Slovenia 

Slovenia country policy

Policy established 01 February 2006

• No Restrictions
• The country ceiling is 2000 mln euro
• Early warning signal 1500 mln euro
• - of which was used as at 2011-12-31 0 mln euro

Country class: 0

Slovenia country facts

Atradius Dutch State Business  Economic Research
Country Report last updated :  5 November 2010
Country :  SLOVENIA  

Political Situation : Stable

Head of state
President Danilo Turk.

Form of government
Centre-left coalition, headed by p.m. Borut Pahor.

Internal Economic Situation
Recovering From Deep Recession

General situation
As a small and open economy, Slovenia experienced a deep recession in 2009: real GDP declined by 8.1% because of a drop in exports of 17.7% and gross fixed investments by 21.6%; industrial output fell by 17.6%. In 2010 a moderate recovery of exports is compensating for a further decline in domestic demand and construction, resulting in a meagre GDP-growth of appr. 1%. Low rate of inflation despite an uptick in 2010Q2 to 2.1% yoy. Good score on the TI-corruption index: 27th out of 178.
 
External Economic Situation :  Rather Solid

Main sources of foreign exchange
Industrial products: machinery, transports, textiles, leather products; tourism.

Main foreign markets
EU (67%), of which Germany 22%, Italy 13% and Austria 9%; Croatia (9%).

Main expenses of foreign exchange
Capital goods, intermediate products; fuel.

 
Balance of payments 
Because imports collapsed even harder than exports, Slovenia’s trade/current account deficits have fallen. In June 2004 Slovenia entered ERM-2, on 1/1/2007 followed by eurozone -membership. Occasionally net FDI are negative as Slovenian corporates expand into neighbouring countries.