Slovenia - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Slovenia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Slovenia economy.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.60 0.9 0.8 1 1 0.6 percent
Unemployment Rate 8.10 8.3 8 7.7 7.5 6.5 percent
Inflation Rate 2.10 2 2.1 2.5 2.6 2.5 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade -13.67 190 -90 170 70 -190 EUR Million
Government Debt to GDP 73.60 75 75 73 73 71 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 1.17
1.14 1.13 1.11 1.09 1.02
Stock Market 885.63
points
855 834 813 793 717
Government Bond 10y 0.93
percent
1.09 1.25 1.43 1.63 2.8
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.60
percent
0.9 0.8 1 1 0.6
GDP Annual Growth Rate 4.60
percent
4.7 3.8 3.4 3.7 3.6
GDP 48.77
USD Billion
49 49 51 51 52
GDP Constant Prices 10326.10
EUR Million
10306 10649 10677 10328 11474
Gross National Product 43278.00
EUR Million
41368 44923 44749 41913 48401
Gross Fixed Capital Formation 1945.50
EUR Million
1856 1980 2012 1867 2134
GDP per capita 25662.41
USD
26000 26000 26250 26250 26500
GDP per capita PPP 31400.84
USD
31800 31800 33000 33000 33500
GDP From Agriculture 131.70
EUR Million
171 180 136 186 194
GDP From Construction 418.30
EUR Million
475 508 433 456 547
GDP From Manufacturing 1917.10
EUR Million
1940 2044 1982 2104 2202
GDP From Public Administration 1501.10
EUR Million
1525 1608 1552 1529 1733
GDP From Services 1693.90
EUR Million
2135 1885 1751 2061 2031
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 8.10
percent
8.3 8 7.7 7.5 6.5
Employed Persons 872266.00
874364 879061 881758 884733 897776
Unemployed Persons 74988.00
76183 77624 77408 77140 77261
Long Term Unemployment Rate 2.60
percent
2.39 2.32 2.27 2.21 2.03
Youth Unemployment Rate 10.10
percent
10.38 10.4 10.4 10.4 10.4
Labour Costs 111.36
Index Points
114 115 116 117 125
Job Vacancies 13452.00
13019 12899 12896 12897 12896
Wages 1663.00
EUR/Month
1660 1750 1710 1663 1850
Wages in Manufacturing 1625.00
EUR/Month
1565 1770 1660 1635 1850
Wage Growth 3.07
percent
3.23 3.27 3.28 3.29 3.29
Minimum Wages 842.79
EUR/Month
843 843 880 855 925
Population 2.07
Million
2.07 2.07 2.08 2.08 2.08
Retirement Age Women 59.67
59.67 59.67 59.67 60 59.67
Retirement Age Men 60.00
60 60 60 60 60
Labor Force Participation Rate 58.30
percent
58.95 58.8 58.5 58.56 58.7
Productivity 101.80
Index Points
115 106 102 107 107
Part Time Employment 99.30
Thousand
98.65 98.55 98.52 98.56 98.55
Employment Change 0.70
percent
0.69 0.69 0.69 0.69 0.69
Employment Rate 69.70
percent
71.42 71.15 70.71 71.19 71.6
Full Time Employment 845.10
Thousand
868 867 855 861 871
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 2.10
percent
2 2.1 2.5 2.6 2.5
Harmonised Consumer Prices 104.15
Index Points
104 104 105 107 109
Consumer Price Index CPI 104.07
Index Points
104 104 105 107 109
Core Consumer Prices 103.93
Index Points
103 104 104 106 107
Core Inflation Rate 1.39
percent
1.46 1.51 1.56 1.59 1.7
GDP Deflator 102.00
Index Points
101 101 101 102 102
Producer Prices 103.00
Index Points
103 104 105 105 108
Inflation Rate Mom 0.00
percent
-0.06 0.28 0 0.25 0.15
Producer Prices Change 2.40
percent
2.1 2 2.3 2.3 2.2
CPI Housing Utilities 104.89
Index Points
104 106 107 108 111
CPI Transportation 100.13
Index Points
103 101 101 103 106
Food Inflation 3.30
percent
3.3 3.3 3.3 3.3 3.3
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 0.00
percent
0 0 0 0.25 0.75
Interbank Rate -0.32
percent
-0.32 -0.32 -0.32 -0.32 0.43
Money Supply M0 5018.00
EUR Million
5084 5139 5196 5253 5816
Money Supply M1 18953.00
EUR Million
19640 20170 20686 21189 25559
Money Supply M2 25457.00
EUR Million
25923 26306 26682 27053 30487
Money Supply M3 25372.00
EUR Million
25359 25359 25359 25359 25359
Foreign Exchange Reserves 269.50
EUR Million
267 268 268 268 268
Banks Balance Sheet 40168.00
EUR
40113 40070 40029 39990 39664
