Slovenia overview


In Slovenia we focus on:

Boosting competitiveness and good governance by championing privatisations, while deploying cutting-edge instruments to support private companies. We will support the expansion of competitive and well-governed companies. We aim to deepen capital markets and strengthen financial system.

Supporting Green Economy Transition by promoting new green technologies. Our goal is to Improve energy and resource efficiency and reduce CO2 emissions.
Slovenia is one of the most advanced countries within the EBRD regions. The country is highly competitive and has many vibrant small businesses, but there remains room for improvement in innovation, governance and energy intensity.

While the economy has registered steady growth in recent years, the medium-term outlook will depend on the continuation of structural reforms. Reviving private sector productivity growth is key to the further convergence of the Slovenian economy.

The EBRD country strategy for Slovenia is also aligned with the government’s Slovenia Development Strategy 2030 especially in the areas of privatisation, corporate governance, capital market development, green economy, innovation and entrepreneurship.

The EBRD’s latest strategy for Slovenia was adopted on 10 February 2019

Current EBRD forecast for Slovenia’s real GDP growth in 2019 3.3%

Current EBRD forecast for Slovenia’s real GDP growth in 2020 2.8%

A major economic expansion in Slovenia continued in 2018 as the economy grew by an estimated 4.5 per cent, following growth of 4.9 per cent in 2017. Growth was broad-based, with investment being the largest contributor in both years. Investment grew by more than 10 per cent in 2018, following a similar growth rate in 2017, as the capacity utilisation rate almost reached the pre-crisis levels of 85 per cent.
Meanwhile, unemployment has dropped to a long-time minimum of 4.4 per cent in December 2018, while the employment rate is on the rise, and stood at 56 per cent. Combined with 3-4 per cent earnings growth in both 2017 and 2018, the strong labour market contributes to rising private consumption.
Fiscal performance has remained solid and the government is estimated to have reached an overall surplus in 2018 of 0.8 per cent of GDP, driving down general government debt to about 70 per cent of GDP as of end-2018, more than 10 percentage points lower compared to the post-crisis peak of 83 per cent in 2015. Exports continued their strong performance, and grew by more than 7 per cent in 2018, helping net exports contribute positively to growth, despite domestic demand expansion.
We expect growth to moderate slightly in the short term to 3.3 per cent in 2019 and 2.8 per cent in 2020.