Rakovec (pronounced [ˈɾaːkɔʋəts]) is a settlement in the Municipality of Šmarje pri Jelšah in eastern Slovenia.

It lies in the hills southeast of Grobelno in the northern part of the Kozje region (Slovene: Kozjansko).

The entire municipality is part of the historical Styria region and is included in the Savinja Statistical Region.

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