Growth was strong after independence
Rapid catch-up stalled after the crisis
Income inequality is low
Well-being outcomes: Better Life Index
Key macroeconomic developments
The banking sector was hit hard by the boom-bust credit cycle, but restructuring efforts have resulted in improvements
The banking sector remains weak and credit activity is subdued
The debt overhang is concentrated in a few companies
Deleveraging has been under way, while corporates still face elevated funding costs
The government pursues fiscal consolidation but public debt keeps rising
Structural primary surpluses will be needed to stabilise debt while age-related expenditures will exert additional pressure
Public expenditure is high and rising
Salaries in the public sector are low
Marginal tax wedge is high – % of total earnings, 2013
There is room to raise property taxes
Old-age dependency ratio and projected public pension expenditure
A big rise in health and long term care expenditures is projected in the future
The labour force participation rate of older workers is low
Employment protection was reduced in 2013
Long-term unemployment is high and youth unemployment has risen
Slovenia spends less on active labour market programmes than most other countries
Slovenia is one of the countries with the highest minimum wage relative to the median
Product market regulation is overly strict
FDI has remained low
Slovenia does well in terms of inputs into innovation process, but innovative activity is low
Air pollution indicators
Growth was strong after independence (graph)
There has been large adjustment in labour utilisation after the crisis
Growth in value added per worker turned negative in most sectors, while value added per hour continued growing
There is scope to improve labour productivity in several sectors
Contribution of factors to GDP growth
Slovenia's exports have been growing steadily
In the post-crisis period, Slovenian exports have under-performed
Slovenia's improvements in cost competitiveness lag some peers
Export market performance stagnated, but there have been improvements recently
The share of domestic value added in gross exports is still low
Slovenia has a high GVC participation index due to high backward participation
Slovenia is open to services trade
High-technology goods have increased their weight in export
Share of high and medium technology manufacturing is relatively high
Labour productivity and wages are higher in high technology manufacturing
Most relevant instruments of public funding of business R&D, 2014
Slovenia has one of the highest variations in mathematics performance between schools
Difference in disciplinary climate between advantaged and disadvantaged schools is the highest in Slovenia
Probability of students whose parents have low levels of education attending tertiary education, 2009
Private costs of attaining tertiary education, 2010
Mismatches on the labour market have increased for highly educated people
Annual expenditure per student by educational institutions for all services by level of education, 2011
Slovenia is one of the countries with the highest minimum wage relative to the median wage, 2012
How did the firms react to change in minimum wage legislation
The employment protection legislation index in Slovenia prior to and following the change in the year 2013
The effects of the 2013 labour market reform on firms' employment decisions has been limited
Slovenia spends less on active labour market programmes than majority of other countries
Slovenia ranks low on a number on doing business indicators
Equity market capitalisation and turnover – 2013
Relatively high tax burden is primarily levied on consumption and labour
Marginal tax wedge is high
Structural breaks
The population in Slovenia is ageing more rapidly than in most other OECD countries
Well-being of people aged 60 years and more
Age-related expenditures will exert significant pressure
Public spending for old-age and survivor pensions is relatively high in Slovenia
Total public pension expenditure is projected to grow strongly (2013-60)
Projected public pension expenditure under the new and old pension systems
Public pension contribution rates, 2012
Pension to wage ratio (net)
Net replacement rates
House ownership and poverty of the elderly
Importance of pension funds relative to the size of the economy, 2013
Total current health and long-term care expenditure
A big rise in health and long term care expenditures is projected in the future (graph)
The share of general practitioners among all doctors is low
Slovenia is oriented toward institutional long term care
Life expectancy (LE) and healthy life years (HLY) at birth, by gender, 2012
Labour force participation rate of older workers, 2013
Changes in net pension wealth
Protection of permanent workers against individual and collective dismissals, 2013
Percentage of workers over 55 who report having been subject to age discrimination at work