Slovenia/Economy

Economy - overview: Slovenia continues to enjoy the highest GDP per capita of the transitioning economies of the region. The country is experiencing an increased, yet manageable, rate of inflation and anticipates increased GDP growth during the year 2000 as growth accelerates in the EU, Slovenia's leading export market. The country is on a sound economic footing. However, much work remains to be done in the areas of privatization and capital market reform. During 2000, privatizations are expected in the banking, telecommunications, and public utility sectors. Restrictions on foreign investment are slowly being dismantled, and foreign direct investment (FDI) is expected to increase over the next two years.

GDP: purchasing power parity - $21.4 billion (1999 est.)

GDP - real growth rate: 3.5% (1999 est.)

GDP - per capita: purchasing power parity - $10,900 (1999 est.)

GDP - composition by sector:
agriculture: 4%
industry: 35%
services: 61% (1998 est.)

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: 4%
highest 10%: 24.5% (1993)

Inflation rate (consumer prices): 6.3% (1999 est.)

Labor force: 857,400

Labor force - by occupation: agriculture NA%, industry NA%, services NA%

Unemployment rate: 7.1% (1997 est.)

Budget:
revenues: $8.11 billion
expenditures: $8.32 billion, including capital expenditures of $NA (1997 est.)

Industries: ferrous metallurgy and rolling mill products, aluminum reduction and rolled products, lead and zinc smelting, electronics (including military electronics), trucks, electric power equipment, wood products, textiles, chemicals, machine tools

Industrial production growth rate: 2% (1999)

Electricity - production: 13.18 billion kWh (1998)

Electricity - production by source:
fossil fuel: 37.1%
hydro: 24.7%
nuclear: 38.2%
other: 0% (1998)

Electricity - consumption: 10.661 billion kWh (1998)

Electricity - exports: 2.146 billion kWh (1998)

Electricity - imports: 550 million kWh (1998)

Agriculture - products: potatoes, hops, wheat, sugar beets, corn, grapes; cattle, sheep, poultry

Exports: $8.4 billion (f.o.b., 1999)

Exports - commodities: manufactured goods 45%, machinery and transport equipment 30%, chemicals 10%, food 3% (1997)

Exports - partners: Germany 28%, Italy 14%, Croatia 9%, France 8%, Austria 7% (1998)

Imports: $9.7 billion (f.o.b., 1999)

Imports - commodities: machinery and transport equipment 31%, manufactured goods 31%, chemicals 11%, fuels and lubricants, food (1997)

Imports - partners: Germany 21%, Italy 17%, France 12%, Austria 8%, Croatia 4%, Hungary 3%, Russia 3% (1998)

Debt - external: $4.9 billion (1998 est.)

Economic aid - recipient: ODA, $5 million (1993)

Currency: 1 tolar (SlT?) = 100 stotins

Exchange rates: tolars (SlT?) per US$1 - 195.06 (January 2000), 181.77 (1999), 166.13 (1998), 159.69 (1997), 135.36 (1996), 118.52 (1995)

Fiscal year: calendar year