Slovenia - Statistics & Facts
The Republic of Slovenia is located in south central Europe and is a member of the European Union. It is bordered by Croatia to the southeast, Hungary to the east, Austria to the north, Italy to the west and the Adriatic Sea to the southwest. It is located along a major trade route, linking the Balkans with the rest of Europe. Recently, as Hungary sealed its border refusing to allow a number of migrants seeking refuge from war and poverty to enter the country, migrants have redirected their route to northern Europe, passing through Slovenia.
Slovenia is a relatively small country in land area and in population. Currently, the population of the country amounts to a little over 2 million people and is estimated to remain stable over the next few years. The capital and largest city is Ljubljana. Population growth in the country is close to zero, with a low fertility rate and an average to high life expectancy. Recently, the large influx of refugees from war-torn countries like Syria, arriving by the thousands or passing through each day, has been a strain for this small country with its relatively small population, so Slovenia is requesting EU cooperation in order to deal with the number of migrants seeking refuge.
Slovenia has been recovering from the European financial crisis, which hit it in 2012, negatively affecting the country’s GDP. However, it has since been in recovery, and as of 2014, the country’s GDP growth rate was in the black again, while GDP reached over 60 billion U.S. dollars and has not stopped growing. The largest share of GDP in Slovenia is generated by the service sector with almost 70 percent. Industry composed around a third and agriculture a mere 2 percent share. Slovenia also no longer has a trade deficit, a fact which further strengthens the economy. In 2016, Slovenia exported around 33 billion U.S. dollars worth of goods and imported around 30 billion U.S. dollars worth. The country’s most import export and import partners include Germany, Italy and Austria.
As GDP has recovered, unemployment is on its way to recovery as well. It reached a peak in 2013, but has since been falling and is expected to continue to do so for the foreseeable future according to forecasts by the International Monetary Fund. While the country’s national debt rose significantly in 2015, it is still below average EU levels. Overall, the country and its economy are stable at the moment.
Slovenia is a relatively small country in land area and in population. Currently, the population of the country amounts to a little over 2 million people and is estimated to remain stable over the next few years. The capital and largest city is Ljubljana. Population growth in the country is close to zero, with a low fertility rate and an average to high life expectancy. Recently, the large influx of refugees from war-torn countries like Syria, arriving by the thousands or passing through each day, has been a strain for this small country with its relatively small population, so Slovenia is requesting EU cooperation in order to deal with the number of migrants seeking refuge.
Slovenia has been recovering from the European financial crisis, which hit it in 2012, negatively affecting the country’s GDP. However, it has since been in recovery, and as of 2014, the country’s GDP growth rate was in the black again, while GDP reached over 60 billion U.S. dollars and has not stopped growing. The largest share of GDP in Slovenia is generated by the service sector with almost 70 percent. Industry composed around a third and agriculture a mere 2 percent share. Slovenia also no longer has a trade deficit, a fact which further strengthens the economy. In 2016, Slovenia exported around 33 billion U.S. dollars worth of goods and imported around 30 billion U.S. dollars worth. The country’s most import export and import partners include Germany, Italy and Austria.
As GDP has recovered, unemployment is on its way to recovery as well. It reached a peak in 2013, but has since been falling and is expected to continue to do so for the foreseeable future according to forecasts by the International Monetary Fund. While the country’s national debt rose significantly in 2015, it is still below average EU levels. Overall, the country and its economy are stable at the moment.
