map Slovenia
In 2024, Slovenia’s GDP is expected to grow by 2.4% – well above the EU average. Growth will be driven by government spending (primarily on rebuilding infrastructure after last year’s severe floods), as well as by private consumption and investment, which will benefit from receding inflation. Exports will improve somewhat from 2023 and will see a current account surplus of 3% of GDP, despite imports growing more than exports. In April, annual inflation stood at 3% – lower than expected – and we have downgraded our forecast for the whole year from 3.3% to 2.7%, in anticipation of further disinflation as the year progresses. The labour market remains tight, and unemployment will continue to hover at around 3.6% in 2024 and beyond. The government has introduced limited tax reform, offering tax breaks for the employment of skilled workers from abroad and encouraging equity-based corporate incentives. A (non-binding) public referendum on expanding the nuclear power plant is planned for the second half of the year, as the country deliberates on one of the most far-reaching issues for several decades. Despite losing ground to the right-wing opposition in the 2024 European elections, the government of Dr Robert Golob is secure, and most political parties are in agreement as regards the nuclear expansion project.
Main Economic Indicators202120222023202420252026
Population, 1000 persons210821122120...
GDP, real change in %
GDP per capita (EUR at PPP)293303188034380...
Gross industrial production, real change in %10.11.2-5.6...
Unemployment rate - LFS, in %, average4.
Average gross monthly wages, EUR197020242221...
Consumer prices, % p.a.
Fiscal balance in % of GDP-4.6-3.0-2.5-3.1-2.3-0.6
Public debt in % of GDP74.472.569.2...
Current account in % of GDP3.3-
FDI inflow, EUR m185620511056...
Gross external debt in % of GDP97.490.991.8...

Basic data are continuously updated.

* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.


Monthly Report No. 7-8/2024

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Meryem Gökten, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Sandor Richter, Bernd Christoph Ströhm, Maryna Tverdostup, Zuzana Zavarská and Adam Żurawski
wiiw Monthly Report No. 7-8, July-August 2024
45 pages including 5 Tables and 12 Figures



Executive summary

Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII