Slovenia Travel Guide
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Slovenia has a high-income developed economy which enjoys the second highest GDP per capita ($28,010.76 estimate for 2008) of the new EU countries which is 93% of the EU average. Although the country's relatively high inflation declined to 2.3% in 2006 (prior to adoption of the euro), in October 2007 it reached 5.1% year-on-year[8], exceeding the average in the eurozone. Slovenia's economy has started to grow more strongly in the last few years 4.3% in 2004 and 2005, 5.9% in 2006 and 6.8% in 2007, after relatively slow growth in 2003 (2.8%). in the first three quarters of 2008, the economy expanded at a 5% annual rate.
Despite economic success, Slovenia faces some challenges. A big portion of the economy remains in state hands and foreign direct investment (FDI) in Slovenia is one of the lowest in the EU per capita. Taxes are relatively high, the labor market is seen as inflexible, and industries are losing sales to China, India, and elsewhere. During the 2000s, privatizations were seen in the banking, telecommunications, and public utility sectors. Restrictions on foreign investment are being dismantled, and foreign direct investment (FDI) is expected to increase. Slovenia is the economic front-runner of the countries that joined the European Union in 2004 and was the first new member which adopted the euro on 1 January 2007. Source: Wikipedia Encyclopedia |
 National Bank of Slovenia |
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