SLOVENIA

Growth to slow but consumer spending remains robust

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MEDIUM RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD54bn (World ranking 83, World Bank 2018)
Population 2.07mn (World ranking 147, World Bank 2018)
Form of state Parliamentory Democracy
Head of government Marjan SAREC (PM)
Next elections 2022, presidential and legislative
  • Stable democracy and fairly good regional and international relations; EU membership
  • Eurozone membership provides for low transfer and convertibility risk
  • Low inflation
  • Fiscal prudence since the banking sector bailout in 2013-2014, with fiscal surpluses since 2018
  • Large current account surpluses since 2012, forecast to continue in 2020-2021
  • Favorable business environment
  • Public debt, though gradually declining, remains elevated at around 65% of GDP
  • High gross external debt
  • High export dependence on EU business cycle

Trade structure by destination/origin

(% of total)

Exports Rank Imports
Germany 20%
1
16% Germany
Italy 9%
2
12% Italy
Croatia 9%
3
9% Austria
Austria 6%
4
8% China
France 4%
5
6% Croatia

Trade structure by product

(% of total)

Exports Rank Imports
Road vehicles 17%
1
16% Road vehicles
Electrical machinery, apparatus and appliances, n.e.s. 9%
2
6% Electrical machinery, apparatus and appliances, n.e.s.
Medicinal and pharmaceutical products 8%
3
5% Petroleum, petroleum products and related materials
Other industrial machinery and parts 5%
4
5% Other industrial machinery and parts
Manufactures of metal, n.e.s. 4%
5
4% Iron and steel

Euler Hermes

Economic Research Team

research@eulerhermes.com

Manfred Stamer

Senior economist for Emerging Europe and the Middle East

manfred.stamer@eulerhermes.com

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