IMD World Competitiveness Booklet 2023

Slovenia Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Ljubljana

20 2022

35

37

0,950 2022

38

Exchange rate (per $)

40

2,11 2022 58 62,1 2022 56 50.006 2022 30 5,4 2022 19 8,82 2022 40 4,00 2022 20 1,03 2022 57 -0,42 2022 30 20,0 2021 61 3,48 2021 22

42

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2023

GDP (PPP) per capita (US$)

• Tackle severe labor shortages accompanied by wage pressures. • Reform the public health and pension systems and develop long-term care. • Improve the efficiency and effectiveness of public service delivery, particularly by removing administrative barriers. • Implement green and digital transformation, accompanied by the upgrading of digital skills and retraining of the workforce. • Address weaknesses in the tax system, in particular the high tax burden on labor.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: Institute for Economic Research, Ljubljana

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices Attitudes & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

9

15

19

20

28

32 32

38

40

41

43

47 46

49

50 51

50

53

55

57

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)

POPULATIONS < 20 MILLION (37 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

22

22

23

23

24

25

25

25

27

28

108 Competitiveness Country Profiles