Slovenia

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 2018: 46 billion EUR
GDP per capita: EUR 22,000
GDP growth: 4.4% in 2018, 3.7% in 2019 (forecast), 3.4% in 2020 (forecast)
Inflation: 1.8% in 2018, 2.1% in 2019 (forecast), 2.3% in 2020 (forecast)
Unemployment: 8.2% in 2018, 7.7% in 2019, 7.2% in 2020 (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 the 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 the 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 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 middle-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 middle-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 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