Slovenia 30 Years after Independence: Economic Development and Prospects
Slovenia 30 Years after Independence: Economic Development and Prospects

Summary/Abstract: The COVID-19 pandemic initially hit Slovenia’s economy hard, lowering GDP in 2020 by5.5 percent. But due to a resilient export sector and government support measures, economic damage will be smaller than expected and a strong recovery is projected.Today, Slovenia still leads the region in most metrics of human development. However,despite its success, there is a persistent lag compared to the living standards of the most developed EU Member States, in part due to a gap in productivity and value-added per employee in the country.In order to bridge this gap, comprehensive improvements in the political and legal system and in the overall business environment are necessary, as well as a faster pace of greening the economy and digitalization. Larger investments in infrastructure, research and innovation will be needed without endangering the comparatively strong welfare state and public healthcare.

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