Names: conventional long form: Republic of Slovenia conventional short form: Slovenia local long form: Republika Slovenija local short form: Slovenija former: People's Republic of Slovenia, Socialist Republic of Slovenia
Capital City: Ljubljana
Population: 2,010,347 (July 2006 est.)
GDP Per Capita: $22,900 (2006 est.)
Currency: euro (EUR) note: on 1 January 2007, Slovenia's currency became the euro; both the tolar and the euro were in circulation from 1 January until 15 January
Languages: Slovenian 91.1%, Serbo-Croatian 4.5%, other or unspecified 4.4% (2002 census)
Total Area: total: 20,273 sq km land: 20,151 sq km water: 122 sq km slightly smaller than New Jersey
Region: Europe
Industries: ferrous metallurgy and aluminum products, lead and zinc smelting; electronics (including military electronics), trucks, electric power equipment, wood products, textiles, chemicals, machine tools
Agriculture: potatoes, hops, wheat, sugar beets, corn, grapes; cattle, sheep, poultry
Resources: lignite coal, lead, zinc, mercury, uranium, silver, hydropower, forests
Labor Force:
914,000 (2006 est.)
agriculture: 4.8% industry: 39.1% services: 56.1% (2004)
Exports:
$21.85 billion f.o.b. (2006 est.)
manufactured goods, machinery and transport equipment, chemicals, food
Imports:
$23.59 billion f.o.b. (2006 est.)
machinery and transport equipment, manufactured goods, chemicals, fuels and lubricants, food
Overview:
With a GDP per capita substantially greater than the other transitioning economies of Central Europe, Slovenia is a model of economic success and stability for its neighbors in the former Yugoslavia. The country, which joined the EU in 2004 and joined the eurozone on 1 January 2007, has excellent infrastructure, a well-educated work force, and an excellent central location. Privatization of the economy proceeded at an accelerated pace in 2002-05. Despite lackluster performance in Europe in 2001-05, Slovenia maintained moderate growth. Structural reforms to improve the business environment have allowed for greater foreign participation in Slovenia's economy and have helped to lower unemployment. In March 2004, Slovenia became the first transition country to graduate from borrower status to donor partner at the World Bank. Despite its economic success, Slovenia faces growing challenges. Much of the economy remains in state hands and foreign direct investment (FDI) in Slovenia is one of the lowest in the EU on a per capita basis. Taxes are relatively high, the labor market is often seen as inflexible, and legacy industries are losing sales to more competitive firms in China, India, and elsewhere. The current center-right government, elected in October 2004, has pledged to accelerate privatization of a number of large state holdings and is interested in increasing FDI in Slovenia. In late 2005, the government's new Committee for Economic Reforms was elevated to cabinet-level status. The Committee's program includes plans for lowering the tax burden, privatizing state-controlled firms, improving the flexibility of the labor market, and increasing the government's efficiency.
In 2007 Missouri exported $2,205,324 in goods to Slovenia. This ranks Slovenia 120th among the 223 international buyers of Missouri goods. Missouri exports to Slovenia increased from the previous year by $1,165,328 a change of 112.05%. State exports to Slovenia have increased over the last 5 years by $1,998,914 a change of 968.42%. Missouri exports account for .02%. of all 2007 US exports to Slovenia.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 206,410 | 293,735 | 1,584,913 | 1,502,552 | 1,039,996 | 2,205,324 | |
| 000 - Total All Industries US | 130,852,863 | 139,471,668 | 191,950,436 | 233,317,358 | 239,062,870 | 296,955,998 | |