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Economy of Slovenia vs South Korea compared: GDP & Debt

Updated on by Georank team

Slovenia has a GDP of $73B compared to $1.88T for South Korea, ranking 86/197 and 12/197 by economy size, respectively.

Slovenia has $48.6B in government debt (66.6% of GDP), compared to $934B (49.8% of GDP) in South Korea.

Slovenia vs South Korea GDP by year

Slovenia
South Korea
1x
Year GDP, current $
Slovenia South Korea
2024 $72,972,015,197 $1,875,388,209,407
2023 $69,255,264,238 $1,844,800,934,392
2022 $59,899,117,741 $1,799,363,116,867
2021 $61,540,813,362 $1,942,313,560,966
2020 $53,384,760,135 $1,744,070,276,373
2019 $53,909,922,736 $1,751,045,752,055
2018 $53,689,067,640 $1,824,251,454,307
2017 $48,153,200,135 $1,710,196,756,713
2016 $44,290,685,824 $1,579,150,518,945
2015 $42,709,468,275 $1,539,212,301,136
2014 $49,514,466,380 $1,556,252,422,020
2013 $47,867,056,859 $1,434,669,686,502
2012 $46,167,053,954 $1,335,343,586,438
2011 $51,199,194,599 $1,307,103,477,219
2010 $47,793,117,241 $1,192,830,015,738
2009 $49,975,540,955 $983,065,242,417
2008 $55,509,332,322 $1,091,580,692,542
2007 $47,880,266,543 $1,220,911,904,593
2006 $39,260,368,837 $1,095,175,538,508
2005 $35,947,936,824 $971,740,329,984
2004 $34,156,553,313 $823,251,107,639
2003 $29,360,575,032 $728,516,494,684
2002 $23,214,593,516 $650,014,391,470
2001 $20,668,868,707 $567,564,806,235
2000 $20,159,190,702 $597,487,173,479
1999 $22,609,669,084 $515,697,079,289
1998 $22,058,635,314 $397,297,216,492
1997 $20,726,878,752 $589,202,526,424
1996 $21,470,699,363 $631,196,863,758
1995 $21,367,422,159 $586,286,469,401
1994 $16,400,767,070 $479,181,794,217
1993 $14,449,298,372 $405,705,302,846
1992 $14,277,261,541 $366,921,291,825
1991 $14,454,495,059 $340,851,946,804
1990 $19,832,029,087 $292,064,221,389
1989 - $254,236,243,100
1988 - $205,477,530,605
1987 - $152,240,393,646
1986 - $119,965,960,795
1985 - $103,764,281,281
1984 - $99,749,645,089
1983 - $89,621,208,322
1982 - $79,921,300,447
1981 - $74,287,368,087
1980 - $66,547,970,351
1979 - $68,083,884,298
1978 - $52,824,793,388
1977 - $39,064,462,810
1976 - $30,371,074,380
1975 - $22,126,033,058
1974 - $19,860,929,977
1973 - $14,067,523,813
1972 - $10,990,490,570
1971 - $10,005,257,131
1970 - $9,085,001,794
1969 - $7,743,940,189
1968 - $6,167,109,472
1967 - $4,895,076,718
1966 - $3,957,064,541
1965 - $3,141,131,708
1964 - $3,476,789,682
1963 - $4,007,692,308
1962 - $2,826,923,077
1961 - $2,427,244,761
1960 - $3,973,069,307

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/slovenia/south-korea | CC BY

