Slovenian Economic Mirror 6/2026: Economic activity growth moderates in recent months following an acceleration in the first half of the year, but activity remains higher year-on-year; inflation rises mainly due to higher energy prices
Growth in economic activity in Slovenia moderated somewhat during the summer months, both in export-oriented activities and in most sectors linked to domestic production and investment. Goods exports in July and August were, on average, lower than in the second quarter, while manufacturing production resumed growth…
Charts of the week from 12 to 16 October 2026: persons in employment, activity in construction, current account of the balance of payments and other charts
In August, the number of persons in employment remained similar to both July and a year earlier. Year-on-year employment growth was recorded mainly in public service activities and in professional, scientific and technical activities in the…
Charts of the week from 5 to 9 October 2026: unemployment, exports and imports of goods and production volume in manufacturing
The decline in the number of unemployed accelerated somewhat in the second half of the year, mainly due to a larger overall outflow from the unemployment register. At the end of September, 42,439 people were registered as unemployed, 3.4% fewer than a year…
Charts of the week from 28 September to 2 October 2026: consumer prices, turnover in trade, turnover in market services and government bonds
Inflation increased to 3.3% in September. Amid stronger price increases, the contribution of both groups of goods and services that include petroleum products rose, while the contribution of services prices remained significant despite somewhat more pronounced seasonal price declines. Turnover in…
National productivity board
IMAD analyses productivity and competitiveness as the national productivity board
Gross domestic product and prices
Economic growth this year (3.8%) is expected to be considerably higher than last year (1.5%). The acceleration in economic activity, particularly pronounced in the first half of the year, was driven by several factors: a strong recovery in exports, further supported by the launch of new production capacities in the pharmaceutical and automotive industries; the completion of major investment projects; and continued growth in household disposable income and consumption. The broad-based strengthening of economic activity also points to the economy’s resilience and adaptability amid heightened economic and geopolitical uncertainty in the international environment. Inflation is expected to average 3.1% this year, with increases in energy and services prices contributing significantly to overall inflation.
Labour market
Employment is expected to increase slightly this year (by 0.3%) and then stabilise at a high level amid labour supply constraints. The employment of foreign workers will continue to make an important contribution to employment growth. Average gross wage growth is expected to reach 7.9% this year. Wage growth in the public sector will remain high due to the implementation of the wage reform. In the private sector, it will strengthen, driven by stronger economic activity, persistent labour market pressures, higher wage expectations and the increase in the minimum wage.
International trade
Growth in total exports is expected to strengthen considerably this year (5.3%), largely reflecting a recovery in goods exports, supported in part by the launch of new production capacities in the pharmaceutical and automotive industries. Growth in services exports is also expected to strengthen. Against the backdrop of strong investment activity and rising domestic consumption, total imports are expected to grow even faster (by 6.5%). As a result, the current account surplus is expected to narrow, also reflecting a deterioration in the terms of trade due to rising energy prices on global markets.
IMAD
The Institute of Macroeconomic Analysis and Development of the Republic of Slovenia is an independent government office.
The Institute performs the following tasks:
- it monitors and analyses current trends and development in its economic, social and environmental dimensions;
- it monitors and analyses the achieving of the development objectives of the country;
- it prepares macroeconomic forecasts and other expert groundwork that serve as the basis for budgetary planning and formulating economic policy measures;
- it analyses productivity and competitiveness as the national productivity board;
- it carries out research work.