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Slovenia Slovenia

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Slovenia – Quick View
ECR score74.45 (Mar 2011)
ECR rank26 (Mar 2011)
Economic
GDP (2010)USD 47.87 billion
GNI per capita PPP (2010)USD 26,340
FDI inflow (2009)USD 10371.14 million (-0.45%)
Inflation (Feb-2011)1.4%
Central bank assets (2009)USD 7078.52 million (+3.54%)
Unemployment rate (December 2010)11.8%
Government deficit (2010)USD 2275.69 million
Tax revenue (2010)USD 17052.12 million (+0.84%)
Political
Government typeParliamentary Democracy
Recent political crisisNA
Economic freedom score (2011)66th
Freedom of information score (2010)46th
Corruption perception index (2010)27th
Structural
Birth rate10.7 per ‘000
Population balanceUnder 14 – 14.03%
Population balanceOver 60 - 16.53%
Life expectancy yearsMale 75.76 years
Life expectancy yearsFemale 82.31 years
Mortality rate9.2 per ‘000
Literacy rate99.75%
Internet access64.8 %

[Top] Economic Overview

Gross Domestic Product (GDP) at current price of the country was EUR 36.06 billion in the year 2010, which grew by 1.2% over the previous year.

Slovenia GDP and GDP growth rate

(Source: stat.si)

The growth rate of GDP of the country was on as steady rise from 2003 till 2007. In the year 2008, it declined to 3.7% and further decreased to -8.1% in the year 2009. In 2010, the GDP growth rate was registered at 1.2%.

GDP per capita

In the year 2010, GDP per capita was EUR 17,602.2 as compared to EUR 17,331.2 in the year 2009.

Slovenia GDP per capita

(Source: stat.si)

Gross National Income (GNI)

The country’s Gross National Income (GNI) in 2010 was EUR 35,510.6 million as compared to EUR 34,704.0 million in 2009.

(Source: stat.si)

GNI per Capita, PPP

GNI per capita at PPP was USD 25,857 for the year 2010 as compared to USD 23,846 in 2005.

Slovenia GNI per capita, PPP

(Source: UNDP)

Income Tax Rates

Personal income tax rates, 2010

Tax base

Tax rate

Up to  EUR 7,528.99

16 %

EUR 7,528.99 – EUR 15,057.96

EUR 1,204.64 + 27% above EUR 7,528.99

Above EUR 15,057.96

EUR 3,237.46 + 41% above EUR 15,057.96

(Source: MOF)

The personal income in Slovenia is categorised into income from employment, business income, income from basic agriculture and forestry, income from rents and royalties, income from capital and other income.

For individuals who are employed under contract, the tax rate is 25%

Corporate tax

Corporate tax rate in Slovenia is 20%.

Tax contribution

Total tax rate (% profit)

Corporate income tax

14.8

Social security contributions

18.2

Property transfer tax

1.2

Fuel tax

1

Property tax

0.1

Tax on insurance

0.1

Road tax

0.1

(Source: MOF, doingbusiness.org)

Inflation Rate

Inflation rate in Slovenia in January 2011 was recorded at 1.8% as compared to 1.5% in January 2010.

Slovenia Inflation Rate

 (Source: Central Bank)

FDI Inflow

In the year 2011, total Foreign Direct Investment (FDI) in Slovenia stood at EUR 790.5 million.

(Source: Central Bank)

Portfolio Investment

Total portfolio investment in the country was EUR 2,282.5 million for the year 2011 as compared to EUR 2,793.5 million for the year 2010.

(Source: Central Bank)

Banking sector assets

Total assets of Bank of Slovenia were EUR 5,627 million for the year 2011, compared to EUR 5,077 in 2010.

Total Assets – Bank of Slovenia (EUR million)

 

2011

2010

Total

5,627

5,077

Gold

125

108

Receivable from IMF

388

288

Loans, deposits

553

390

Securities

4,471

4,200

Other claims

90

91

(Source: Central Bank)

[Top] Financial Indicators & Government Financial

Consumer Price Index

Consumer Price Index of Slovenia stood at 100 in February 2011.

