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Economy of Slovenia vs Turkey compared: GDP & Debt

Updated on by Georank team

Slovenia has a GDP of $73B compared to $1.36T for Turkey, ranking 86/197 and 17/197 by economy size, respectively.

Slovenia has $48.6B in government debt (66.6% of GDP), compared to $327B (24% of GDP) in Turkey.

Slovenia vs Turkey GDP by year

Slovenia
Turkey
1x
Year GDP, current $
Slovenia Turkey
2024 $72,972,015,197 $1,359,123,768,774
2023 $69,255,264,238 $1,141,242,864,657
2022 $59,899,117,741 $926,097,476,914
2021 $61,540,813,362 $839,938,668,172
2020 $53,384,760,135 $733,628,247,119
2019 $53,909,922,736 $775,853,144,223
2018 $53,689,067,640 $788,356,985,774
2017 $48,153,200,135 $863,874,522,365
2016 $44,290,685,824 $870,818,016,910
2015 $42,709,468,275 $865,460,050,684
2014 $49,514,466,380 $942,343,431,929
2013 $47,867,056,859 $962,167,643,589
2012 $46,167,053,954 $885,327,622,479
2011 $51,199,194,599 $844,192,507,381
2010 $47,793,117,241 $782,545,664,268
2009 $49,975,540,955 $653,894,449,921
2008 $55,509,332,322 $775,415,944,333
2007 $47,880,266,543 $685,228,481,017
2006 $39,260,368,837 $559,668,118,237
2005 $35,947,936,824 $508,314,210,213
2004 $34,156,553,313 $410,156,784,496
2003 $29,360,575,032 $315,392,899,922
2002 $23,214,593,516 $240,778,008,474
2001 $20,668,868,707 $202,195,080,239
2000 $20,159,190,702 $274,748,463,179
1999 $22,609,669,084 $256,673,939,248
1998 $22,058,635,314 $276,035,372,655
1997 $20,726,878,752 $263,817,553,748
1996 $21,470,699,363 $250,366,965,174
1995 $21,367,422,159 $234,699,627,004
1994 $16,400,767,070 $130,650,447,499
1993 $14,449,298,372 $180,415,757,852
1992 $14,277,261,541 $159,104,772,992
1991 $14,454,495,059 $151,034,731,544
1990 $19,832,029,087 $150,655,500,192
1989 - $107,127,191,329
1988 - $90,875,175,809
1987 - $87,190,081,680
1986 - $75,673,037,037
1985 - $67,232,758,621
1984 - $59,937,602,180
1983 - $61,803,555,556
1982 - $64,369,325,153
1981 - $71,180,180,180
1980 - $68,823,684,211
1979 - $89,616,129,032
1978 - $65,912,500,000
1977 - $58,683,333,333
1976 - $51,450,000,000
1975 - $46,042,857,143
1974 - $35,414,285,714
1973 - $26,000,000,000
1972 - $20,650,000,000
1971 - $16,166,666,667
1970 - $17,863,636,364
1969 - $19,466,666,667
1968 - $17,500,000,000
1967 - $15,644,444,444
1966 - $14,100,000,000
1965 - $11,966,666,667
1964 - $11,177,777,778
1963 - $10,355,555,556
1962 - $8,922,222,222
1961 - $7,988,888,889
1960 - $7,566,666,667

