Comparison and Analysis of Economic Development in Estonia and Slovenia
It was very interesting and usefull information with what we were working. From last tables we can conclude that borrowing the money don’t make more positive contribution to countries economy. As we compare with Estonia, who maintains economic growth without big government debt, we can see that both countries is in the similar economic positions.
Of course, there is room for growth in trade relations between the two countries. It is necessary to find opportunities to advance the goods trade.
In 2015 Slovenia ranked as Estonia's 43th trade partner with a total trade turnover of 31 million euros, which accounted dor 0,1% of total turnover. Of this, export totalled 7,5 million euros and import 23 million euros. The trade balance was negative (15,6 million euros). The most important sectors of Estonia's economy in 2015 were wholesale and retail trade, transport, accommodation and food services (22.3 %), industry (20.4 %) and public administration, defence, education, human health and social work activities (15.5 %). Estonia's main export partners are Sweden, Finland and Latvia, while its main import partners are Finland, Germany and Lithuania The most important sectors of Slovenia's economy in 2015 were industry (28.1 %), wholesale and retail trade, transport, accommodation and food services (20.3 %) and public administration, defence, education, human health and social work activities (16.5 %). Main export and import partners of Slovania are Germany, Italy and Austria.
Estonia and Slovenia share a lot. Both escaped in 1991 from large communist entities in which they were the richest bit: from Soviet occupation in Estonia's case, and from federal Yugoslavia in Slovenia's. That left both of them with marked superiority complexes: Estonians (all 1.3m of them) love explaining how much more western, wired and competitive they are than their ex-Soviet counterparts. For their part, Slovenians (2m) relentlessly underline their Alpine and central European heritage. (Never, ever call them Balkan.)
To be fair, each has a lot to be proud of. Brushing off outsiders' scoffing, they have created stable, prosperous countries with strong institutions. Slovenia is much the richest post-communist country, while Estonia's economy showed 9.9% year-on-year growth in the latest quarter—Europe's fastest rate. Both are in the EU and NATO. By 2007, both want to adopt the euro.
Estonians, twitchy about Russia, have long envied Slovenia's wealth and security. But now the tables are turning. Slovenia wants Estonian-style growth. The current rate, a projected 3.9% this year, will not match west European levels fast enough. Worse, other post-communist countries are catching
Comparison and Analysis of
Economic Development in Estonia and Slovenia
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