Slovenia's Business Environment
- Official name: Republic of Slovenia
- Political system: Democratic parliamentary republic
- International code: SI / SLO / SVN
- Land surface: 20,271 km2
- Population: 2.1 million
- Capital: Ljubljana
- Largest city: Ljubljana
- Business centres: Ljubljana, Maribor, Celje, Kranj, Koper
- Official language: Slovenian
- Currency: euro (EUR)
- Memberships: EU, WTO, OECD, NATO, OVSE, UNO
- Dialling country code: +386
- GDP in 2019: 48,4 billion EUR
- GDP per capita: EUR 23,165
- GDP growth: 4.6% in 2021 (forecast), 4.4% in 2022 (forecast), 3.3% in 2023 (forecast)
- Inflation: 0.8% in 2021 (forecast), 1.2% in 2022 (forecast), 1.7% in 2023 (forecast)
- Unemployment: 8.5% in 2021 (forecast), 8.1% (forecast) in 2022, 7.6% in 2023 (forecast)
Sources: Government of the Republic of Slovenia; Surs; Umar;
Land of enterprising innovators – from a garage workshop to global performance
Given its geostrategic position in the European heartland, Slovenia’s open, and foreign trade-oriented economy benefits from well-established logistical connections to the East and West. The Slovenian economy, which has seen one of the highest levels of growth in Europe over the past few years, is based on its exports to various world markets and regions. The predominant economic co-operation with EU member countries represents over three quarters of total Slovenian exports. Export performance accounts for more than four fifths of Slovenia’s national GDP. The largest Slovenian exporters are large enterprises active in the manufacturing and processing industries, with a strong emphasis on automotive manufacturing, metalworking, pharmaceuticals, chemicals, and electricity supply.
The advantages of Slovenia
- 1. Geostrategically located in central Europe, with excellent quality roads, aviation, rail and maritime infrastructures connecting with the rest of Europe, Slovenia is an ideal point of entry to the several hundred million-strong market of the Western Balkans.
- 2. Numerous innovative, development-oriented, small and medium-sized enterprises, which operate in the most competitive foreign markets, are highly valued by internationally established brands and suppliers.
- 3. Highly educated, technologically skilled labour force.
- 4. Above-average performance of small and medium-sized enterprises focused on development and innovation, specialised for smart, innovative and niche-specific solutions with high added value.
- 5. Favourable business climate, open to foreign investment and development opportunities.
- 6. With unspoiled[BK2] nature, well-developed infrastructure, a favourable living environment, safe and short travel distances across the country, Slovenia offers the highest possible quality of life.
The logistical network, which comprises around 1,200 km of railway lines and 40,000 km of roads, three main airports and the Luka Koper harbour, make Slovenia a strong transport hub and an important economic and business starting point towards the east and west. Slovenia has the potential to further strengthen its role by building these infrastructure projects with additional support: the second track of the Divača–Koper railway line, the expressway on the Third Developmental Axis linking Slovenian Carinthia to Vinica on the border.