Slovenia
The Coronavirus pandemic will probably hit the Slovenian economy even harder than the financial crisis did. Tourism, transport, retail trade and the export-oriented sectors will be most affected. Despite the adoption of two stimulus packages, GDP is expected to decline by 9.5% in 2020; this will be coupled with rising public debt and increased unemployment. In 2021, we expect a modest improvement, as foreign and domestic demand picks up slowly.
| 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 | -9.5 | 4.0 | . |
| GDP per capita (EUR at PPP) | 25070 | 26440 | 27440 | . | . | . |
| Gross industrial production, real change in % | 7.7 | 5.1 | 3.3 | . | . | . |
| Unemployment rate - LFS, in %, average | 6.6 | 5.1 | 4.5 | 9.0 | 8.0 | . |
| Average gross monthly wages, EUR | 1627 | 1682 | 1754 | . | . | . |
| Consumer prices, % p.a. | 1.6 | 1.9 | 1.7 | 0.5 | 1.0 | . |
| 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 | 2.0 | 3.0 | . |
| 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.
Due to the unusually high level of uncertainty caused by COVID-19, we only present forecasts for 2020-2021.
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
SLOVENIA: Decelerating growth amid political instability
Hermine Vidovic
in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 143-146
Details and Buy