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

GeoRank.org/economy/slovenia/turkey | CC BY

GDP per capita in Slovenia vs Turkey by year

Slovenia
GDP per capita

GDP per capita, PPP
Turkey
GDP per capita

GDP per capita, PPP
1x
Year Current $
Slovenia Turkey
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $34,301 $57,186 $15,893 $45,639
2023 $32,660 $56,064 $13,375 $42,786
2022 $28,360 $52,347 $10,898 $39,564
2021 $29,193 $45,914 $9,982 $32,106
2020 $25,392 $41,767 $8,798 $29,209
2019 $25,814 $42,373 $9,395 $29,016
2018 $25,888 $38,620 $9,684 $28,640
2017 $23,303 $36,180 $10,756 $28,354
2016 $21,448 $33,575 $10,984 $26,731
2015 $20,697 $31,336 $11,065 $25,890
2014 $24,013 $30,572 $12,209 $24,193
2013 $23,237 $29,634 $12,636 $22,475
2012 $22,442 $28,787 $11,777 $20,739
2011 $24,941 $28,716 $11,374 $19,717
2010 $23,330 $27,579 $10,699 $17,466
2009 $24,502 $27,229 $9,077 $15,560
2008 $27,462 $29,461 $10,913 $16,142
2007 $23,725 $27,468 $9,767 $14,951
2006 $19,563 $25,571 $7,990 $13,555
2005 $17,970 $23,682 $7,332 $11,803
2004 $17,104 $22,588 $5,980 $10,759
2003 $14,712 $20,916 $4,650 $9,474
2002 $11,639 $20,004 $3,591 $9,154
2001 $10,376 $18,763 $3,052 $9,014
2000 $10,136 $17,892 $4,199 $9,326
1999 $11,401 $17,007 $3,974 $8,470
1998 $11,132 $15,994 $4,331 $8,763
1997 $10,437 $15,257 $4,197 $11,514
1996 $10,797 $14,284 $4,041 $10,624
1995 $10,738 $13,637 $3,846 $9,962
1994 $8,244 $13,975 $2,176 $9,253
1993 $7,255 $12,976 $3,058 $9,751
1992 $7,151 $12,296 $2,744 $8,969
1991 $7,229 $12,698 $2,649 $8,418
1990 $9,925 $13,491 $2,690 $8,208
1989 - - $1,949 -
1988 - - $1,686 -
1987 - - $1,650 -
1986 - - $1,461 -
1985 - - $1,326 -
1984 - - $1,209 -
1983 - - $1,276 -
1982 - - $1,360 -
1981 - - $1,537 -
1980 - - $1,516 -
1979 - - $2,013 -
1978 - - $1,510 -
1977 - - $1,372 -
1976 - - $1,228 -
1975 - - $1,122 -
1974 - - $881 -
1973 - - $661 -
1972 - - $537 -
1971 - - $431 -
1970 - - $488 -
1969 - - $544 -
1968 - - $501 -
1967 - - $459 -
1966 - - $425 -
1965 - - $370 -
1964 - - $354 -
1963 - - $337 -
1962 - - $298.2 -
1961 - - $274.4 -
1960 - - $267.1 -

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

GeoRank.org/economy/slovenia/turkey | CC BY

Slovenia's GDP per capita is $34,301, ranking 34/197, compared to $15,893 in Turkey, ranking 66/197. Adjusted for purchasing power (GDP per capita PPP), Slovenia ranks 37th at $57,186, while Turkey ranks 51st at $45,639.

Economic indicators

Slovenia Turkey
Gross domestic product
$73B
2024
$1.36T
2024
GDP rank
86/197
2024
17/197
2024
GDP growth
1.73%
2023-2024
3.33%
2023-2024
GDP per capita
$34,301
2024
$15,893
2024
GDP per capita rank
34/197
2024
66/197
2024
GDP per capita, PPP
$57,186
2024
$45,639
2024
GDP per capita PPP rank
37/197
2024
51/197
2024
Government debt
$48.6B
2024
$327B
2024
Debt-to-GDP ratio
66.6%
2024
24%
2024
Government debt per person
$22,842
2024
$3,820
2024
Government debt per person rank
29/185
2024
92/185
2024
Average annual personal income after taxes
$22,215
2026
$10,928
2026
Market capitalization of domestic companies
$11.4B
2024
$379B
2024
Number of millionaires n/a
60,787
2025
Number of billionaires n/a
32
2025
Income share by richest 10%
20.6%
2023
35.2%
2022
Income share by poorest 10%
4.1%
2023
2.1%
2022
Government expenditure, % of GDP
46.5%
2024
32.6%
2024
Consumer prices inflation
1.97%
2023-2024
58.5%
2023-2024
Central bank interest rate n/a
38%
2025
Unemployment rate
3.7%
2024
8.71%
2024
Population
2124138
86002379

