Slovenia has made an impressive turnaround in a short time. And this has laid the foundations for better times to come. But a positive outlook should not lead to complacency: future growth will only come if reforms are completed, and implemented fully.
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To improve Slovenia’s long-term growth prospects and support job creation, comprehensive structural reforms are needed to boost competitiveness, in particular by addressing the country’s productivity gap with other OECD countries. This paper provides a snapshot at the pension, product markets, and labour market reforms that have been implemented or approved and assesses their impact on productivity, employment and GDP.
Continued structural reform is key to stronger growth. Bank balance sheets need further improvements and corporates have too much debt. Fiscal consolidation should focus more on structural measures, especially given the ageing pressures.
Economic reforms have helped Slovenia recover from the crisis, but further action is needed to strengthen the banking and corporate sectors, stabilise debt and create jobs, according to the latest OECD Economic Survey of Slovenia.
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Slovenia has the 10th highest tax wedge among the 34 OECD member countries. The average single worker in Slovenia faced a tax wedge of 42.5% in 2014 compared with the OECD average of 36.0%.
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This country note from Going for Growth 2015 for Slovenia identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Institutional investors (investment funds, insurance companies and pension funds) are major collectors of savings and suppliers of funds to financial markets. Their role as financial intermediaries and their impact on investment strategies have grown significantly over recent years along with deregulation and globalisation of financial markets.
This publication provides a unique set of statistics that reflect the level and
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The tax burden in Slovenia increased by 0.3 percentage points from 36.5% to 36.8% in 2013. The OECD average was an increase of 0.4 percentage points from 33.7% to 34.1%. The Slovenian standard VAT rate is 22%, which is above the OECD average. The average VAT/GST standard rate in the OECD was 19.1% on 1 January 2014.
Migration flows in Slovenia have been recently on the rise.
This publication highlights new evidence on policies to support job creation, bringing together the latest research on labour market, entrepreneurship and local economic development policy to help governments support job creation in the recovery. It also includes a set of country pages featuring, among other things, new data on skills supply and demand at the level of smaller OECD regions (TL3).