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The health care system in Slovenia is in urgent need of reform. Rising costs and the economic downturn following the global financial crisis have resulted in the emergence of severe financial constraints.
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The incidence of long-term unemployment in Slovenia is among the highest in the OECD. The crisis has hit the youth the hardest, leaving more than one in five young workers without a job.
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OECD work suggests that Slovenia’s model for economic growth has suffered from both corporate governance weaknesses and heavy reliance on state involvement in the economy. Despite some recent privatisation efforts, Slovenia’s degree of state ownership in the economy remains one of the highest in the OECD,
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Better investment in skills would help Slovenia to realise the potential of advanced technology and give a new impetus to the recently stalled growth in productivity.
Mr. Gurría presented the 2015 OECD Economic Survey of Slovenia and met with the Slovenian President, Prime Minister and several government officials.
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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.
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.
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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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.
Migration flows in Slovenia have been recently on the rise.