OECD Economic Surveys: Slovenia 2020

Abstract

This Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries.

The economic situation and policies of Slovenia were reviewed by the Committee on 6 February 2020. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 13 July 2020.

The Secretariat’s draft report was prepared for the Committee by Jens Høj, Priscilla Fialho and Eva Zver, seconded from the Slovenian Institute of Macroeconomic Analysis and Development, under the supervision of Mame Fatou Diagne and Nicola Brandt. Statistical research assistance was provided by Federico Giovannelli and Klaus Pedersen. Publication coordination was provided by Poeli Bojorquez. The Survey also benefitted from contributions from Tim Salecl Zizek.

The previous Survey of Slovenia was issued in September 2017.

Information about the latest as well as previous Surveys and more information about how Surveys are prepared is available at http://www.oecd.org/eco/surveys.

Basic statistics of Slovenia, 2019

(Numbers in parentheses refer to the OECD average)*

LAND, PEOPLE AND ELECTORAL CYCLE
Population (million, 2018)	2.1		Population density per km² (2018)	103.0	(37.8)
Under 15 (%, 2018)	15.0	(17.8)	Life expectancy at birth (years, 2018)	81.0	(80.2)
Over 65 (%, 2018)	19.6	(17.1)	Men (2018)	78.2	(77.6)
Foreign-born (%, 2018)	17.7		Women (2018)	84.0	(82.8)
Latest 5-year average growth (%)	0.1	(0.6)	Latest general election	June-2018
ECONOMY
Gross domestic product (GDP)			Value added shares (%, 2018)
In current prices (billion USD)	53.7		Agriculture, forestry and fishing	2.4	(2.5)
In current prices (billion EUR)	48.0		Industry including construction	32.7	(27.3)
Latest 5-year average real growth (%)	3.3	(2.2)	Services	64.9	(70.2)
Per capita (000 USD PPP, 2018)	38.7	(46.4)
GENERAL GOVERNMENT
Expenditure (% of GDP, 2018)	43.7	(40.3)	Gross financial debt (% of GDP, OECD: 2017)	86.6	(109.0)
Revenue (% of GDP, 2018)	44.2	(37.3)	Net financial debt (% of GDP, OECD: 2017)	26.4	(69.0)
EXTERNAL ACCOUNTS
Exchange rate (EUR per USD)	0.9		Main exports (% of total merchandise exports, 2018)
PPP exchange rate (USA = 1)	0.6		Machinery and transport equipment	38.0
In per cent of GDP			Manufactured goods	20.0
Exports of goods and services	84.4	(54.2)	Chemicals and related products, n.e.s.	16.9
Imports of goods and services	75.3	(50.4)	Main imports (% of total merchandise imports, 2018)
Current account balance	6.6	(0.3)	Machinery and transport equipment	32.8
Net international investment position	-19.4		Manufactured goods	19.3
			Chemicals and related products, n.e.s.	16.1
LABOUR MARKET, SKILLS AND INNOVATION
Employment rate (aged 15 and over, %)	55.5	(57.5)	Unemployment rate, Labour Force Survey (aged 15 and over, %, 2018)	4.4	(5.4)
Men	60.5	(65.6)	Youth (aged 15-24, %)	8.28	(11.7)
Women	50.6	(49.9)	Long-term unemployed (1 year and over, %)	1.9	(1.4)
Participation rate (aged 15 and over, %, 2018)	58.1	(61.1)	Tertiary educational attainment (aged 25-64, %, 2017, OECD: 2018)	32.5	(36.9)
Average hours worked per year, 2018)	1602.8	(1734)	Gross domestic expenditure on R&D (% of GDP, 2017)	1.9	(2.6)
ENVIRONMENT
Total primary energy supply per capita (toe, 2018)	3.3	(4.1)	CO2 emissions from fuel combustion per capita (tonnes, 2018)	6.5	(8.9)
Renewables (%, 2018)	16.8	(10.5)	Water abstractions per capita (1 000 m³, 2017)	0.5
Exposure to air pollution (more than 10 g/m³ of PM 2.5, % of population, 2017)	99.9	(58.7)	Municipal waste per capita (tonnes, 2017)	0.5	(0.5)
SOCIETY
Income inequality (Gini coefficient, 2017, OECD: 2016)	0.24	(0.31)	Education outcomes (PISA score, 2018)
Relative poverty rate (%, 2017, OECD: 2016)	8.5	(11.6)	Reading	495.3	(487.1)
Median disposable household income (000 USD PPP, 2017, OECD: 2016)	23.3	(23.9)	Mathematics	508.9	(489.3)
Public and private spending (% of GDP)			Science	507.0	(488.7)
Health care (2018)	7.9	(8.8)	Share of women in parliament (%)	27.8	(30.7)
Pensions (2015)	11.3	(8.5)	Net official development assistance (% of GNI, 2017)	0.2	(0.4)
Education (public, 2018)	4.3	(4.5)

Note: The year is indicated in parenthesis if it deviates from the year in the main title of this table.

* Where the OECD aggregate is not provided in the source database, a simple OECD average of latest available data is calculated where data exist for at least 80% of member countries.

Source: Calculations based on data extracted from databases of the following organisations: OECD, International Energy Agency, International Labour Organisation, International Monetary Fund, World Bank.