map Slovenia
The reconstruction efforts following the floods in August – the worst in decades – will require several billion euro and will take years to complete, boosting government spending. Growth in 2023 will be subdued, at an estimated 1.3%, as private consumption has slowed significantly. Inflation will be high, but is showing clear signs of decreasing. Industrial output will shrink, as manufacturers face reduced foreign demand. The growth in exports will stall, but imports will fall, leading to a positive current account balance. The labour market is very tight, with the unemployment rate at historically low levels.
Main Economic Indicators202020212022202320242025
Population, 1000 persons210221082112...
GDP, real change in %-
GDP per capita (EUR at PPP)267802919031460...
Gross industrial production, real change in %-5.310.31.2...
Unemployment rate - LFS, in %, average5.
Average gross monthly wages, EUR185619702024...
Consumer prices, % p.a.-
Fiscal balance in % of GDP-7.7-4.6-3.0-4.2-3.5-2.1
Public debt in % of GDP79.674.472.3...
Current account in % of GDP7.23.3-
FDI inflow, EUR m44618562051...
Gross external debt in % of GDP102.197.490.9...

Basic data are continuously updated.

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


SLOVENIA: Worst flooding in decades is the defining moment of the year

Niko Korpar
in: Beneath the Veneer of Calm
wiiw Forecast Report No. Autumn 2023, October 2023 , pp. 129-132
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Monthly Report No. 7-8/2023

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, Nina Vujanović, Zuzana Zavarská and Adam Żurawski
wiiw Monthly Report No. 7-8, July-August 2023
51 pages including 3 Tables, 24 Figures and 1 Box