IMF Staff Country Reports

Republic of Slovenia: Selected Issues

Publication Date:

May 14, 2024

Electronic Access:

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Summary:

This Selected Issues paper focuses on boosting productivity in Slovenia. Slovenia’s ageing population sets a constraint on the contribution of labor to gross domestic product in the end. Only achieve sustained increases in income and living standards can, therefore, through investment in physical and human capital and, more importantly, through enhancing productivity, historically the key growth driver. This paper summarizes historical trends in growth and productivity in Slovenia, examines the country’s strengths and weaknesses in terms of key factors affecting productivity identified in the literature. Since the scope for future labor contributions to growth in Slovenia is limited for demographic reasons—apart from further improvements to labor quality—the focus of economic growth policies should be on reinvigorating private investment, which has been low over the past decade, and pursuing labor and product market reforms that boost total factor productivity growth.

Series:

Country Report No. 2024/121

Subject:

Education International organization Labor Labor force Monetary policy National accounts Private investment Production Productivity Total factor productivity

Frequency:

regular