![]() ![]() While estimates of the percentage of state involvement in the economy vary, most experts agree that it is among the highest among EU member states. However, due to rising inflation and energy prices – both exacerbated by the Russian invasion of Ukraine – Slovenia witnessed slower growth of 5.4 percent in 2022 and is expecting more modest growth of 1.8 – 2.6 percent until 2025.ĭespite a number of privatizations in the banking sector in 20, approximately 25 percent of Slovenia’s economy remains state-owned or state-controlled based on consultations with economic and financial experts. Slovenia’s economy rebounded after the COVID-19 pandemic with a GDP growth rate of 8.1 percent in 2021, exceeding the eurozone average. In recent years, Slovenia’s economic growth rate has outpaced those of most other EU member states, and the country has enjoyed rising incomes, growing domestic consumption, falling unemployment, low inflation, and burgeoning consumer confidence. With a small domestic market of just over two million people, Slovenia’s economy is heavily dependent on foreign trade and susceptible to international price and currency fluctuations as well as economic conditions among its major trading partners. Several factors make Slovenia an attractive location for foreign direct investment (FDI): modern infrastructure with access to important EU transportation corridors, a major port on the Adriatic Sea with access to the Mediterranean, a highly educated and professional workforce, proximity to Central European and Balkan markets, and membership in the Schengen Area, EU, and Eurozone.
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