Loans To Private Sector 9281.00
EUR Million
9202 9168 9136 9107 8904
Private Debt to GDP 132.71
percent
124 123 122 121 122
Central Bank Balance Sheet 14831.00
EUR
14833 14833 14833 14833 14833
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -13.67
EUR Million
190 -90 170 70 -190
Exports 2645.63
EUR Million
2710 2290 2850 2720 2620
Imports 2659.31
EUR Million
2520 2380 2680 2650 2810
Current Account 248.20
EUR Million
258 258 258 258 258
Current Account to GDP 6.40
percent
6.1 6.1 5.7 5.7 5.4
External Debt 43200.20
EUR Million
43199 43159 43207 43194 43193
Capital Flows 490.70
EUR Million
174 156 158 158 158
Foreign Direct Investment -41.20
EUR Million
85.09 78.09 77.33 77.41 77.43
Tourist Arrivals 469183.00
263600 259500 306700 297700 292200
Gold Reserves 3.20
Tonnes
3.2 3.2 3.2 3.2 3.2
Terrorism Index 0.00
0 0 0 0 0
Crude Oil Production 0.01
BBL/D/1K
0.01 0.01 0.01 0.01 0.01
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 73.60
percent
75 75 73 73 71
Government Budget 0.00
percent of GDP
0.4 0.4 -2.18 -2.33 0.2
Government Budget Value 37.00
EUR Million
-0.31 -6.89 -7.23 -5.76 -6.37
Government Spending 1847.10
EUR Million
1900 1972 1910 1911 2125
Government Spending to GDP 43.10
percent
44.51 44.55 44.75 44.94 47.21
Government Revenues 1417.00
EUR Million
1468 1444 1446 1448 1447
Government Debt 30139.29
EUR Million
30187 29967 30490 30247 30591
Fiscal Expenditure 1380.00
EUR Million
1468 1452 1454 1453 1453
Military Expenditure 463.20
USD Million
483 485 488 492 516
Asylum Applications 125.00
persons
150 148 151 150 151
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 8.00
Percentage Points
11 10 9 9 10
Industrial Production 6.00
percent
4.79 3.2 4.41 4.37 2.7
Industrial Production Mom 0.70
percent
0.26 0.23 0.23 0.22 0.22
Manufacturing Production 6.50
percent
5.13 4.83 4.7 4.64 4.61
Capacity Utilization 86.00
percent
85.43 84.7 83.87 83.04 80.58
Car Registrations 7554.00
7395 7359 7367 7367 7367
Internet Speed 13655.66
KBps
13021 13020 12998 12987 12970
IP Addresses 869230.00
IP
919514 915599 914177 914286 916393
Mining Production 8.10
percent
2.7 1.88 1.89 1.92 1.91
Steel Production 59.00
Thousand Tonnes
57.87 58.48 58.36 58.47 58.4
Changes In Inventories 1.00
EUR Million
1 1 1 1 1
Competitiveness Index 4.48
Points
4.39 4.39 4.44 4.46 4.45
Competitiveness Rank 48.00
56 56 49 47 47
Ease of Doing Business 37.00
38 40 41 42 48
Electricity Production 1042.00
Gigawatt-hour
1329 1325 1326 1326 1326
Corruption Index 61.00
Points
62 62 62 62 62
Corruption Rank 34.00
33 33 33 33 32
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 1.00
Index Points
-1 1 2 2 2
Retail Sales MoM 3.10
percent
-0.11 -0.02 0.03 0.04 0.04
Retail Sales YoY 3.80
percent
1.91 1.91 1.91 1.92 1.93
Consumer Spending 5340.90
EUR Million
5384 5529 5522 5393 5957
Personal Savings 17.07
percent
10.92 7.38 16.47 15.13 8.38
Consumer Credit 2469.00
EUR Million
2556 2594 2628 2658 2829
Bank Lending Rate 2.49
percent
2.49 2.49 2.49 2.49 3.24
Gasoline Prices 1.54
USD/Liter
1.46 1.38 1.3 1.23 0.69
Households Debt To Income 44.59
percent
43 42.98 42.57 42.16 36.12
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Construction Output 30.30
percent
22.45 22.67 22.76 22.78 22.79
Housing Index 121.19
Index points
123 124 124 123 121
Building Permits 251.00
238 238 238 238 238
Home Ownership Rate 75.60
percent
75.71 75.69 75.72 75.74 77.13
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 19.00
percent
19 19 19.25 20 19
Personal Income Tax Rate 50.00
percent
50 50 50 50 45
Sales Tax Rate 22.00
percent
22 22 22 22 22
Social Security Rate 38.20
percent
38.2 38.2 38 38 38
Social Security Rate For Companies 16.10
percent
16.1 16.1 16.1 16.1 16.1
Social Security Rate For Employees 22.10
percent
22.1 22.1 22.1 22.1 22.1
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 1.91
celsius
18.19 5.14 1.56 15.99 9.9
Precipitation 2.54
mm
129 128 79.79 110 117