GDP per capita in Slovenia vs South Korea by year

Slovenia
GDP per capita

GDP per capita, PPP
South Korea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Slovenia South Korea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $34,301 $57,186 $36,239 $61,051
2023 $32,660 $56,064 $35,674 $57,430
2022 $28,360 $52,347 $34,822 $55,509
2021 $29,193 $45,914 $37,518 $51,718
2020 $25,392 $41,767 $33,646 $47,881
2019 $25,814 $42,373 $33,827 $46,511
2018 $25,888 $38,620 $35,364 $45,511
2017 $23,303 $36,180 $33,297 $43,156
2016 $21,448 $33,575 $30,832 $41,673
2015 $20,697 $31,336 $30,172 $39,794
2014 $24,013 $30,572 $30,667 $37,032
2013 $23,237 $29,634 $28,449 $35,844
2012 $22,442 $28,787 $26,601 $35,062
2011 $24,941 $28,716 $26,175 $33,944
2010 $23,330 $27,579 $24,071 $33,120
2009 $24,502 $27,229 $19,937 $30,740
2008 $27,462 $29,461 $22,252 $31,211
2007 $23,725 $27,468 $25,078 $30,255
2006 $19,563 $25,571 $22,610 $27,972
2005 $17,970 $23,682 $20,167 $26,179
2004 $17,104 $22,588 $17,122 $24,658
2003 $14,712 $20,916 $15,212 $22,920
2002 $11,639 $20,004 $13,643 $22,173
2001 $10,376 $18,763 $11,981 $20,442
2000 $10,136 $17,892 $12,710 $19,237
1999 $11,401 $17,007 $11,063 $17,421
1998 $11,132 $15,994 $8,583 $15,500
1997 $10,437 $15,257 $12,822 $16,241
1996 $10,797 $14,284 $13,865 $15,164
1995 $10,738 $13,637 $13,002 $13,921
1994 $8,244 $13,975 $10,734 $12,551
1993 $7,255 $12,976 $9,180 $11,349
1992 $7,151 $12,296 $8,387 $10,468
1991 $7,229 $12,698 $7,873 $9,724
1990 $9,925 $13,491 $6,813 $8,567
1989 - - $5,989 -
1988 - - $4,889 -
1987 - - $3,658 -
1986 - - $2,911 -
1985 - - $2,543 -
1984 - - $2,469 -
1983 - - $2,246 -
1982 - - $2,032 -
1981 - - $1,918 -
1980 - - $1,746 -
1979 - - $1,814 -
1978 - - $1,429 -
1977 - - $1,073 -
1976 - - $847 -
1975 - - $627 -
1974 - - $572 -
1973 - - $412 -
1972 - - $328 -
1971 - - $304 -
1970 - - $281.8 -
1969 - - $245.5 -
1968 - - $200 -
1967 - - $162.5 -
1966 - - $134.4 -
1965 - - $109.4 -
1964 - - $124.2 -
1963 - - $147 -
1962 - - $106.6 -
1961 - - $94.2 -
1960 - - $158.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/slovenia/south-korea | CC BY

Slovenia's GDP per capita is $34,301, ranking 34/197, compared to $36,239 in South Korea, ranking 31/197. Adjusted for purchasing power (GDP per capita PPP), Slovenia ranks 37th at $57,186, while South Korea ranks 33rd at $61,051.

Economic indicators

Slovenia South Korea
Gross domestic product
$73B
2024
$1.88T
2024
GDP rank
86/197
2024
12/197
2024
GDP growth
1.73%
2023-2024
2%
2023-2024
GDP per capita
$34,301
2024
$36,239
2024
GDP per capita rank
34/197
2024
31/197
2024
GDP per capita, PPP
$57,186
2024
$61,051
2024
GDP per capita PPP rank
37/197
2024
33/197
2024
Government debt
$48.6B
2024
$934B
2024
Debt-to-GDP ratio
66.6%
2024
49.8%
2024
Government debt per person
$22,842
2024
$18,052
2024
Government debt per person rank
29/185
2024
33/185
2024
Average annual personal income after taxes
$22,215
2026
$27,215
2026
Market capitalization of domestic companies
$11.4B
2024
$1.56T
2024
Number of millionaires n/a
1,301,000
2025
Number of billionaires n/a
30
2025
Income share by richest 10%
20.6%
2023
24.6%
2021
Income share by poorest 10%
4.1%
2023
2.9%
2021
Government expenditure, % of GDP
46.5%
2024
22.5%
2024
Consumer prices inflation
1.97%
2023-2024
2.32%
2023-2024
Central bank interest rate n/a
2.5%
2025
Unemployment rate
3.7%
2024
2.78%
2024
Population
2124138
51649918

