SloveniaChapters
The Slovene lands were part of the Austro-Hungarian Empire until the latter's dissolution at the end of World War I. In 1918, the Slovenes joined the Serbs and Croats in forming a new multinational state, which was named Yugoslavia in 1929. After World War II, Slovenia became a republic of the renewed Yugoslavia, which though communist, distanced itself from Moscow's rule. Dissatisfied with the exercise of power by the majority Serbs, the Slovenes succeeded in establishing their independence in 1991 after a short 10-day war. Historical ties to Western Europe, a strong economy, and a stable democracy have assisted in Slovenia's transformation to a modern state. Slovenia acceded to both NATO and the EU in the spring of 2004; it joined the euro zone and the Schengen zone in 2007.
Key indicators
- Area
- 20,273 km2
- Population
- 2,102,106 (July 2021 est.)
- Government type
- parliamentary republic
- Languages
- Slovenian (official) 91.1%, Serbo-Croatian 4.5%, other or unspecified 4.4%
- GDP
- $52.88 billion (2020 est.)
- Growth rate
- -5.5% (2020 est.)
- HDI
- 22
- Capital
- Ljubljana
Macroeconomic indicators
The economy is projected to continue its strong expansion in 2018, growing at 5% in 2018 and nearly 4% in 2019. Private consumption will be boosted by strong real income growth from the buoyant labour market. Favourable financial conditions and EU structural funds will underpin business and public infrastructure investment. Exports will decelerate as higher wages undermine external competitiveness. Imports will be bolstered by higher domestic demand and tighter capacity constraints.
The fiscal stance is projected to remain expansionary, even though rapid growth will secure a higher budget surplus. Nonetheless, a still higher surplus is needed to contain inflationary pressures as monetary conditions will remain highly accommodative. In addition, greater privatisation efforts would boost jobs and growth.
Source: OECD - Economic Forecast
IMF Statistics:
| Subject descriptor | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
|
Gross domestic product, constant prices Percent change (Units) |
8.229 |
2.461 |
1.587 |
2.010 |
2.500 |
|
Gross domestic product, current prices Percent change (Billions) |
61.873 |
60.111 |
68.236 |
72.101 |
75.096 |
|
Gross domestic product per capita, current prices Percent change (Units) |
29,338.031 |
28,526.671 |
32,233.058 |
34,026.494 |
35,429.874 |
|
Inflation, average consumer prices Percent change (Units) |
1.917 |
8.834 |
7.447 |
2.733 |
1.968 |
|
Volume of imports of goods and services Percent change (Units) |
17.787 |
8.992 |
-5.069 |
5.184 |
5.123 |
|
Volume of exports of goods and services Percent change (Units) |
14.474 |
7.163 |
-1.967 |
2.872 |
4.271 |
|
Unemployment rate Percent change (Units) |
4.725 |
4.000 |
3.675 |
3.721 |
3.778 |
|
Current account balance Percent change (Billions) |
2.049 |
-0.610 |
3.054 |
1.941 |
1.600 |
|
Current account balance Percent change (Units) |
3.312 |
-1.014 |
4.476 |
2.692 |
2.131 |
Estimates
Source: IMF Statistics - Slovenia
Relationships with Luxembourg
Existing conventions and agreements
Non double taxation agreement
In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.
- Convention from 02.04.2001 (Memorial 2002, A No.141, p.3216)
- Effective as of 01.01.2003 (Memorial 2002, A No.141, p.3216)
- Amendment of the Convention from 20.06.2013 (Memorial 2014, A, No.232, p.1815)
- Effective as of 01.01.2015 (Memorial 2014, A, No.232, p.1815)
Air Services agreement
- Agreement from 05.21.1993 (Memorial 1995, A, p. 1592)
- Effective as of 07.09.1995 (Memorial 1995, A, p. 1976)
Further information
Foreign Trade
The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.
You can see the statistics on the website of the Statec.
Contact points in Slovenia
Embassy of the Grand Duchy of Luxembourg in Slovenia
Ambassador with residence in Vienna: Mr Jean GRAFF
Sternwartestrasse 81
A - 1180 Wien
Austria
Tel.: (+43) (0)1 478 21 42
Fax: (+43) (0)1 478 21 44
E-Mail: vienne.amb@mae.etat.lu
Website: vienne.mae.lu
Honorary Consul
Honorary Consul with jurisdiction over Slovenia:
Mr Joze Gasper FILIPLIC
Presernova cesta 11
SL-1000 Ljubljana
Slovenia
Tel.: (+386) 83 89 98 01; (+386) 41 652 050
E-Mail: senozet@siol.net
Source: Ministry of Foreign Affairs of Luxembourg
Country risk as defined by Office du Ducroire for Slovenia
Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.
Link: Ducroire Office - Country Risk for Slovenia