Paper Details  
 
   

Has Bibliography
8 Pages
1932 Words

 
   
   
    Filter Topics  
 
     
   
 

None Provided9

republics. However, the wars that took place in the region during the early and mid-1990s seriously affected Slovenia's economy. The gross domestic product (GDP) per capita was $6,052 in 1992, a sharp decline from the pre-independence figure of $8,658 in 1990. Trade with other countries and tourism were also limited by the war, and the large population of war refugees was a further drain on the economy. In recent years, economic leaders have made efforts to turn the economy around, implementing market and bank reforms and promoting privatization. The presence of a non-Communist government since 1990, along with the republic's sound infrastructure and skilled workforce, helped reverse the downward trend. The GDP began to grow in 1993, and by 1995 was increasing at 5 percent a year. Inflation slowed, and unemployment decreased to a rate lower than many countries of Western Europe. In 1998 the GDP had increased to $19.5 billion, or $9,850 per person.Industry constituted 39 percent of GDP in Slovenia in 1998. The republic's chief industries produce electrical equipment, processed food, textiles, paper and paper products, chemicals, and wood products. Agriculture accounts for 4 percent of GDP, with dairy farming and livestock dominating this sector. Major crops include cereals such as corn and wheat, potatoes, sugar beets, and fruits (particularly grapes). Germany is by far Slovenia's most important trading partner in both exports and imports. The other leading countries buying Slovenian goods are Croatia, Italy, France, and Austria. Exports include electrical machinery, road vehicles, chemicals and chemical products, footwear, and furniture. Tourism is also a major source of revenue, with popular resorts at Lake Bled and in the mountains. Revenues from tourism rebounded in 1994 to increase by 8 percent over prewar levels. The largest number of visitors are from Italy, Germany, and Austria.Slovenia has an excellent transportation network. I...

< Prev Page 2 of 8 Next >

    More on None Provided9...

    Loading...
 
Copyright © 1999 - 2025 CollegeTermPapers.com. All Rights Reserved. DMCA