Charts of the week from 20 to 24 April 2026: economic sentiment, Slovenian industrial producer prices and average gross wage per employee
The economic sentiment indicator declined in April due to the war in the Middle East and heightened uncertainty in the international economic environment. The most pessimistic responses were recorded among consumers and, within the business sector, in retail trade. In March, Slovenian industrial producer prices…
Slovenian Economic Mirror 2/2026: Activity in the export-oriented segment of the economy increased at the beginning of the year; it also rose in construction, while consumption growth moderated
Indicators of economic developments in the first months of the year pointed to an improvement in the export-oriented segment of the economy and in construction, while household consumption growth moderated. Exports of goods increased month-on-month…
Charts of the week from 13 to 17 April 2026: activity in construction, number of persons in employment, current account of the balance of payments and other charts
After several months of decline, the value of construction put in place increased again in February and was significantly higher year-on-year. Electricity consumption in the distribution network was also higher year-on-year in March, partly due to one additional working day. The number of persons in…
Charts of the week from 7 to 10 April 2026: manufacturing production
Manufacturing output increased markedly in February (seasonally adjusted) and exceeded the levels recorded a year earlier; in the first two months, it was lower year-on-year, mainly due to lower output in high-technology industries. Output also decreased across all energy-intensive industries.
National productivity board
IMAD analyses productivity and competitiveness as the national productivity board
GDP and prices
GDP growth is projected to strengthen to 2.0% this year (from 1.1%), broadly in line with autumn’s expectations. The export sector will gradually recover, supported by improved prospects for industrial production in Slovenia’s main trading partners. Investment activity will continue to expand, driven primarily by public investment. Growth in private consumption will strengthen this year alongside further increases in real disposable income. Inflation this year (2.6% at year-end) is expected to remain similar to last year, amid above-average growth in services and food prices.
Labour market
Employment is expected to stagnate due to limited labour supply, while unemployment will remain low. Wage growth will be higher this year than last (6.7% in nominal terms; 6.5% in the public sector and 6.7% in the private sector). Growth will be particularly pronounced in the private sector, where last year’s slowdown was largely statistical (extra payments were significantly reduced following the introduction of the winter bonus, which is not included in wage growth).
International trade
Growth in exports of goods and services is projected to strengthen this year. Goods export growth will be supported by the recovery of industrial production in Slovenia’s trading partners, investment in the pharmaceutical industry, the launch of production of a new car model, and a higher number of working days. Growth in services exports will also increase. Amid moderate growth in domestic demand, import growth will outpace export growth. As a result, the current account surplus will narrow, reflecting a widening deficit in trade in goods.
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.