Business
- On 1 January 2007 Slovenia adopted the euro. Photo: Primož Lavre
The nineties were marked by economic progress typical of the more successful transition countries, and the transition to a market economy was relatively painless.
At home and abroad, Slovenian companies have celebrated numerous successful and highly innovative products. Ever heard of Elan skis , the ones used by skiing champions? Or Seaway sailing boats and Pipistrel ultra light aircraft ? Or perhaps the brilliantly designed Gorenje household appliances ? And numerous other small, but highly innovative companies. Their products are persistently breaking into foreign markets and lends a boutique-type quality to Slovenia's economy.
The economy is geared towards services, and Slovenia can boast top-class services in the field of information technology. It also has developed pharmaceutical and automobile manufacturing.
Other major economic sectors include the food industry, electrical devices, metal processing and chemicals. Meanwhile tourism is becoming an increasingly important sector.
Features
On the brink of a new recession?
September 2011
According to several economists, Slovenia will have to become accustomed to very low economic growth, or even recession, for a very long time. After Slovenian gross domestic product in the second quarter of 2011,at 0.9 per cent,...
The Economy is Being Revived and Exports are Increasing
July 2011
The OECD expects that the recovery of the Slovenian economy will strengthen, and announces 1.8 per cent economy growth for Slovenia this year and 2.6 per cent for the following year. Although, the Institute of Macroeconomic...
Julon, the first in the world with "green" polyamide
July 2011
Julon opened a new production line, which is the first so far to allow polyamide production from 100% recycled materials. There are several reasons why it is classified as the technology of the future: oil, which is the basic raw...
Macroeconomic indices for Slovenia in 2011
GDP growth (real growth rate in %) -0.2
GDP per capita in EUR 17.361
Rate of unemployment by ILO in % 8.2
Growth in labour productivity (%) 1.6
Gross wage per employee (real gross earnings growth in %) 0.2
Inflation (annual average) 1.8
Source: Statistical Office of the RS
Slovenia - member of the OECD
Slovenia has been an OECD member since July 2010. Thus, it has joined the economically most developed countries of the world that respect the highest standards in the field of economic and development policies. More ›
