Productivity report 2023

The Institute of Macroeconomic Analysis and Development, as the National Productivity Board, produced the fifth Productivity Report.

We find that productivity shifts at the macro level are modest and that the gap with the EU average even widened in 2022. At the same time, however, Slovenia is not only maintaining its competitive edge in areas where it is traditionally strong, such as robotisation, but has also made progress in the last two years in a number of other factors where it was previously not at the forefront, such as marketing.

The biggest challenge is thus not the direction of change, as Slovenia still has a good basis for accelerated development, but the pace and intensity of implementation. There is still considerable untapped potential here, especially in comparison to the innovation leaders. Slovenia will therefore only be able to unleash its full potential if it is able to make a strategic shift and implement measures that accelerate the transition to a smart and green economy, especially taking into account demographic trends and labour shortages as the new normal, i.e. measures that primarily have a long-term impact. Among them, policies and measures to ensure a sufficient labour force and the right skills, which are the focus of this report, play an important role.