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Slovenia - The Star Pupil

The most exciting event in Slovenia was when a group of young army recruits spat on the national flag and sang the anthem of the now defunct former Yugoslavia. They were sent to a military psychiatrist for observation. Indeed, economically speaking, a preference for any other part of the late Federation over Slovenia would indicate mental deformity.

Slovenia is by far the most prosperous and pacific of the lot. Income per capita increased by 7% between 1995-2000 and reached 75% of the EU’s average. Yugoslavia and Macedonia would require half a century to reach this level at current growth rates. Slovenia’s public debt is negligible (c. 26% of GDP), its unemployment rate is almost American (less than 7%), its budget deficit a mere 1.4% of GDP. Slovenia’s gross national savings is almost a quarter of its GDP - as is its gross domestic investment (28%).

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