Owing to above average 14% export and import growth in 2017, Slovenia further improved its position among EU Member States observed by international trade indicators. Inward and outward foreign direct investment stock also increased in 2017 (by 5.4% and 2.9%, respectively).
In 2017 above the average growth of export and import of goods and services
Compared to 2016, in 2017 Slovenia increased the value of exports and imports of goods and services by 14%. The exports and imports growth were above average. The average exports growth in the previous three years was 5.1% and the average imports growth 3.5%. In terms of the relative size of exports and imports of goods and services in GDP (exports 82.9%, imports 73.2%) Slovenia was 8th among EU-28 Member States and gained two places compared to 2016. The countries with higher shares of exports of goods and services were Luxembourg, Malta, Ireland, Slovakia, Hungary, Belgium and the Netherlands.
Slovenia's integration in international trade, measured by the indicator of trade integration of goods, was 64.4% and, as in previous years, among the highest among EU-28 Member States. Slovenia was 4th. As regards the indicator of trade integration of services, which was 13.6% in 2017, Slovenia was 14th (in 2016 15th)
The stock of inward foreign direct investment increased by 5.4%, more moderately than in the previous three years
Foreign direct investment in Slovenia at the end of 2017 amounted to EUR 13.7 billion and compared to the end of 2016 increased by 5.4%, which is less than in the previous three years when it grew between 12% and 15%.
In 2017 foreign direct investment in Slovenia amounted to 31.8% of GDP, which was approximately on the same level as in 2016 (32.1%).
Outward foreign direct investment stock grew by 2.9%
Slovenia’s direct investment abroad at the end of 2017 amounted to EUR 5.9 billion and compared to the end of 2016 increased by 2.9%. The average annual outward foreign direct investment stock growth in the previous three years was slightly higher at 3.5%.
In 2017, Slovenia’s direct investment thus amounted to 13.7% of GDP, which is 0.5 of a percentage point less than in 2016 (14.2% of GDP).
In 2017 the share of foreign affiliates in total number of observed enterprises remained the same as in 2016
Of all active market enterprises in non-financial activities (sections B to J, L to N and S95 according to the Standard Classification of Activities, 2008) in Slovenia in 2017, 5.8% were inward foreign affiliates, the same as in 2016. The share of foreign affiliates in total employment of all persons employed was 23.2%, in turnover 33.7% and in total value added 28.2%.
Selected structural business indicators of foreign inward affiliates1) , Slovenia, 2017
1) Covered are active market non-financial enterprises (NACE sections B to J, L to N and S95 according to the Standard Classification of Activities, 2008). Data are provisional.