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Slovenia
Chamber of Commerce Country Factsheet Last update: 12.07.2018

Your advisors at the Chamber of Commerce

  • Edith Stein
    +352423939482
  • Anne-Catherine Fohl
    +352423939372
Contact us: europe@cc.lu

Key Indicators

Area
20,273 km2
Population
1,972,126 (July 2017 est.)
Government type
parliamentary republic
Languages
Slovenian (official) 91.1%, Serbo-Croatian 4.5%, other or unspecified 4.4%
GDP
$70.36 billion (2017 est.)
Growth rate
4% (2017 est.)
HDI
25
Capital
Ljubljana

 

Introduction

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.

Source: The CIA World Factbook - Slovenia

 

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 descriptor20142015201620172018
Gross domestic product, constant prices
Percent change
3.1062.3172.3351.8131.643
Gross domestic product, current prices
U.S. dollars (Billions)
49.60942.79844.12245.91747.565
Gross domestic product per capita, current prices
U.S. dollars (Units)
24,069.28820,746.89821,369.99922,220.10322,997.462
Inflation, average consumer prices
Percent change
0.183-0.506-0.2940.9531.401
Volume of imports of goods and services
Percent change
4.1544.6233.9884.5514.504
Volume of exports of goods and services
Percent change
5.6935.5515.3123.1703.191
Unemployment rate
Percent of total labor force
9.7339.0008.2417.8747.505
Current account balance
U.S. dollars (Billions)
3.0892.2173.3983.3163.079
Current account balance
Percent of GDP
6.2275.1807.7027.2226.474
Colored cells are estimates

Source: IMF Statistics - Slovenia

 

Luxembourg and the country

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)

Source: Administration des Contributions Directes

 

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 Marc UNGEHEUER
Sternwartestrasse 81
A - 1180 Wien
Tél.: (+43) (0)1 478 21 42
Fax: (+43) (0)1 478 21 44 
E-mail: vienne.amb(at)mae.etat.lu
Website: vienne.mae.lu

Honorary Consul

Honorary Consul with jurisdiction in SloveniaMr Joze Gasper FILIPLIC
Presernova cesta 11
SL-1000 Ljubljana Slovenia
Tél.: (+386) 83 89 98 01
GSM: (+386) 41 652
Fax: (+386) 83 89 98 00
Email: senozet(at)siol.net 

Source: Ministry of Foreign Affairs of Luxembourg

 

Economic and Commercial Attaché (AWEX) in charge of Bosnia-Herzegovina and Slovenia 

Economic and Commercial AttachéMr Predrag SMOLE 

Trg Republike 3/VIII
1000 Ljubljana - Slovenia
Tel: +386 1 422 48.60/61
Fax: +386 1 422 48 62
E-mail: ljubljana(at)awex-wallonia.com 

Source: AWEX

 

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

Other useful links