Monday, January 13, 2014

Rank and Economy

The rank of Slovenia from the poorest is 148th and from the richest is 51st. The gdp per capita using atlas method in 2003 is 11,830 $. In other measurement IMF,WB, and CIA using nominal method in 2007,2007, and 2008,
Ljubljana 070.JPG
Rank74th (nominal) / 90th (PPP)
Currency€ (EUR)
Fiscal year1 January – 31 December
GDPDecrease$58.06 billion (PPP, 2012 est.)[1]
GDP growthDecrease-2.0% (Real, 2012 est.)[1]
GDP per capitaDecrease$28,600 (PPP, 2012 est.),
$22,916, €17,286 (2010)
[2] /> (30th, nominal; 30th, PPP)
GDP by sectorAgriculture 2.7%, Industry 27.6%, Services 69.7% (2012 est.)[1]
Inflation (CPI)Increase2.6%% (CPI, 2012 est.)[1]
below poverty line
12.7% (2010)[3]
Gini coefficient23.8[3] (List of countries)
Labour forceDecrease923,000 (2012 est.)[1]
Labour force
by occupation
agriculture: 2.2%,
industry: 35%,
services: 62.8%,
(2009 est.)[1]
UnemploymentIncrease11.9% (2012 est.)[1]
Main industriesferrous metallurgy and aluminum products, lead and zinc smelting; electronics (including military electronics), trucks, automobiles, electric power equipment, wood products, textiles, chemicals, machine tools [1]
Ease of doing business rank35th[4]
ExportsDecrease$28.42 billion (2012 est.)[1]
Export goodsmanufactured goods, machinery and transport equipment, chemicals, food [1]
Main export partners Germany 20.0%
 Italy 12.0%
 Austria 7.9%
 Croatia 6.2%
 France 4.8%
 Russia 4.6% (2012 est.)[5]
ImportsDecrease$29.83 billion (2012 est.)[1]
Import goodsmachinery and transport equipment, manufactured goods, chemicals, fuels and lubricants, food
Main import partners Italy 16.3%
Slovenia today is a developed country that enjoys prosperity and stability as well as a GDP per capita at 88% of the EU27average. It was the first new member of the European Union to adopt the euro as a currency in January 2007 and it has been a member of the Organisation for Economic Co-operation and Development since 2010.
Slovenia has a highly educated workforce, well-developed infrastructure, and is situated at a major transport crossroad. On the other hand, the level of foreign direct investment is one of the lowest and the Slovenian economy has been severely hurt by the European economic crisis, which started in late 2000s. Almost two thirds of the working population are employed in services.
The traditional primary industries of agricultureforestry, and fishing comprise a comparatively low 2.5 percent of GDP and engage only 6 percent of the population. The average farm is only 5.5 hectares. Part of Slovenia lies in the Alpe-Adriabioregion, which is currently involved in a major initiative in organic farming. Between 1998 and 2003, the organic sector grew from less than 0.1% of Slovenian agriculture to roughly the European Union average of 3.3%.
Public finances have shown a deficit in recent years. This averaged around $650 million per annum between 1999 and 2007, however this amounted to less than 23 percent of GDP. There was a slight surplus in 2008 with revenues totalling $23.16 billion and expenditures $22.93 billion] Government expenditure equalled 38 percent of GDP. As of January 2011, the total national debt of Slovenia was unknown. The Statistical Office of the Republic of Slovenia (SURS) reported it to be (not counting state-guaranteed loans) 19.5 billion euros or 54.2% of GDP at the end of September 2010. According to the data provided by the Slovenian Ministry of Finance in January 2011, it was just below 15 billion euros or 41,6% of the 2009 GDP. However, the Slovenian financial newspaper Finance calculated in January 2011 that it is actually 22.4 billion euros or almost 63% of GDP, surpassing the limit of 60% allowed by the European Union. On 12 January 2011, the SlovenianCourt of Audit rejected the data reported by the ministry as incorrect and demanded the dismissal of the finance ministerFranc Križanič.
Slovenia's traditional anti-inflation policy relied heavily on capital inflow restrictions. Its privatization process favoured insider purchasers and prescribed long lag time on share trading, complicated by a cultural wariness of being "bought up" by foreigners. As such, Slovenia has had a number of impediments to foreign participation in its economy. Slovenia has garnered some notable foreign investments, including the investment of $125 million by Goodyear in 1997. At the end of 2008 there was around $11.5 billion of foreign capital in Slovenia. Slovenians had invested $7.5 billion abroad. As of 31 December 2007, the value of shares listed on the Ljubljana Stock Exchange was $29 billion.
Investments from neighboring Croatia have begun in Slovenia. On 1 July 2010, Droga Kolinska was purchased by Atlantic Group of Croatia for 382 million euros. In June of 2013, Slovenia's largest food retailer Mercator, was purchased by Croatia's Agrokor for 454 million euros. Croatian investments into Slovenia are expected to increase in the years to come.