Slovenia Consumer Price Index

Base, 2005 = 100

(Source: Central Bank)

Interest rates on saving deposits / time deposits

The monthly basic interest rate in March 2011 fell to 0.1% and the annual rate fell to 1.18%.

(Source: Central Bank)

Interest Rates (%)

 

2010

2009

Deposits - Households

Overnight deposits

0.21

0.28

Time deposits with agreed maturity (Up to 2 years)

2.62

3.48

Time deposits with agreed maturity (Above 2 years)

3.93

4.04

Non-financial corporations

Overnight deposits

0.27

0.32

Time deposits with agreed maturity (Up to 2 years)

2.01

2.93

Time deposits with agreed maturity (Above 2 years)

4.08

4.17

(Source: Central Bank)

Money supply (Currency in Circulation)

Total money in circulation was EUR 3,377 million as of 31 January 2011.

Slovenia Money Indicatiors

(Source: Central Bank)

Government Expenditure

Expenditure of Government of Slovenia (EUR ‘000)

 

2010

2009

Current expenditure

14,081,470

13,638,690

Capital expenditure

1,694,851

1,788,490

Total expenditure

15,776,320

15,427,180

(Source: Central Bank)

Official exchange rate

Slovenia Exchange Rate

(Source: Central Bank)

Government Financial well-being

Fiscal balance

The fiscal deficit for 2010 was EUR 1,714.3 million as compared to a deficit of EUR 1,619.7 million in 2009.

Slovenia Fiscal Balance

(Source: Central Bank)

Total Revenue

Total revenue of the country for the year 2011 was EUR 14,164.84 million, compared to EUR 14,062.04 million in 2010.

 

Total Revenue of Government of Slovenia (EUR ‘000)

 

2011

2010

Total Revenue

14,164,841

14,062,040

Tax revenues

13,937,365

12,845,537

Nontax revenue

828,162

920,423

Current revenue

14,035,933

13,765,960

Capital revenue

64,828

174,166

Grants

10,391

12,488

Transfers

53,689

109,427

(Source: Central Bank)

Tax revenue

Total tax revenue of the country in the year 2011 was EUR 13,207.77 million, compared to EUR 12,845.53 in 2010.

Total Tax Revenue of Government of Slovenia (EUR million)

 

2011

2010

Total Tax revenue

13,207.77

12,845.53

Taxes on income, profits and capital gains

2,721.9

2,487.9

Taxes on payroll and work force

29.2

28.07

Social security contributions

5,267.61

5,234.48

Taxes on property

215.36

219.74

Domestics taxes on goods and services

4,856.38

4,780.63

Taxes on international trade and transactions

100.3

90.7

Other taxes

16.98

4.01

(Source: Central Bank)

Total Grants

In the year 2010, the country received total grants of EUR 12,488 million, as compared to EUR 11,140 million for the year 2009.

Slovenia Grants

(Source: Central Bank)

Current Account Balance - Surplus/Deficit

In the year 2010, the country registered a current account deficit of EUR 418.7 million as compared to a deficit of EUR 525.7 million for the year 2009.

Slovenia Current Account Balance

(Source: Central Bank)

Balance of Payments

Balance of payments (EUR million)

 

2010

2009

Current account Balance

-418.7

-525.7

Capital and financial account

352.1

220.4

Net errors and Omissions

66.6

305.3

(Source: Central Bank)

[Top] Labour Force and Employment Overview

The total labour force in the country was 928,996 in December 2010, as compared to the 941,327 in December 2009. Specifically, males and females accounted for 55.5% and 44.5% of the total labour force respectively.

Of the total labour force, 88.16% of the people are employed and 11.84% peoples are unemployed.

The total number of unemployed individuals in December 2010 was 110,021, with an unemployment rate of 11.8%.

(Source: stat.si)

 

Slovenia Unemployment rate

(Source: stat.si)

Employment in agriculture, forestry and fishing

Total employment in agriculture, forestry and fishing was 33,134 people in 2010.

