Comparison of Development of Selected Macroeconomic Indicators in Slovakia and Slovenia

Abstract

Every country and its economy has undergone some historical development and is going through it even nowadays, constantly evolving. Today, however, individual changes occur more frequently, are dynamic and have a larger dimension. Technology has accelerated processes and information exchange. The economies of states can no longer function in isolation, because we are at a time where the division of labour is not only of European but also of global character. This work focuses on the development of selected macroeconomic indicators, mainly employment and unemployment of two Slavic states of Slovakia and Slovenia. The size of the area and the number of inhabitant’s ranks among the small states of Europe, they have similar geographical and demographic conditions. However, the development of the economy seems different, which is the subject of this paper. To compare the development of macroeconomic variables of the above-mentioned states, the data were drawn from the published data of the Statistical Office of the Slovak Republic, the Statistical Office of the Republic of Slovenia and Eurostat. To evaluate the year-on-year changes in selected indicators, the relative indices were used.