Slovenia
Although Slovenia’s economy was hit hard by the pandemic and will decline by 6.7% in 2020, this is a significant revision upwards from the previous forecast. A combination of fiscal measures, improving domestic and foreign demand, and stable corporate and bank finances give grounds for cautious optimism for recovery, which will be gradual and uneven. However, much will depend on the global epidemiological situation in the coming months, as well as on the strength of export demand from Slovenia’s major trading partners.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| Population, 1000 persons | 2066 | 2074 | 2088 | . | . | . |
| GDP, real change in % | 4.8 | 4.4 | 3.2 | -6.7 | 4.5 | 3.0 |
| GDP per capita (EUR at PPP) | 25080 | 26410 | 27660 | . | . | . |
| Gross industrial production, real change in % | 7.7 | 5.1 | 3.1 | . | . | . |
| Unemployment rate - LFS, in %, average | 6.6 | 5.1 | 4.5 | 5.8 | 5.4 | 4.6 |
| Average gross monthly wages, EUR | 1627 | 1682 | 1754 | . | . | . |
| Consumer prices, % p.a. | 1.6 | 1.9 | 1.7 | 0.3 | 1.3 | 1.7 |
| Fiscal balance in % of GDP | -0.1 | 0.7 | 0.5 | . | . | . |
| Public debt in % of GDP | 74.1 | 70.3 | 65.6 | . | . | . |
| Current account in % of GDP | 6.2 | 5.8 | 5.6 | 5.8 | 6.0 | 6.4 |
| FDI inflow, EUR mn | 1065 | 1307 | 1521 | . | . | . |
| Gross external debt in % of GDP | 100.5 | 91.9 | 90.5 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
SLOVENIA: Weathering the storm better than expected, but will it last?
Niko Korpar
in: No Quick Recovery in Sight, with Coronavirus Risks Looming Large
wiiw Forecast Report No. Autumn 2020, November 2020 , pp. 117-120
Details and Buy
Monthly Report No. 5/2020
Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Bernd Christoph Ströhm and Hermine Vidovic
wiiw Monthly Report No. 5, May 2020
96 pages including 27 Tables and 39 Figures