Life in Slovenia VS other EU Countries

The text contains the GDP indicators in the average annual measurement as well as the prices for the main groups of goods and services.

As compared to the average EU indicators, Slovenia’s GDP and individual consumption level for 2016 did not increase. On the other hand, the prices for goods and services approached the average values ​​in the European Union. Goods and services significantly increased in the spheres of personal transport, health care and footwear.

The cost of services at the average annual level approached the average in the EU by 2.3%, and the cost of goods – by 1%.

The gross domestic product in Slovenia in 2016, as compared to the EU average, fell by 4%, and the level of individual consumption – by 3%.

Last year, the prices for services in Slovenia approached the EU average, where 11 member-states currently have lower values. 12 EU member-states have lower GDP level than Slovenia does. Another 6 EU countries have a lower level of individual consumption. Among neighbouring countries, Croatia, as compared to the EU average, has a 24% lower GDP level and a 21% lower cost of services than it is in Slovenia. The cost of services, as compared to Slovenia, is as well 28% lower in Hungary, the GDP of which is 16% lower if to take into account the EU average.

The prices for goods and services in the category of utility fees, water and gas supply, electricity, etc. are significantly lower than the EU average. Prices in Slovenia are 30% below the average European level thanks to 4 quite expensive countries. The cost of utilities in the UK, Luxembourg, Denmark and Ireland is 40% higher than the European average.

The cost of construction works in Slovenia makes 60% of the average level around Europe. However, 9 EU countries have cheaper construction services than Slovenia does. The most expensive construction works are in Sweden. The cost of construction in this country is 60% higher than the average European value.

Prices for soft drinks in Slovenia constitute approximately 90% of the EU average. Cheaper than in Slovenia, they can be bought in 5 EU countries.

Prices for clothing in Slovenia are 2% below the average European level, and textiles are cheaper only in a quarter of the rest EU countries. The cost of footwear makes 90% of the average European indicator. Cheaper than in Slovenia, they can be bought in 3 EU countries.

Vegetable oils and fats are the most expensive products in Slovenia. They are almost 20% higher than the EU average. Products from this category are more expensive than in Slovenia in 7 EU countries. Products and services of the software category, as well as bread and bakery products are 5% more expensive in Slovenia. The price for goods in the category of milk, cheese and eggs more than 3% exceeds the average European indicator. Prices for alcoholic beverages, seafood, household appliances also exceed the average EU level.

In 2016, the prices for goods in the group of accessories and equipment for personal transport increased the most. The prices for these products approached the average EU value by 7%. Footwear became almost 6% more expensive. The prices for goods and services in the categories of health care, communications, milk, cheese and eggs, bread and bakery products, as well as alcoholic beverages became closer to the EU average level by more than 3%.

Taking into account the average European index, the cost of construction works in Slovenia decreased substantially. Besides, prices for goods and services in the categories of restaurant and hotel industry, tobacco and seafood also fell.

Source: siol.net