Spending and national debt comparison by year

Slovenia
Spending

Debt
South Korea
Spending

Debt
1x
Year % of GDP
Slovenia South Korea
Government spending Government debt Government spending Government debt
2024 46.5% 66.6% 22.5% 49.8%
2023 46.4% 68.3% 23.1% 50.5%
2022 47.7% 72.8% 26.7% 49.8%
2021 49.9% 74.8% 24.1% 48%
2020 51.8% 80.2% 23.7% 45.9%
2019 43.8% 66% 21.3% 39.7%
2018 44.1% 71% 19.3% 37.9%
2017 44.6% 74.9% 18.6% 38%
2016 46.9% 79.4% 18.5% 39.1%
2015 49.5% 83.4% 18.8% 38.8%
2014 50.6% 81.1% 18.8% 37.9%
2013 57.7% 70.8% 19% 36%
2012 50% 54.1% 18.8% 33.5%
2011 51.4% 46.8% 18.3% 31.7%
2010 50.7% 38.6% 17.9% 28.3%
2009 50% 34.9% 19.5% 28.8%
2008 45.2% 21.9% 19.1% 25.9%
2007 43.5% 22.9% 18.8% 26.3%
2006 45.7% 26.2% 18.7% 27%
2005 46.7% 26.6% 18.2% 24.9%
2004 46.9% 27.1% 18.5% 21.6%
2003 47.6% 27% 17.9% 19.1%
2002 47.8% 27.7% 15.9% 16.4%
2001 49.2% 26.3% 16.9% 16.6%
2000 47.8% 26.1% 16% 16.1%
1999 47.2% 23.8% 16.1% 15.8%
1998 46.4% 22.8% 16% 13.8%
1997 45.4% 22.1% 13.9% 9.69%
1996 45.2% 21.6% 14% 7.81%
1995 53% 18.2% 13.5% 8.48%
1994 - - 15.4% 9.63%
1993 - - 15.1% 10.9%
1992 - - 15.5% 11.6%
1991 - - 15.4% 11.9%
1990 - - 15.2% 12.8%
1989 - - 15% 12.4%
1988 - - 13.9% 12.7%
1987 - - 14.3% 15.3%
1986 - - 14.9% 14.5%
1985 - - 15.5% 16.2%
1984 - - 15.6% 16.9%
1983 - - 16% 19.3%
1982 - - 17.8% 20.5%
1981 - - 16.3% 18.8%
1980 - - 16.8% 18.6%
1979 - - 16.3% 15.7%
1978 - - 15.7% 18.4%
1977 - - 17.7% 20.1%
1976 - - 17% 20.4%
1975 - - 18.8% 21.5%
1974 - - 16.1% 18.6%
1973 - - 14.2% 17.9%
1972 - - 18.5% 18.3%
1971 - - 18.5% 14.5%
1970 - - 17.5% 6.95%
1969 - - 19.8% 2.63%
1968 - - 18.5% 2.76%
1967 - - 16.7% 3.74%
1966 - - 16% 4.44%
1965 - - 13.1% 6.14%
1964 - - 12.1% 6.57%
1963 - - 15.4% 9.21%
1962 - - 22.3% 13%
1961 - - 21.2% 13.4%
1960 - - 17.9% 13.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20).

GeoRank.org/economy/slovenia/south-korea | CC BY

In 2024, Slovenia's government spending was $33.9B, accounting for 46.5% of its GDP, while South Korea spent $423B, or 22.5% of GDP.

Debt-to-GDP ratio is 66.6% in Slovenia and 49.8% in South Korea, ranking 66/185 and 110/185, respectively.

