Joining the Eurozone will mitigate financing risks amid the global downturn

BB1

Low risk for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Last updated in January 2024.

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GDP USD 71.0bn (World ranking 80, World Bank 2022)
Population 3.90mn (World ranking 129, World Bank 2022)
Form of state Parliamentary Democracy
Head of government Andrej PLENKOVIC (prime minister)
Next elections 2024, presidential
  • EU membership and good international relations
  • Eurozone accession in January 2023 provides for low transfer and convertibility risk
  • Fiscal prudence since 2015 (only temporarily interrupted in 2020 due to the Covid-19 crisis)
  • Comfortable annual current account balances since 2010
  • Adequate, improving business environment
  • Vulnerability to EU business cycle
  • Economic dependence on tourism
  • Net importer of energy and food
  • Public debt has remained elevated despite fiscal consolidation since 2015
  • Unfavorable external debt-to-GDP ratio

Trade structure by destination/origin

(% of total, annual 2022)

Exports Rank Imports
Italy 12.2%
1
13.8% Italy
Slovenia 11.5%
2
12.4% Germany
Hungary 11.3%
3
10.7% Slovenia
Germany 11.1%
4
7.6% United States
Bosnia and Herzegovina 10.4%
5
7.3% Hungary

Trade structure by product

(% of total, annual 2022)

Exports Rank Imports
Petroleum, petroleum products and related materials 7.9%
1
10.5% Petroleum, petroleum products and related materials
Electrical machinery, apparatus and appliances, n.e.s. 7.0%
2
9.4% Gas, natural and manufactured
Electric current 5.9%
3
5.5% Road vehicles
Gas, natural and manufactured 5.6%
4
5.1% Electric current
Medicinal and pharmaceutical products 4.4%
5
4.8% Electrical machinery, apparatus and appliances, n.e.s.
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