CURRENT ECONOMIC PERFORMANCE
2016 EPI score
| F (Very Poor) |
D (Poor) |
C (Fair) |
B (Good) |
A (Excellent) |
A+ (Superior) |
| <60 | 60-80 | 80-90 | 90-95 | 95-100 | >100 |
Slovenia: reform momentum
Slovenia’s economy has been emerging slowly from a recession and a banking crisis, while the ECB’s quantitative easing and recent reforms pushed the economy into a rebound. The EPI grades Slovenia’s current economic performance at a C level, with the EPI score projected to be close to 87.7% in 2016.
Slovenia has been recovering after a banking crisis in 2013, when the government had to recapitalize large government banks, which pushed the government’s budget deficit to almost 15% of GDP. Being a member of the Eurozone and having a population of only two million people, Slovenia has been benefiting from improved export performance to the other Eurozone countries.
On the back of higher exports and a stabilizing financial system that is helping the internal demand to recover, GDP growth has been recovering and reached 2.3% in 2015 and is projected to be 1.8% in 2016. The 5-Minute Economist projects Slovenia’s EPI score to stay below 90%, or a C/C-level, until 2020, as unemployment is likely to stay relatively high, along with budget deficits.
ECONOMIC PERFORMANCE HISTORY
EPI COMPONENTS PERFORMANCE HISTORY
Inflation
Unemployment
Budget deficit
GDP Growth
EPI DATA FOR SLOVENIA
| Year | Inflation Rate (%) | Unemployment Rate (%) | Budget Deficit as a Percent of GDP (%) | Change in Real GDP (%) | Raw EPI Score (%) | Change From Previous Year | Raw EPI performance |
|---|---|---|---|---|---|---|---|
| 2000 | 8.9 | 6.7 | 1.2 | 4.2 | 87.3 | -4.0 | C |
| 2001 | 8.4 | 6.2 | 1.2 | 3.0 | 87.1 | -0.1 | C |
| 2002 | 7.5 | 6.3 | 1.4 | 3.8 | 88.6 | 1.5 | C+ |
| 2003 | 5.5 | 6.7 | 1.3 | 2.8 | 89.3 | 0.7 | C+ |
| 2004 | 3.6 | 6.3 | 1.3 | 4.4 | 93.1 | 3.8 | B |
| 2005 | 2.5 | 6.5 | 1.0 | 4.0 | 94.0 | 0.8 | B |
| 2006 | 2.5 | 6.0 | 0.8 | 5.7 | 96.4 | 2.4 | A |
| 2007 | 3.7 | 4.9 | -0.3 | 6.9 | 98.7 | 2.3 | A |
| 2008 | 5.6 | 4.4 | 0.3 | 3.3 | 93.0 | -5.7 | B |
| 2009 | 0.8 | 5.9 | 5.4 | -7.8 | 80.1 | -12.9 | D+ |
| 2010 | 1.8 | 7.3 | 5.2 | 1.2 | 86.9 | 6.9 | C |
| 2011 | 1.8 | 8.2 | 5.5 | 0.6 | 85.1 | -1.8 | C |
| 2012 | 2.6 | 8.9 | 3.1 | -2.7 | 82.7 | -2.5 | C- |
| 2013 | 1.8 | 10.1 | 13.9 | -1.1 | 73.1 | -9.6 | D |
| 2014 | 0.2 | 9.7 | 5.8 | 3.1 | 87.4 | 14.2 | C |
| 2015 | -0.5 | 9 | 3.3 | 2.3 | 89.5 | 2.1 | C+ |
| 2016 | -0.1 | 7.9 | 1.8 | 2.5 | 92.7 | 3.3 | B |
| 2017* | 1.5 | 7.0 | 1.5 | 2.5 | 92.4 | -0.3 | B |
| 2018* | 2.0 | 6.6 | 1.6 | 2.0 | 91.8 | -0.7 | B |
| 2019* | 2.0 | 6.2 | 1.8 | 2.0 | 91.9 | 0.2 | B |
| 2020* | 2 | 5.9 | 2.0 | 1.8 | 91.9 | 0.0 | B |
| 2021* | 2 | 5.7 | 2.1 | 1.8 | 92.0 | 0.1 | B |
| 2022* | 2 | 5.5 | 2.2 | 1.8 | 92.1 | 0.1 | B |