Slovenia
After a strong 2018, GDP growth is expected to moderate this year to 3.3% and remain close to this level up to 2021. Domestic consumption will be the key driver of growth, backed by real wage increases, employment gains and bank loans. Unemployment will keep declining amid rising labour shortages, which will continue to put upward pressure on wages. The general government budget will likely end up close to balance over the forecast horizon.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Population, 1000 persons | 2065 | 2066 | 2070 | . | . | . |
| GDP, real change in % | 3.1 | 4.9 | 4.5 | 3.3 | 3.1 | 3.0 |
| GDP per capita (EUR at PPP) | 24100 | 25500 | 26900 | . | . | . |
| Gross industrial production, real change in % | 7.1 | 7.7 | 4.9 | . | . | . |
| Unemployment rate - LFS, in %, average | 8.0 | 6.6 | 5.1 | 4.5 | 4.0 | 4.0 |
| Average gross monthly wages, EUR | 1584 | 1626 | 1682 | . | . | . |
| Consumer prices, % p.a. | -0.2 | 1.6 | 1.9 | 1.8 | 1.8 | 2.0 |
| Fiscal balance in % of GDP | -1.9 | 0.0 | 0.7 | . | . | . |
| Public debt in % of GDP | 78.7 | 74.1 | 70.1 | . | . | . |
| Current account in % of GDP | 5.5 | 7.2 | 7.0 | 6.6 | 5.9 | 5.7 |
| FDI inflow, EUR mn | 1298 | 966 | 1284 | . | . | . |
| Gross external debt in % of GDP | 111.0 | 101.9 | 92.5 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 6/2019
Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Hermine Vidovic and Goran Vuksic
wiiw Monthly Report No. 6, June 2019
27 pages including 24 Tables and 1 Figure
SLOVENIA: Solid growth
Hermine Vidovic
in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 140-143
Details and Buy