(Source: stat.si)

Proportion of population of working age

Of the total population, 1,759,701 people are of working age.

(Source: stat.si)

Minimum wage

Average monthly wages in Slovenia amounted to EUR 1,534.04, as of December 2010.

(Source: stat.si)

Level of unionisation

The country has five major trade unions confederation with a total membership of 501,915. The Association of Free Trade Unions of Slovenia or Zveza Svobodnih Sindikatov Slovenije (ZSSS) has a membership of 302,915 individuals with 22 trade unions and 19 regional organisations.

The major trade union confederations are:

  • Zveza svobodnih sindikatov Slovenije (Association of Free Trade Unions of Slovenia)
  • Konfederacija sindikatov Slovenije (Confederation of Trade Unions of Slovenia ‘Pergam’)
  • KNSS-Neodvisnost, Konfederacija novih sindikatov Slovenije (KNSS-Independence, the Confederation of New Trade Unions of Slovenia)
  • Konfederacija sindikatov javnega sektorja (Confederation of Public Sector Trade Unions)
  • Zveza delavcev Solidarnost (Union of Workers’ Solidarity Confederation)

 (Source: eurofound.europa.eu, fedee)

[Top] Political Stability

The government system followed by Slovenia is parliamentary democracy. The country’s constitution was adopted on 23rd December 1991.

The citizens of Slovenia are vested with the power to elect their representatives directly through elections. The government is based on the principle of separation of legislative, executive and judicial powers.

The legislative branch consists of the National Assembly and the National Council. The national assembly is the highest legislative authority, which consists of 90 deputies. The deputies are elected directly for the term of four years. The national council represents social, economic, professional and local interests. It is comprised of forty members.

The executive branch consists of the President and the Government. The President is the head of the state and is elected for a term of five years. The government is led by the Prime Minister and the cabinet. The Prime Minister is nominated by the President to the National Assembly.

Major political parties in Slovenia:

  • Socialni Demokrati
  • Slovenska Demokratska Stranka
  • Zares
  • Demokratična Stranka Upokojencev Slovenije

(Source: Government of Slovenia, slovenia.si, state.gov, parties-and-elections.de)

Regulatory Environment in Slovenia

The national assembly has the rights to pass decisions in the presence of majority of deputies, to propose the law, to call a referendum on issues which are subject to regulation by law. It has the right to decide on the use of the defence forces. The National Assembly has the right to declare war or a state of emergency. The national council has the rights to propose the passing of the law to the National Assembly.

The president of the state has the right to announce elections to the national assembly. It also has the right to declare laws, to appoint state officials and to decide on granting clemency.

(Source: Government of Slovenia, slovenia.si)

Slovenia Economic Freedom Indices

(Source: Heritage.org)

The country’s economic freedom score is 64.6, making its economy the 66th freest in the 2011 Index of Economic Freedom. Slovenia was placed 29th out of 43 regional countries in the European Region.

Corruption perception

Slovenia is placed 27th in the Corruption Perception Index (CPI) 2010 with a score of 6.4. CPI measures the perceived level of public-sector corruption in 178 countries and territories around the world.

(Source: transparency.org)

Freedom of Information

Media in Slovenia is free and the constitution supports the freedom of expression. The journalists and media have the right to access government information.

(Source: BBC, humanrightspoint.si)

The country was ranked 46th in the World Press Freedom Index 2010, with a score of 13.44.

(Source: rsf.org)

Newspapers

  • Dnevnik
  • Delo
  • Vecer
  • Slovenske Novice
  • Finance

(Source: BBC)

Judicial system

The judicial system in Slovenia includes the following courts:

  • Supreme Court
  • Constitutional Court
  • Court of Audit

The Supreme Court is the highest court in Slovenia. The Supreme Court has six divisions, which includes Criminal Division, Civil Division, Commercial Section, Labour and Social Department, Administrative Department and Records Section.

(Source: sodisce.si, Government of Slovenia)

[Top] Demographic Overview

Population

The total population of the country was 2.05 million in 2010, as compared to 2.03 million in 2009. Of the total population, males accounted for 49.54% and females accounted 50.46%.