Government deficit by year

Deficit/surplus
Slovenia

South Korea
1x
Year Deficit/surplus, % of GDP
Slovenia South Korea
2024 -0.93% -0.78%
2023 -2.59% -0.67%
2022 -3.02% -1.49%
2021 -4.61% -0.02%
2020 -7.68% -2.11%
2019 0.68% 0.35%
2018 0.9% 2.42%
2017 0.05% 2.08%
2016 -2% 1.56%
2015 -2.84% 0.5%
2014 -4.53% 0.57%
2013 -11.2% 0.79%
2012 -4.2% 1.63%
2011 -6.69% 1.72%
2010 -5.56% 1.61%
2009 -5.87% 0.24%
2008 -1.44% 1.58%
2007 -0.08% 2.49%
2006 -1.26% 1.18%
2005 -1.38% 0.95%
2004 -1.98% 0.09%
2003 -2.66% 1.51%
2002 -2.47% 3.23%
2001 -4.58% 2.42%
2000 -3.77% 3.91%
1999 -3.04% 1.15%
1998 -2.39% 1.09%
1997 -2.37% 2.31%
1996 -1.16% 2.3%
1995 -8.19% 2.16%
1994 - 2.06%
1993 - 3.21%
1992 - 2.42%
1991 - 1.94%
1990 - 2.98%
1989 - 2.27%
1988 - 2.85%
1987 - 1.7%
1986 - 0.8%
1985 - 0.47%
1984 - 0.78%
1983 - 1.05%
1982 - -0.41%
1981 - 0.99%
1980 - 0.46%
1979 - 0.47%
1978 - -0.27%
1977 - -1.81%
1976 - -0.87%
1975 - -3.68%
1974 - -2.78%
1973 - -1.72%
1972 - -4.33%
1971 - -1.3%
1970 - -0.52%
1969 - -2.85%
1968 - -2.36%
1967 - -2.87%
1966 - -4.27%
1965 - -3.43%
1964 - -4.1%
1963 - -4.32%
1962 - -7.82%
1961 - -9.48%
1960 - -5.18%
1959 - -6.52%
1958 - -10%
1957 - -10.1%
1956 - -10.8%
1955 - -10.6%
1954 - -10.3%
1953 - -4.14%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1953–1994, retrieved 2026-02-20).

GeoRank.org/economy/slovenia/south-korea | CC BY

In 2024, Slovenia's government deficit, the difference between spending and revenue, was $681M, equivalent to 0.93% of GDP. This compares to South Korea's deficit of $14.7B, or 0.78% of GDP.

Over the past 30 years, Slovenia recorded a fiscal deficit in 27 of those years, while South Korea ran a deficit in 5 years. On average, Slovenia posted an annual deficit equal to 3.23% of GDP, compared to surplus of 1.16% of GDP for South Korea.

Inflation comparison by year

Inflation
Slovenia

South Korea
1x
Year Consumer prices inflation
Slovenia South Korea
2024 1.97% 2.32%
2023 7.45% 3.6%
2022 8.83% 5.09%
2021 1.92% 2.5%
2020 -0.05% 0.54%
2019 1.63% 0.38%
2018 1.74% 1.48%
2017 1.43% 1.94%
2016 -0.05% 0.97%
2015 -0.53% 0.71%
2014 0.2% 1.27%
2013 1.77% 1.3%
2012 2.6% 2.19%
2011 1.8% 4.03%
2010 1.8% 2.94%
2009 0.84% 2.76%
2008 5.65% 4.67%
2007 3.66% 2.53%
2006 2.46% 2.24%
2005 2.45% 2.75%
2004 3.59% 3.59%
2003 5.54% 3.51%
2002 7.48% 2.76%
2001 8.38% 4.07%
2000 8.91% 2.26%
1999 6.16% 0.81%
1998 7.89% 7.51%
1997 8.36% 4.44%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/slovenia/south-korea | CC BY

Over the past 28 years, Slovenia has recorded an average annual inflation rate of 3.71%, compared with 2.68% in South Korea. In 2024, inflation was 1.97% in Slovenia and 2.32% in South Korea.

