Republic of Slovenia: Selected Issues

May 14, 2024

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Republic of Slovenia: Selected Issues, (USA: International Monetary Fund, 2024) accessed November 21, 2024

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.

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

Keywords: Central and Eastern Europe, EU growth composition, Europe, Firm leverage, Global, I. shift share methodology, Labor force, Labor market indicator, Private investment, Productivity, Productivity trend, Total factor productivity

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/121
Stock No:

1SVNEA2024002
ISBN:

9798400275043
ISSN:

1934-7685

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