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Slovenia Economy 1998 https://greekorthodoxchurch.org/wfb1998/slovenia/slovenia_economy.html SOURCE: 1998 CIA WORLD FACTBOOK Economy - overview Today, Slovenia exhibits the highest per capita GDP of all the transition economies of the region, fairly moderate inflation, and a comfortable level of international reserves. However, GDP has posted slower growth since reaching a zenith of 5.5% in 1994. Growth declined to 3.5% in 1995 and 3.2% in 1996 and in 1997. Exports in 1997 benefited from economic recovery abroad - especially of Slovenia's main trading partners of the EU, which take 70% of Slovene exports. This export-led trend is predicted to continue, with an expected GDP growth rate of 3.8% for 1998. Slovenia received an invitation in 1997 to begin accession negotiations with the EU - a further reflection of Slovenia's sound economic footing. Slovenia must press on with privatization, enterprise restructuring, institution reform, and liberalization of financial markets, thereby creating conditions conducive to foreign investment, and maintaining a stable tolar. GDP purchasing power parity - $19.5 billion (1997 est.) GDP - real growth rate 3.25% (1997 est.) GDP - per capita purchasing power parity - $10,000 (1997 est.) GDP - composition by sector
Inflation rate - consumer price index 9.7% (1996) Labor force
Unemployment rate 7.1% (1997 est.) Budget
Industries ferrous metallurgy and rolling mill products, aluminum reduction and rolled products, lead and zinc smelting, electronics (including military electronics), trucks, electric power equipment, wood products, textiles, chemicals, machine tools Industrial production growth rate 0.8% (1996) Electricity - capacity 2.524 million kW (1995) Electricity - production 11.615 billion kWh (1995) Electricity - consumption per capita 5,759 kWh (1995) Agriculture - products potatoes, hops, wheat, sugar beets, corn, grapes; cattle, sheep, poultry Exports
Imports
Debt - external $4.5 billion (1996 est.) Economic aid
Currency 1 tolar (SlT) = 100 stotins Exchange rates tolars (SlT) per US$1 - 171.30 (January 1998), 159.69 (1997), 135.36 (1996), 118.52 (1995), 128.81 (1994), 113.24 (1993) Fiscal year
calendar year
NOTE: The information regarding Slovenia on this page is re-published from the 1998 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Slovenia Economy 1998 information contained here. All suggestions for corrections of any errors about Slovenia Economy 1998 should be addressed to the CIA. |