Introduction Key Economic Facts Risk Assessment (Provided by Coface) Slovenia is a country in Central Europe bordering the Income Level (by per capita High Income Country rating: A4 - A somewhat shaky political and Adriatic Sea. Neighboring countries include Austria, Croatia, GNI): economic outlook and a relatively volatile business Hungary, and . Despite its small size, Slovenia controls Level of Development: Developed environment can affect corporate payment behavior. some of Europe's major transit routes. GDP, PPP (current international $85.57 billion (2019) The Alps dominate northern Slovenia, and $): Corporate default probability is still acceptable on average. numerous rivers lie in the east. The GDP growth (annual %): 3.18% (2019) Business Climate rating: A1 - The business environment government system is a parliamentary GDP per capita, PPP (current $40,983.42 (2019) is very good. Corporate financial information is available and republic; the chief of state is the president, international $): reliable. Debt collection is efficient. Institutional quality is and the head of government is the prime minister. Slovenia Manufacturing, value added (% 20.63% (2019) very good. Intercompany transactions run smoothly in has a mixed economic system in which the state is of GDP): considerably involved in centralized planning, but there is Current account balance (BoP, $3.05 billion (2019) environments rated A1. private sector freedom. current US$): Strengths Slovenia is a member of the Inflation, consumer prices 1.63% (2019) • Eurozone member (annual %): (EU). • High level of political and social development Labor force, total: 1,024,570 (2020) Unemployment, total (% of 3.80% (2020) • Diversified economy total labor force) (modeled ILO • Integrated in the European production chain estimate): • External accounts in surplus Imports of goods and services $40.78 billion (2019) (current US$): • Efforts to clean up the banking sector Location: Southern Europe Exports of goods and services $45.37 billion (2019) • Before the pandemic, public debt was on a downward Capital City: (+1 GMT) (current US$): trend Chief of State: President Borut Pahor Weaknesses Head of Govt.: Prime Minister Janez Jansa • Small domestic market Currency: Euro (EUR) GDP Composition % Agriculture Services Industry Manufacturing • Aging population and demographic growth at a Major Languages:

Slovenian (official) 91.1%, Serbo- Croatian 4.5%, other or unspecified standstill, resulting in a labor shortage 4.4%, Italian (official, only in 57 • Dependent on regional economic conditions and municipalities where Italian national 29 21 communities reside), Hungarian 2 automobile (official, only in municipalities where • Inefficient state-owned companies Hungarian national communities *Although Manufacturing is included in the Industry figures, it is also separately reported because it plays a critical role in economy. • Slow administrative and judicial procedures reside) (2002 census)

Rankings Primary Religions:

Catholic 57.8%, Muslim 2.4%, • Fragile and disparate coalition at the head of Orthodox 2.3%, other Christian 0.9%, Index Rank government unaffiliated 3.5%, other or unspecified Corruption Perceptions Index 35 / 180 23%, none 10.1% (2002 U.S. Embassy census)

Global Competitiveness Index 35 / 141 Calling Code: 386 Global Enabling Trade Index 32 / 136 U.S. Embassy Ljubljana Voltage: 220 Index of Economic Freedom 58 / 179 Prešernova 31 International Logistics Performance Index (LPI) 35 / 160 1000 Ljubljana Key Websites Inward FDI Potential Index 33 / 139 Slovenia KOF Index of Globalization 33 / 185 Phone: 386 (1) 2005500 Main Government Page: gov.si Networked Readiness Index (NRI) 37 / 139 Commerce Ministry: mgrt.gov.si https://si.usembassy.gov Open Budget Index 17 / 115 Investment Promotion investslovenia.org Agency:

Country Memo Provided by: globalEDGE.msu.edu and EXPORT.GOV