Slovenia's Global Competitiveness Declines, Falls Behind Poland in EU Ranking

Slovenia's global competitiveness has taken a significant hit, according to the latest IMD index. The country now ranks 49th out of 70 nations, a drop of three places from the previous year. This decline is particularly concerning given Slovenia's position in the latter half of developed countries and a cumulative loss of eleven places over the past five years.

Within the European Union, Slovenia fares even worse, securing only the 20th spot among member states. It now trails behind countries like Greece, Hungary, Croatia, Bulgaria, Romania, and Slovakia, and has even been overtaken by Poland. The report indicates a decline in economic performance, government efficiency, and business efficiency. Only infrastructure, which remains a competitive strength, showed minor progress.

The findings highlight a worrying trend for the Slovenian economy, suggesting a need for strategic interventions to reverse the downward trajectory and improve its standing on the global stage.