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||1996 - 2015
Slovenia, which on 1 January 2007 became the first 2004 European Union entrant to adopt the euro, is a model of economic success and stability for the region. With the highest per capita GDP in Central Europe, Slovenia has excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe. Slovenian GDP contracted sharply by 7.8 percent in 2009 but saw brief positive growth in 2010-11 before going back into recession in 2012-13, as final consumption expenditure struggled to recover. It was only in 2014 that the economy posted a solid 3 percent growth, led by fixed investment and exports of goods and services. Meanwhile, the budget deficit remains relatively high at 4.9 percent of GDP in 2014, mainly due to bank recapitalization, while the country's public debt rose from 22 percent of GDP in 2008 to about 80 percent in 2014. Given that, the country is now committed to stabilize its finances after the bailout of its mainly state-owned banks in 2013. Household expenditure is the main component of GDP and accounts for 53 percent of its total use, followed by gross fixed capital formation (20 percent) and government consumption (19 percent). Also, external balance of exports and imports accounts for 8 percent of total GDP. This page provides - Slovenia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Slovenia GDP Growth Rate - was last refreshed on Sunday, October 4, 2015.