Slovenian Economic Mirror


Slovenian Economic Mirror

Slovenian Economic Mirror - February 2007

Contents

In the Spotlight Developments in the labour market were favourable in 2006; the ILO unemployment rate fell to 6.0%
International Environment -EMU Economic growth in the EMU was higher than expected in 2006; outlook for this year better than in autumn
International Environment - USA GDP growth and inflation are slowing down
Balance of Payments - Current Account The level of the current account deficit poses no threat to the balance of payments
Balance of Payments - Capital and Financial Account Capital flows rose further in 2006
Trade in Services Other services recorded the highest increase in exports and imports
Price Trends & Policy The contribution of price rises attributable to the euro changeover to inflation is comparable to the corresponding contributions in other EMU countries
Labour Market Formal employment increased by 1.4% in 2006, primarily in construction and business services
Labour Market - Unemployment in 2006 Average ILO unemployment rate fell to 6.0% while average registered unemployment rate declined to 9.4% in 2006
Earnings The annual real growth of the average gross wage per employee totalled 2.2%, which is less than the estimated growth of productivity
Manufacturing Manufacturing's industrial production enjoyed the highest growth in 15 years last year
Construction Robust growth of activity in Q4 of 2006
Agriculture - Production and Economic Accounts According to first estimates, the production value and value added in agriculture fell by around 6% last year
Selected topics
Pension insurance Growth of pension base exceeded wage growth
Household Electricity The consumption of household electricity is not more intense than the consumption of other energy sources
Selected Competition Indicators in Wholesale and Retail Trade Competition in wholesale and retail trade increased between 2002 and 2005
Health Expenditure - International Comparison Total expenditure on health in Slovenia accounted for 8.5% of GDP in 2004, slightly less than the EU-15 average
Regions 2006 - Selected Regional Socio-economic Indicators The biggest regional disparities observed in unemployment
Data, Main Indicators, International Comparisons, Graphs