Spending and national debt comparison by year

Slovenia
Spending

Debt
Turkey
Spending

Debt
1x
Year % of GDP
Slovenia Turkey
Government spending Government debt Government spending Government debt
2024 46.5% 66.6% 32.6% 24%
2023 46.4% 68.3% 32.5% 28.7%
2022 47.7% 72.8% 26.8% 30.2%
2021 49.9% 74.8% 30.5% 39.4%
2020 51.8% 80.2% 34% 38.7%
2019 43.8% 66% 34.8% 31.8%
2018 44.1% 71% 33.9% 29.5%
2017 44.6% 74.9% 32.4% 27.6%
2016 46.9% 79.4% 33.8% 27.7%
2015 49.5% 83.4% 32.4% 27.1%
2014 50.6% 81.1% 32.5% 28.2%
2013 57.7% 70.8% 33.5% 30.8%
2012 50% 54.1% 34% 32.1%
2011 51.4% 46.8% 32.6% 35.7%
2010 50.7% 38.6% 35.2% 39.2%
2009 50% 34.9% 37% 42.9%
2008 45.2% 21.9% 33.5% 37.5%
2007 43.5% 22.9% 32.7% 37.5%
2006 45.7% 26.2% 33.4% 44%
2005 46.7% 26.6% 32% 50%
2004 46.9% 27.1% 34.5% 57%
2003 47.6% 27% 38.3% 65%
2002 47.8% 27.7% 40.9% 71.3%
2001 49.2% 26.3% 43.9% 75.3%
2000 47.8% 26.1% 39.4% 51.2%
1999 47.2% 23.8% 32.7% 52.1%
1998 46.4% 22.8% 27.9% 36.5%
1997 45.4% 22.1% 26.4% 32.5%
1996 45.2% 21.6% 24.5% 35.5%
1995 53% 18.2% 19.4% 34.6%
1994 - - 20.5% 39.2%
1993 - - 22% 29.1%
1992 - - 18.6% 29.2%
1991 - - 18.2% 28.4%
1990 - - 14.1% 25.8%
1989 - - 13.8% 33.5%
1988 - - 12.9% 38.6%
1987 - - 13.3% 40.3%
1986 - - 12.1% 38.2%
1985 - - 18% 44.3%
1984 - - 14.1% 42.6%
1983 - - 14.9% 32.7%
1982 - - 19.2% 33.4%
1981 - - 24% 32%
1980 - - 25.5% 22.4%
1979 - - 28.3% 23.6%
1978 - - 27.6% 25.8%
1977 - - 27.8% 24%
1976 - - 23.3% 20.4%
1975 - - 22% 20.2%
1974 - - 19% 19%
1973 - - 21.8% 23.1%
1972 - - 21.9% 30.1%
1971 - - 24.8% 34.4%
1970 - - 22.7% 39.8%
1969 - - 20.5% 33.2%
1968 - - 19% 33.2%
1967 - - 20.1% 33.3%
1966 - - 18.9% 33.4%
1965 - - 19% 33.4%
1964 - - 18.9% 25.7%
1963 - - 17.5% 27.6%
1962 - - 15.7% 28.8%
1961 - - 22.9% 28.9%
1960 - - 15.6% 19.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/slovenia/turkey | CC BY

In 2024, Slovenia's government spending was $33.9B, accounting for 46.5% of its GDP, while Turkey spent $444B, or 32.6% of GDP.

Debt-to-GDP ratio is 66.6% in Slovenia and 24% in Turkey, ranking 66/185 and 170/185, respectively.

