Slovenia economy at a glance

Latest figures for Slovenia: inflation, growth, interest rates, jobs, bond yields, debt and taxes. Updated 6 November 2026. Open Slovenia on the interactive map →

Key figures

Indicator	Latest	Period	Previous
Inflation (consumer prices, year on year)	3.8%	October 2026	3.7% September 2026
Core inflation (excluding food and energy)	1.9%	October 2026	2.3% September 2026
Real GDP growth (year on year)	4.9%	Q2 2026	3.4% Q1 2026
Policy rate (European Central Bank)	2.50%	November 2026	2.50% October 2026
Unemployment rate	3.6%	September 2026	3.4% August 2026
10-year government bond yield	3.86%	September 2026	3.54% August 2026
Retail sales (year on year)	5.3%	September 2026	3.6% August 2026
Industrial production (year on year)	4.7%	August 2026	1.0% July 2026
House prices (year on year)	9.1%	Q2 2026	9.3% Q1 2026

Questions and answers

What is the inflation rate in Slovenia?

Slovenia's annual inflation rate was 3.8% in October 2026, up from 3.7% in September 2026.

What is the interest rate in Slovenia?

The European Central Bank deposit facility rate is 2.50% (as of November 2026). The next rate decision is due on 17 December 2026.

How fast is Slovenia's economy growing?

Slovenia's real GDP grew 4.9% year on year in Q2 2026. The IMF's October 2026 World Economic Outlook forecasts growth of 3.2% in 2026 and 2.2% in 2027.

What is the unemployment rate in Slovenia?

Slovenia's unemployment rate was 3.6% in September 2026, up from 3.4% in August 2026.

What is Slovenia's 10-year government bond yield?

Slovenia's 10-year government bond yield averaged 3.86% in September 2026.

How much government debt does Slovenia have?

Slovenia's government debt is about 65.1% of GDP (latest annual figure), with a budget deficit of 2.5% of GDP.

What is Slovenia's credit rating?

Slovenia's sovereign credit ratings: S&P AA, Moody's A2, Fitch A+.

What is the VAT rate in Slovenia?

Slovenia's standard VAT rate is 22% (2026 rules).

What is the corporate tax rate in Slovenia?

Slovenia's corporate income tax rate is 22.0% (2026 rules).

Who leads Slovenia?

Slovenia is led by Prime Minister Janez Janša (SDS; elected by parliament 22 May 2026, cabinet appointed 4 Jun 2026); President Nataša Pirc Musar (head of state). Next election: Presidential election due in autumn 2027; next National Assembly election due by spring 2030.

Outlook

Forecasters have sharply raised 2026 growth after a strong first half: IMAD sees 3.8%, the IMF 3.2% and Erste 3.2%, slowing to about 2.2–2.5% in 2027, as new pharma and auto capacity and investment fade into a more normal pace. Inflation is above the euro-area average, at about 3.5% in 2026 per the IMF, because of utility and housing costs, and the ECB's tightening is a headwind. The main risks are the energy shock, a slowdown in German and Swiss demand, the end of RRF-funded investment in 2026–27, and possible fiscal slippage if tax cuts are not offset, given the coalition's narrow majority.

Why Slovenia matters for the world economy

Slovenia is a small, very open euro-area economy, with exports at about 79% of GDP. Its global footprint is mainly through pharmaceuticals: Sandoz-owned Lek and Krka make it a sizeable generics and active-ingredient supplier, which is why Switzerland takes over 40% of its goods exports. It also supplies the German, Austrian and Italian car and appliance industries and is a gateway to the Western Balkans via the port of Koper. Its fiscal and market influence on others is limited. However, Janša's return adds a Trump-friendly, migration-sceptical voice in EU councils, and its tight bond spreads make it one of the stronger mid-sized euro credits.

Politics

After an inconclusive March 2026 election, in which Robert Golob's liberal Freedom Movement came narrowly first but could not form a majority, Janez Janša returned for a fourth term as prime minister. His five-party centre-right coalition (SDS, NSi, SLS, Focus and the Democrats) holds 43 of 90 seats and relies on the Resni.ca party's five votes; parliament approved the cabinet 49 to 30. The government, with Andrej Šircelj back as finance minister, promises lower taxes, less red tape and an anti-corruption drive. Its October budget drafts keep the deficit at 2.9% of GDP in 2027, falling to 2% in 2028, with no net new taxes. The narrow majority and Janša's polarising style are the main political risks, but fiscal policy so far looks orthodox.

System: Unitary parliamentary republic.

Economy and taxes

GDP: US$80 billion
Population: 2.1 million
Government debt: 65.1% of GDP
Budget balance: −2.5% of GDP
Current account: 3.5% of GDP
Exports: 78.6% of GDP
Main exports: Pharmaceuticals (Sandoz/Lek, Krka; largely routed via Switzerland), vehicles and parts (Renault's Revoz plant), electrical machinery and household appliances, metals, chemicals, food
Top export markets: Switzerland (42.2%), Germany (10.2%), Croatia (6.8%), Italy (6.3%), Austria (4.0%)
IMF growth forecast: 3.2% in 2026, 2.2% in 2027
IMF inflation forecast: 3.5% in 2026, 2.5% in 2027
Currency: EUR
Freelancer tax: A self-employed person earning the average wage (EUR 30,432 a year) pays about 41.9% of it in income tax and social contributions (2026 rules)
Top income tax rate: 50.0%
Gold reserves: 4.2 tonnes (July 2026)
Energy self-sufficiency: 45% (2024)

Recent news

4 November 2026 Slovenian HICP inflation edges up to 3.8% in October Eurostat
Eurostat's flash estimate put Slovenia's harmonised inflation at 3.8% in October, up from 3.7% in September, while euro-area inflation rose to 4.0% on a 20.8% jump in energy prices.
27 October 2026 Slovenia sells $500mn 10-year dollar bond to strong demand Government of Slovenia
The state sold a 10-year US dollar bond at a 5.63% yield, drawing orders above $785mn; it was its first 10-year dollar benchmark since 2023. After swapping the proceeds into euros, the cost is about 4.12%. Debt is projected at 64.6% of GDP this year.
20 October 2026 Slovenia to hold a referendum on Janša's Development Act on 6 December Government of Slovenia
Voters will decide on the government's flagship package of tax relief and pro-growth measures. Janša says it would leave employees and pensioners with more money and accepts slightly lower public revenue in the short term in return for more investment.
4 October 2026 Janša cabinet sends 2027–28 budgets with deficits below 3% of GDP Government of Slovenia
The drafts foresee a 2.9% of GDP deficit in 2027, narrowing to 2% in 2028. They plan no net new taxes and make defence a priority, aiming for a balanced budget after 2030.
30 September 2026 Slovenian consumer inflation rises to 3.3% Trading Economics / SURS
Annual CPI inflation rose from 3.0% in August, mainly because of higher housing and utility costs. Food prices are still slightly lower than a year ago.
25 September 2026 S&P keeps Slovenia at AA with stable outlook Slovenian Ministry of Finance
At its annual review, S&P left the rating unchanged, two weeks after Fitch affirmed A+ stable. The new government faced no rating pressure.

Headlines and summaries are compiled daily from the linked reports with AI assistance.