On 25th June, Slovenia celebrates Statehood day. It is a national holiday which marks Slovenia’s official independence as a country in 1991. As the 30th anniversary is nearing, we wanted to present you with a brief summary of what Slovenia accomplished as a country, especially in the economic sense for those who plan to start their business in Slovenia.
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Data d.o.o. has been offering support to foreign citizens with their business in Slovenia. In addition to company registration services, we also provide professional accounting services. Additionally, we also have a specialized legal department that supports business owners with every aspect of business Slovenian legislation. You can also follow us on Facebook.
What did Slovenia accomplish since 1991?
Slovenia is a small country but, in the past 30 years it accomplished more than many other countries. A summary of the achievements is as follows:
- becoming an EU member state in 2004,
- adopting EURO as the currency in 2007,
- becoming part of the Schengen zone in 2007.
It developed tourism, infrastructure and medical and schooling systems which put the country in the top of Europe. Also, importantly, it developed the economy to become the 16th country within EU member states with GDP per capita.
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Summary of Slovenian economy from 1991 to 2020
Slovenia also became a popular tourist destination in Europe. A summary of tourist arrivals includes 6,2 million tourists in 2019. The majority come from Germany (13,4%), followed by Italy (11,2%), Austria (8,9%), Netherlands (5,5%) and Croatia (4,7%). The biggest tourist arrivals from non-EU countries came from the US, followed by China, Israel and South Korea.
Since 1991, Germany was the most important trade partner of Slovenia within Europe. Outside Europe Slovenia exported the majority of its products to the territory of ex-Yugoslavia. After the previous financial crisis, export to Russia increased the most, followed by China.
Slovenia holds the 16th place among EU member states when it comes to GDP per capita. This amounts to 20.490€ per capita – to compare it to Luxembourg with 83.640€ per capita at first place and 6.800€ per capita in Bulgaria at last place.
As the year 2020 was marked by the COVID-19 outbreak, Slovenia is one of the countries where the preventative and quick actions resulted in minimal consequences, both for the health of the public as well as for the economy as business already resumed in May.
Are you wondering what are the most popular business activities in Slovenia? Apply for our free webinar where we will discuss this topic and the conditions for these businesses:
Are you considering starting a business in Slovenia? DATA can offer full support.
Did the summary convince you to start your business in Slovenia? Do not miss the unique opportunity to learn about company registration, costs and business immigration to Slovenia. DATA can offer full support to foreign citizens in the consultation and the company registration. Also, you can contact us for more information. Send us an email to [email protected]. You can also call us on +386 1 6006 270, Viber/Whatsapp +386 40 530 718 or skype data.business7.