Government deficit by year

Deficit/surplus
Slovenia

Turkey
1x
Year Deficit/surplus, % of GDP
Slovenia Turkey
2024 -0.93% -4.57%
2023 -2.59% -5.22%
2022 -3.02% -1.1%
2021 -4.61% -2.98%
2020 -7.68% -4.64%
2019 0.68% -4.69%
2018 0.9% -3.1%
2017 0.05% -1.87%
2016 -2% -1.68%
2015 -2.84% -0.51%
2014 -4.53% -0.96%
2013 -11.2% -1.21%
2012 -4.2% -1.78%
2011 -6.69% -0.35%
2010 -5.56% -2.99%
2009 -5.87% -5.14%
2008 -1.44% -2.13%
2007 -0.08% -1.37%
2006 -1.26% -0.22%
2005 -1.38% -0.75%
2004 -1.98% -4.11%
2003 -2.66% -7.55%
2002 -2.47% -11.3%
2001 -4.58% -11.6%
2000 -3.77% -8.36%
1999 -3.04% -13.8%
1998 -2.39% -9.84%
1997 -2.37% -10.1%
1996 -1.16% -10.7%
1995 -8.19% -5.95%
1994 - -6.04%
1993 - -8.84%
1992 - -6.73%
1991 - -6.86%
1990 - -3.65%
1989 - -3.87%
1988 - -3.2%
1987 - -3.47%
1986 - -2.43%
1985 - -5.84%
1984 - -3.77%
1983 - -1.45%
1982 - -1.61%
1981 - -1.5%
1980 - -3.67%
1979 - -3.06%
1978 - -1.83%
1977 - -5.1%
1976 - -0.6%
1975 - -0.19%
1974 - -1.02%
1973 - -0.98%
1972 - -0.13%
1971 - -3.05%
1970 - 0.14%
1969 - -1.45%
1968 - -0.62%
1967 - 0.1%
1966 - -0.66%
1965 - -1.18%
1964 - -0.84%
1963 - 0%
1962 - -0.16%
1961 - -1%
1960 - -0.83%
1959 - -0.78%
1958 - -0.45%
1957 - -0.66%
1956 - -0.84%
1955 - -0.85%
1954 - -1.12%
1953 - -0.12%
1952 - -0.1%
1951 - 0.48%
1950 - -0.53%
1949 - 0.81%
1948 - 0.84%
1947 - -
1946 - -
1945 - 1.01%
1944 - -
1943 - 0.22%
1942 - -
1941 - -
1940 - -
1939 - -
1938 - 1.18%
1937 - -
1936 - 1.43%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1936–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/slovenia/turkey | 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 Turkey's deficit of $62.1B, or 4.57% of GDP.

Over the past 30 years, Slovenia recorded a fiscal deficit in 27 of those years, while Turkey ran a deficit in 30 years. On average, Slovenia posted an annual deficit equal to 3.23% of GDP, compared to deficit of 4.69% of GDP for Turkey.

Inflation comparison by year

Inflation
Slovenia

Turkey
1x
Year Consumer prices inflation
Slovenia Turkey
2024 1.97% 58.5%
2023 7.45% 53.9%
2022 8.83% 72.3%
2021 1.92% 19.6%
2020 -0.05% 12.3%
2019 1.63% 15.2%
2018 1.74% 16.3%
2017 1.43% 11.1%
2016 -0.05% 7.78%
2015 -0.53% 7.67%
2014 0.2% 8.85%
2013 1.77% 7.49%
2012 2.6% 8.89%
2011 1.8% 6.47%
2010 1.8% 8.57%
2009 0.84% 6.25%
2008 5.65% 10.4%
2007 3.66% 8.76%
2006 2.46% 9.6%
2005 2.45% 8.18%
2004 3.59% 8.6%
2003 5.54% 21.6%
2002 7.48% 45%
2001 8.38% 54.4%
2000 8.91% 54.9%
1999 6.16% 64.9%
1998 7.89% 84.6%
1997 8.36% 85.7%

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

GeoRank.org/economy/slovenia/turkey | CC BY

Over the past 28 years, Slovenia has recorded an average annual inflation rate of 3.71%, compared with 27.8% in Turkey. In 2024, inflation was 1.97% in Slovenia and 58.5% in Turkey.