(Source: stati.si)

 

Slovenia Population by Gender

 

Gender ratio

The gender ratio in the country is imbalanced, as there were 95.5 males per 100 females.

(Source: UN)

85.97% of the country’s population is aged 15 to 64 years, followed by 16.53% above 65 years and 14.03% population below 15 years.

(Source: stat.si)

Mortality rate

Slovenia registered 18,609 deaths in 2010, making a total mortality rate of 9.1 deaths per 1000 population.  Furthermore, the infant mortality rate was 2.5 infant deaths per 1000 population.

(Source: stat.si)

Birth rate

The birth rate was 10.9 births per 1000 population in 2010, as compared to 10.7 births per 1000 population in 2009.

(Source: stat.si)

Average life expectancy rate

Average life expectancy rate for males is 76.3 years and 82.6 years for females.

(Source: stat.si)

Migration

In 2010, the country registered 15,416 immigrants in the country, whereas 15,937 emigrated from Slovenia.

(Source: stati.si)

Human development index (HDI)

The country was ranked 29th in the Human Development Index (HDI) 2010 conducted by the United Nations. The HDI provides a composite measure of three dimensions of human development: living a long and healthy life (measured by life expectancy), being educated (measured by adult literacy and gross enrolment in education) and having a decent standard of living (measured by purchasing power parity, PPP, income).  (Source: UNDP)

(Source: stati.si)

[Top] Soft Infrastructure

The adult literacy rate in the country was 99.75% in 2010.

(Source: UNDP)

Educational resources

The educational stages in Slovenia include pre-school education, basic education, secondary education, higher vocational education and higher education.

There are 793 kindergartens, 796 elementary schools, 142 secondary school of which 6 are private, 51 post-secondary vocational colleges in the country.

The gross enrolment ratio in education is approximately 92.8%, and the expenditure on education is about 5.2% of the GDP.

(Source: MOE, UNDP)

Healthcare

The country has 9367 hospital beds in 2010.

(Source: ivz.si)

[Top] Hard Infrastructure

Roadways

The total length of the road network in Slovenia was 38,925 km in 2009, as compared to 38.873 km in 2008.

(Source: stat.si)

Railways

The total length of the railway network in Slovenia was 2,187.1 km in 2009, as compared to 2.192.6 km in 2008. Of the total railway network, the country has 897.7 km lines of single tracks and 330.3 lines of double track.

(Source: stat.si)

Ports

Major ports in the country include:

  • Port of Piran
  • Port of Izola
  • Port of Koper

(Source: World port source)

Airports

 

Town

Airport name

Runway length

Cerklje

Cerklje Mil

7900 ft

Ljubljana

Ljubljana

10800 ft

Maribor

Maribor

8200 ft

Portoroz

Portoroz

3900 ft

(Source: Air charter world)

Telecommunications networks

In the third quarter of 2010, the country had 821,234 registered fixed telephone line users.

 

Total number of fixed line telephone users

 

2010 Q3

2010 Q2

2010 Q1

2009 Q4

2009 Q3

2009 Q2

2009 Q1

Total Users

821,234

830,154

831,165

837,465

840,167

845,847

847,517

Households users

572,525

577,926

573,713

573,479

567,603

563,308

559,009

Business users

248,709

252,228

257,452

263,986

272,564

282,539

288,508

(Source: stat.si)

 

The country had 2,113,325 mobile network users in third quarter of 2010.

 

Total number of mobile network users

 

2010 Q3

2010 Q2

2010 Q1

2009 Q4

2009 Q3

2009 Q2

2009 Q1

Total Users

2,113,325

2,100,746

2,101,661

2,100,435

2,076,755

2,066,203

2,060,825

Households users

1,708,077

1,698,936

1,704,931

1,707,285

1,688,821

1,683,259

1,682,007

Business users

405,248

401,810

396,730

393,150

387,934

382,944

378,818

(Source: stat.si)

Total internet users in the country were 1.42 million for 2011, accounting for 71.0% of the total population.

 

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