The economy of Slovenia is a developed economy, and the country enjoys a high level of prosperity and stability as well as above-average GDP per capita by purchasing power parity at 83% of the EU28 average in 2015. The nominal GDP in 2022 is 62.191 billion USD, nominal GDP per capita (GDP/pc) in 2022 is USD 29,469. The highest GDP/pc is in central Slovenia, where the capital city Ljubljana is located. It is part of the Western Slovenia statistical region, which has a higher GDP/pc than eastern Slovenia. In January 2007, Slovenia became the first member to have both joined the European Union and adopted the euro since the currency's creation in 1999. It has also been a member of the Organisation for Economic Co-operation and Development since 2010. Slovenia has a highly educated workforce, well-developed infrastructure, and is situated at a major transport crossroads. The level of foreign direct investment is one of the lowest but has been steadily rising in the last few years. The Slovenian economy has been affected by the European economic crisis, which occurred in the late 2000s. After 2013, GDP per capita began rising again. Almost two-thirds of the working population is employed in services. History Although it comprised only about one-eleventh of Yugoslavia's total population, it was the most productive of the Yugoslav republics, accounting for one-fifth of its GDP and one-third of its exports. Slovenia thus gained independence in 1991 with an already relatively prosperous economy and strong market ties to the West. Since that time it has vigorously pursued diversification of its trade with the West and integration into Western and transatlantic institutions. Slovenia is a founding member of the World Trade Organization, joined CEFTA in 1996, and joined the European Union on 1 May 2004. In June 2004 it joined the European Exchange Rate Mechanism. The euro was introduced at the beginning of 2007 and circulated alongside the tolar until 14 January 2007. Slovenia also participates in SECI (Southeast European Cooperation Initiative), as well as in the Central European Initiative, the Royaumont Process, and the Black Sea Economic Council. In the late 2000s economic crisis, the Slovenian economy suffered a severe setback. In 2009 the Slovenian GDP per capita shrank by −7.9%. After a slow recovery from the 2009 recession, thanks to exports, the economy of Slovenia again slid into recession in the last quarter of 2011. This has been