Download First Release In 2014 non-financial corporations almost doubled the

First Release
30 september 2015
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In 2014 non-financial corporations almost doubled the surplus
Nonfinancial sector accounts, Slovenia, 2014
Surplus in transactions with the rest of the world increased by more than 61% in 2014. Non-financial
corporations almost doubled the surplus. Despite the drop in net lending, households contributed
most to the surplus of the total economy.
Slovenia again recorded a surplus in transactions with the rest of the world
In 2014, Slovenia recorded a surplus in transactions with the rest of the world; it amounted to EUR 2,600
million (7.0% of GDP) and was 61% higher than in the previous year. The size of the surplus was mainly
influenced by the growth in exports of goods and services. Due to the growth in exports, which was 2.8
percentage points higher than the growth in imports, the balance of goods and services increased to EUR
2,936 million or 7.9% of GDP (previous year: EUR 2,016 million or 5.9% of GDP). Gross national income in
2014 was estimated at EUR 37,245 million (99.8% of GDP) and was 4.3% higher than in the previous year.
Non-financial corporations increased their surplus, while the general government decreased its
deficit
In 2014 the surplus (EUR 1,390 million) of non-financial corporations was almost double the surplus in 2013
(EUR 720 million). Financial corporations decreased net lending significantly (from EUR 4,090 million to EUR
1,056 million), which is basically an impact of substantially smaller government capital injection into banks.
The general government decreased net borrowing (deficit) significantly (from EUR 5,400 million to EUR
1,849 million). Households decreased net lending in 2014 by 8%; the reason is the 10% increase in gross
capital formation.
The household saving rate increased again in 2014 and is higher than the EU-28 average
The household saving rate in Slovenia was decreasing since 2008. However, in 2013 and in 2014 it
increased again; the household saving rate in 2014 increased by 0.7 of a percentage points to 14.1%. The
Slovenian households thus saved 14.1% of disposable income. The household saving rate in Slovenia for
2014 is above the currently published EU-28 average as well as the euro area average.
The share of compensation of employees in household income increased slightly, the share of social
transfers and benefits in household income slightly decreased in 2014
The vast majority of household income is compensation of employees. In 2014 it represented 51.2% of total
income; the share in household income was 0.3 of a percentage point higher than in the previous year. After
it was decreasing for sixth consecutive years, the share of operating surplus with mixed income increased
again and represented 14.5% in 2014; the share in household income was 0.3 of a percentage point higher
than in the previous year. The share of social transfers and benefits – where pensions, sick and maternity
benefits, allowances for unemployment, family allowances and social transfers in kind are classified –
represented 30.5% in the household income in 2014; the share in household income was 0.6 of a
percentage point lower than in the previous year. The share of other incomes – where interests, dividends,
rents, non-life insurance claims and miscellaneous current transfers are classified – did not change in 2014
and represented 3.8% of the household income.
The household investment rate increased in 2014, but it is still lower than the EU-28 average
The Slovenian households invested 5.8% of disposable income in 2014; this is 0.2 of a percentage point
more than in 2013, but still 4.8 percentage points less than in 2008 when the investment rate was the
highest. The household investment rate in Slovenia was, except in 2008, in the whole 2000-2014 period
below the EU-28 and euro area average.
We are publishing revised annual non-financial sector accounts for the 2001-2013 period
Because of the routine annual revision of GDP, small revisions in non-financial corporations, financial
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corporations, general government, household and rest of the world accounts, we are publishing revised
annual non-financial sector accounts for the 2001-2013 period.
Chart 1: Household saving rates, Slovenia, EU-28, Euro area, 2000-2014
Sources: SURS, Eurostat (http://ec.europa.eu/eurostat, 23. 9. 2015).
Chart 2: Household investment rates, Slovenia, EU-28, Euro area, 2000-2014
Sources: SURS, Eurostat (http://ec.europa.eu/eurostat, 23. 9. 2015).
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Table 1: Main aggregates of national accounts by institutional sectors, Slovenia
2010
2011
2012
2013
2014
mio EUR
Gross domestic product1)
36,252 36,896 35,988 35,907 37,303
Non-financial corporations
18,018 18,355 18,163 18,294 19,320
Financial corporations
1,627
1,599
1,275
1,180
1,216
General government
5,502
5,665
5,597
5,446
5,425
Households
6,239
6,291
5,984
5,851
6,048
196
196
193
192
195
NPISH
Gross national income1)
Non-financial corporations
Financial corporations
General government
Households
NPISH
Gross disposable income1)
35,915 36,603 35,733 35,706 37,245
4,730
5,176
4,635
5,213
6,070
980
897
901
655
829
5,130
5,366
5,604
5,731
5,634
25,017 25,110 24,541 24,053 24,656
59
54
53
53
55
35,524 36,171 35,224 35,185 36,792
Non-financial corporations
4,188
4,601
4,197
4,767
5,596
Financial corporations
1,086
921
751
628
798
General government
7,075
7,028
7,242
7,024
7,308
Households
22,850 23,309 22,787 22,446 22,767
325
312
247
320
323
7,854
7,966
7,506
8,333
9,799
4,188
4,601
4,197
4,767
5,596
869
861
851
610
751
-278
-509
-54
-87
191
3,088
3,031
2,569
3,028
3,261
-12
-18
-58
15
0
935
732
94
988
2,390
Non-financial corporations
104
450
-291
331
1,188
Financial corporations
638
876
665
4,006
889
-1,230
-1,895
-1,037
-4,822
-1,137
1,442
1,323
828
1,476
1,473
-19
-23
-72
-4
-24
81
97
953
1,612
2,600
Non-financial corporations
-77
57
382
720
1,390
Financial corporations
550
784
631
4,090
1,056
-2,044
-2,457
-1,479
-5,400
-1,849
NPISH
Gross saving1)
Non-financial corporations
Financial corporations
General government
Households
NPISH
Changes in net worth due to saving in capital transfers1)
General government
Households
NPISH
Net lending (+) / Net borrowing (-)1)
General government
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Households
NPISH
1,674
1,738
1,487
2,192
2,018
-22
-25
-68
10
-15
1) Some totals do not add up due to rounding.
Source: SURS
Detailed data
Detailed data and time series are available on the SI-STAT data portal, which enables simple browsing
and exporting of data in various formats. Registered users have the possibility to store tables for later
browsing and to sign up to be informed when data are updated.
Author/s: Jana Vajda
Next release: 30. 9. 2016
Statistical Office of the Republic of Slovenia
Litostrojska cesta 54, 1000 Ljubljana, Slovenia
Information Centre:
phone: +386 1 241 64 04
fax: +386 1 241 53 44
[email protected]
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© Statistični urad Republike Slovenije
Use and publication of data is allowed provided the source is acknowledged.
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