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Slovenia's Current Account Surplus to Widen

Ljubljana, 29 March (STA) - Slovenia's current account surplus is projected to rise from 2.5% of gross domestic product (GDP) in 2012 to a peak of 4.4% of GDP this year, as imports are expected to decline further and exports continue to expand, the Institute of Macroeconomic Analysis and Development (IMAD) said Friday.

The external balance of goods and services is projected to widen from EUR 1.4bn last year to EUR 1.95bn, or 5.5% of GDP. It is expected to peak at 6% of GDP in 2014, IMAD says in its Spring Forecast.

Both the goods and services surplus is projected to widen, with the balance further strengthened by projections that the drawing of EU funds will improve significantly.

On the other hand, Slovenia will have a deficit in capital revenue as interest on external debt increases and foreign-owned companies continue to pay out dividends to their owners.

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