Top exports between countries

Slovenia
Export category Export value
Machinery & equipment $206M
Chemicals & pharma $107M
Metals $52.4M
Raw materials & minerals $42.5M
Wood & paper products $39.8M
Textiles & consumer goods $38.7M
Transport & tourism services $25.2M
Manufacturing & construction services $4M
Business & finance services $2.7M
IT & IP services $2.55M
Turkey
Export category Export value
Machinery & equipment $1.97B
Raw materials & minerals $253M
Metals $135M
Textiles & consumer goods $106M
Chemicals & pharma $82.6M
Animal & marine products $9.87M
Raw agricultural goods $8M
Wood & paper products $6.14M
Processed food, beverages & tobacco $5.78M
Precious metals & jewellery $2.34M

Balance of trade

Slovenia Turkey
Current account balance
$3.32B
2024
-$10.2B
2024
Current account balance ranking
37/190
2024
176/190
2024
Current account balance, % of GDP
+4.55%
2024
-0.75%
2024
Goods imports
$45.2B
2024
$314B
2024
Goods exports
$45.6B
2024
$257B
2024
Service imports
$9.52B
2024
$53.3B
2024
Service exports
$13.6B
2024
$115B
2024
Imports of goods and services, % of GDP
74.7%
2024
27%
2024
Exports of goods and services, % of GDP
80.9%
2024
27.6%
2024

Economic freedom indices

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

Slovenia Turkey
Economic freedom 69.7 55
Economic freedom ranking 40/197 129/197
Property rights 87.6 36.4
Government integrity 66.1 35.3
Judicial effectiveness 91.6 23.5
Tax burden 55.5 72
Government spending 34.1 71.8
Fiscal health 83.5 77.8
Business freedom 78.7 61.6
Labor freedom 62.7 44.3
Monetary freedom 77.5 36.5
Trade freedom 79.4 71
Investment freedom 70 70
Financial freedom 50 60

Economic freedom comparison by year

Slovenia
Turkey
1x
Year Economic freedom index
Slovenia Turkey
2026 69.7 55
2025 68.3 56.1
2024 65.9 56.2
2023 68.5 56.9
2022 70.5 56.9
2021 68.3 64
2020 67.8 64.4
2019 65.5 64.6
2018 64.8 65.4
2017 59.2 65.2
2016 60.6 62.1
2015 60.3 63.2
2014 62.7 64.9
2013 61.7 62.9
2012 62.9 62.5
2011 64.6 64.2
2010 64.7 63.8
2009 62.9 61.6
2008 60.2 59.9
2007 59.6 57.4
2006 61.9 57
2005 59.6 50.6
2004 59.2 52.8
2003 57.7 51.9
2002 57.8 54.2
2001 61.8 60.6
2000 58.3 63.4
1999 61.3 59.2
1998 60.7 60.9
1997 55.6 60.8
1996 50.4 56.7
1995 - 58.4

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

GeoRank.org/economy/slovenia/turkey | CC BY

The Economic Freedom Index for Slovenia is 69.7, ranking 40/197, compared to 55 for Turkey, ranking 129/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Slovenia Turkey
Services, % of GDP
57.9%
2024
57.5%
2024
Industry, % of GDP
29.1%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
1.54%
2024
5.82%
2024
GNI, Atlas method
$67.6B
2024
$1.15T
2024
GNI per capita, PPP
$56,520
2024
$45,110
2024
Total reserves including gold
$2.83B
2024
$155B
2024
Total reserves ranking
118/177
2024
21/177
2024
Net foreign direct investment
-$405M
2024
-$5.13B
2024
Net inflows of foreign direct investment
$1.87B
2024
$11.7B
2024
Net outflows of foreign direct investment
$1.46B
2024
$6.61B
2024
Servicing debt to the IMF, % of GNI n/a
6.67%
2024
Poverty at national poverty lines
12.7%
2022
13.6%
2023
Gross capital formation, % of GDP
21.5%
2024
30.7%
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/turkey | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1936–1999, 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)

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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.