2446 2444 2383
Bank Lending Rate 2.38
percent
2.4 2.44 2.49 2.53 2.95
Gasoline Prices 1.57
USD/Liter
1.58 1.59 1.59 1.58 1.51
Households Debt To Income 44.59
percent
43.18 43 42.82 42.64 36.74
HOUSING Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Construction Output 21.20
percent
14.69 11.34 8.66 6.64 1.1
Housing Index 111.89
Index points
114 114 114 114 112
Building Permits 320.00
241 244 240 240 240
Home Ownership Rate 75.10
percent
76.69 76.39 76.1 75.81 77.02
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 19.00
percent
17 17 17 19 19
Personal Income Tax Rate 50.00
percent
49 49 49 45 45
Sales Tax Rate 22.00
percent
22 22 22 22 21
Social Security Rate 38.20
percent
38 38 38 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Temperature 1.91
celsius
1.55 13.88 18.19 5.14 9.9
Precipitation 2.54
mm
79.63 121 129 128 117