Slovenian Economic Mirror
Slovenian Economic Mirror
Slovenian Economic Mirror - December 2004
Contents
| In the Spotlight | With lower inflation and higher economic growth than projected in the Budget Memorandum, general government deficit is set to be higher than expected |
| Balance of Payments | Export was one of the main driving forces behind economic growth in 2004 |
| Price Trends | November's 0.6% inflation was generated by seasonal price rises and higher prices of liquid fuels for transport and heating |
| Monetary Developments | The Bank of Slovenia increased the interest rate on temporary purchases of foreign exchange by 0.25 of a percentage point at the end of 2004 |
| The Money Market -Savings | Stronger growth of foreign currency savings despite lower interest rates |
| The Money Market - Loans | Subdued growth of household loans seen in November |
| Labour Market | The number of people in employment continued to rise in October |
| Earnings | October saw modest growth of wages in both private and public sectors |
| General Government Revenue | Moderate real growth of general government revenues (2.7%) recorded in the first eleven months of 2004 |
| Private Consumption | Private consumption was up 3.6% in the first nine months of 2004 |
| Manufacturing | Third quarter of 2004 again recorded high, 7.4% growth of value added |
| Construction | Total floor space planned in building permits peaks in the third quarter of 2004 |
| Transport & Communications | Robust growth of road freight transport in 2004 |
| Distributive Trades | Turnover in wholesale trade again records higher growth than in retail trade |
| Tourism | In the third quarter of 2004, Ljubljana again registered the largest rise in overnight stays |
| Selected topics | |
| Public Expenditure on Education - International Comparison | Slovenia is ranked in the upper third of EU countries by its share of public expenditure on education |
| Past & Future of Slovenian GDP | Deepening of physical capital was the main driving force behind strong economic growth in 1993-2002 |
| Room for Future Improvement of Slovenian GDP Growth | Biggest potential for higher growth in future is in total factor productivity |
| Life Satisfaction in EU | Slovenia has the lowest level of perceived social exclusion |
| Long-Term Care | The new social risk should be covered more adequately by the social protection system |
| Tourism - Travels of Domestic Population | A record number of Slovenians went on a trip in the summer of 2004 |
| Trade in Services | Slovenian market share of services imports in the EU-15 stagnated in 2001-2002 |
| Co-operative Societies | A high share of co-operative societies recorded a negative difference between net profit and net loss in 2003 |
| Data, Main Indicators, International Comparisons, Graphs | |