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Slovenia is regarded as one of the model countries in Europe. It's economic success and stability is complemented by an educated workforce and superb physical infrastructure. Slovenia became the first nation to change to donor partner from borrower status at the World Bank in 2004. The country joined Eurozone on January 1, 2007. The euro came into circulation from that date.
Slovenia enjoyed a GDP real growth rate of 6.1% in 2007. GDP purchasing power parity was $56.19 billion. Services contribute to GDP the most: 63.5% (2007). Industry (34.4%) and agriculture (2.1%) fill up the rest.
Slovenia's labor force consists of 925,000 persons (2007). Majority of the country's employable population work in services (61.5%), followed by industry (36%) and agriculture (2.5%). Unemployment stands at 7.7%. Inflation rate is 6% (2007).
The United States’ “pivot to Asia” has been intensely discussed over the last years. But recently, a new pivot model has come up: the Russian Federation’s pivot to Asia. This article analyzes this topic from an economic perspective by asking: Is the Russian economy really about to shift its focus thus far centered on the European Union (EU) to Asia? The following events have been heating up this discussion: Read more
Mario Blejer & Eduardo Levy Yeyati,
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