Top exports between countries

Slovenia
Export category Export value
Machinery & equipment $36.4M
Chemicals & pharma $8.63M
Textiles & consumer goods $5.66M
Business & finance services $5.41M
Metals $4.38M
Transport & tourism services $3.57M
Raw materials & minerals $2.75M
Processed food, beverages & tobacco $2.41M
Manufacturing & construction services $1.09M
Raw agricultural goods $460K
South Korea
Export category Export value
Metals $514M
Machinery & equipment $356M
Chemicals & pharma $107M
Raw materials & minerals $53.4M
Textiles & consumer goods $11.9M
Processed food, beverages & tobacco $6.09M
Wood & paper products $1.68M
Animal & marine products $1.31M
Raw agricultural goods $184K
Precious metals & jewellery $24K

Balance of trade

Slovenia South Korea
Current account balance
$3.32B
2024
$99B
2024
Current account balance ranking
37/190
2024
7/190
2024
Current account balance, % of GDP
+4.55%
2024
+5.28%
2024
Goods imports
$45.2B
2024
$596B
2024
Goods exports
$45.6B
2024
$696B
2024
Service imports
$9.52B
2024
$163B
2024
Service exports
$13.6B
2024
$139B
2024
Imports of goods and services, % of GDP
74.7%
2024
40.3%
2024
Exports of goods and services, % of GDP
80.9%
2024
44.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Slovenia South Korea
Economic freedom 69.7 73.7
Economic freedom ranking 40/197 24/197
Property rights 87.6 89.6
Government integrity 66.1 70.9
Judicial effectiveness 91.6 77.5
Tax burden 55.5 61.5
Government spending 34.1 82.6
Fiscal health 83.5 93.5
Business freedom 78.7 81.5
Labor freedom 62.7 55
Monetary freedom 77.5 79.3
Trade freedom 79.4 73
Investment freedom 70 60
Financial freedom 50 60

Economic freedom comparison by year

Slovenia
South Korea
1x
Year Economic freedom index
Slovenia South Korea
2026 69.7 73.7
2025 68.3 74
2024 65.9 73.1
2023 68.5 73.7
2022 70.5 74.6
2021 68.3 74
2020 67.8 74
2019 65.5 72.3
2018 64.8 73.8
2017 59.2 74.3
2016 60.6 71.7
2015 60.3 71.5
2014 62.7 71.2
2013 61.7 70.3
2012 62.9 69.9
2011 64.6 69.8
2010 64.7 69.9
2009 62.9 68.1
2008 60.2 68.6
2007 59.6 67.8
2006 61.9 67.5
2005 59.6 66.4
2004 59.2 67.8
2003 57.7 68.3
2002 57.8 69.5
2001 61.8 69.1
2000 58.3 69.7
1999 61.3 69.7
1998 60.7 73.3
1997 55.6 69.8
1996 50.4 73
1995 - 72

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/slovenia/south-korea | CC BY

The Economic Freedom Index for Slovenia is 69.7, ranking 40/197, compared to 73.7 for South Korea, ranking 24/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Slovenia South Korea
Services, % of GDP
57.9%
2024
57.5%
2024
Industry, % of GDP
29.1%
2024
33.9%
2024
Agriculture, forestry, and fishing, % of GDP
1.54%
2024
1.46%
2024
GNI, Atlas method
$67.6B
2024
$1.9T
2024
GNI per capita, PPP
$56,520
2024
$61,930
2024
Total reserves including gold
$2.83B
2024
$418B
2024
Total reserves ranking
118/177
2024
8/177
2024
Net foreign direct investment
-$405M
2024
$33.4B
2024
Net inflows of foreign direct investment
$1.87B
2024
$15.2B
2024
Net outflows of foreign direct investment
$1.46B
2024
$48.6B
2024
Poverty at national poverty lines
12.7%
2022
14.4%
2020
Gross capital formation, % of GDP
21.5%
2024
30%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/slovenia/south-korea | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1953–1994, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.