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Slovenia

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The economic prospect for Slovenia in 2025 is one of stable and positive growth, despite the ongoing challenges within the European manufacturing sector – particularly in the automotive industry – which are affecting economic sentiment. Real GDP is projected to increase by 2.4%, well above the forecast average for the EU. An uptick in private consumption is anticipated, driven by declining inflation and the wage increases implemented over the past two years. Government expenditure, supported by EU funding, will contribute significantly to economic growth through investment in infrastructure. Whereas in 2024, the muted sentiment of businesses was reflected in reduced investment, 2025 should see an improvement. With greater foreign demand, exports are projected to recover, and the current account surplus is expected to reach 2.6% of GDP. High-tech industries and the service sector are forecast to perform well, while energy-intensive industries will probably continue to face challenges. Employment levels reached record highs toward the end of 2024. While there are signs of reduced labour demand within the manufacturing sector, unemployment rates are expected to stay at 3.6% in 2025 and beyond. Following the successful reform of public salary structures, which has resulted in modest wage increases, political discourse in the coming year will likely focus on healthcare reform and the introduction of a new tax on real estate.
        FORECAST*
Main Economic Indicators202220232024202520262027
Population, 1000 persons21122120....
GDP, real change in %2.72.11.92.42.52.6
GDP per capita (EUR at PPP)3206035000....
Gross industrial production, real change in %1.2-5.6....
Unemployment rate - LFS, in %, average4.03.73.63.63.63.5
Average gross monthly wages, EUR20242221....
Consumer prices, % p.a.9.37.22.02.12.22.1
Fiscal balance in % of GDP-3.0-2.6-2.4-2.2-1.7-1.5
Public debt in % of GDP72.768.4....
Current account in % of GDP-1.14.52.92.62.72.8
FDI inflow, EUR m21831338....
Gross external debt in % of GDP91.090.4....


Basic data are continuously updated.

* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.

publication_icon

Monthly Report No. 1/2025

Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Maciej J. Grodzicki, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Dzmitry Kruk, Sebastian Leitner, Isilda Mara, Emilia Penkova-Pearson, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm and Maryna Tverdostup
wiiw Monthly Report No. 1, January 2025
50 pages including 6 Tables and 13 Figures

Details

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Executive summary

Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII
Details


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