Slovenia Private Banking Services, List of Banks in Slovenia

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 Slovenian 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:

 

agriculture: 5%

 

industry: 33%

 

services: 62% (1996)

 

Inflation rate—consumer price index: 5.6% (2004)

 

Labor force:

 

total: 857 400

 

by occupation: services 62% industry 36% agriculture 2% (1995)

 

Unemployment rate: 7.1% (1997 est.)

 

Budget:

 

revenues: $8.48 billion

 

expenditures: $8.53 billion including capital expenditures of $455 million (1996 est.)

 

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:

 

total value: $8.3 billion (f.o.b. 1996)

 

commodities: manufactured goods 50.7% machinery and transport equipment 31.4% chemicals 10.5% food 3.8% (1995)

 

partners: Germany 31% former Yugoslavia 16.5% Italy 13% Croatia 10% France 7% Austria 7% US 5% (1996)

 

Imports:

 

total value: $9.5 billion (f.o.b. 1996)

 

commodities: machinery and transport equipment 33.8% manufactured goods 30.4% chemicals 12.1% fuels and lubricants 6.6% food 8.4% (1995)

 

partners: Germany 22% Italy 17% France 10% Austria 10% Croatia 6% US 3% (1996)

 

Debt—external: $4.5 billion (1996 est.)

 

Economic aid:

 

recipient: ODA $5 million (1993)

 

Currency: 1 tolar (SlT) = 100 stotins

 

1 euro = 239.640 SIT - 2006

 

1 US $ = 190.00 SIT - June 2006 

 

Exchange rates: tolars (SlT) per US$1—205.70 (March 2000) 171.30 ( 1998) 159.69 (1997) 135.36 (1996) 118.52 (1995) 128.81 (1994) 113.24 (1993)

 

Fiscal year: calendar year