Slovakia’s economy suffered from a slow start in the first years after its separation from the Czech Republic in 1993, due to the country’s authoritarian leadership and high levels of corruption, but economic reforms implemented after 1998 have placed Slovakia on a path of strong growth. With a population of 5.4 million, the Slovak Republic has a small, open economy driven mainly by automobile and electronics exports, which account for more than 80% of GDP. Slovakia joined the EU in 2004 and the euro zone in 2009. The country’s banking sector is sound and...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Private Consumption | 2023 Q4 | 18,113 | 18,265 | Mil. EUR, NSA | Quarterly |
Real Private Consumption | 2023 Q4 | 13,357 | 13,272 | Mil. Ch. 2015 EUR, NSA | Quarterly |
Government Consumption | 2023 Q4 | 7,639 | 6,010 | Mil. EUR, NSA | Quarterly |
Real Government Consumption | 2023 Q4 | 4,945 | 3,892 | Mil. Ch. 2015 EUR, NSA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2023 Q4 | 8,710 | 6,584 | Mil. EUR, NSA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2023 Q4 | 6,916 | 5,261 | Mil. Ch. 2015 EUR, NSA | Quarterly |
Real Gross Domestic Product | 2023 Q3 | 23,394 | 23,336 | Mil. Ch. 2015 EUR, SA | Quarterly |
Real Investment | 2023 Q3 | 4,661 | 4,170 | Mil. Ch. 2015 EUR, SA | Quarterly |
Nominal Gross Domestic Product | 2023 Q3 | 30,887 | 30,093 | Mil. EUR, SA | Quarterly |
Investment | 2023 Q3 | 5,673 | 5,449 | Mil. EUR, SA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | Feb 2024 | 231.6 | 230.4 | December 2000=100, NSA | Monthly |
Producer Price Index (PPI) | Jan 2024 | 132.71 | 141.1 | Index Dec2021=100, SA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Labor Force Employment | 2023 Q4 | 2,640 | 2,610 | Ths. #, NSA | Quarterly |
Unemployment Rate | 2023 Q4 | 5.6 | 5.9 | %, NSA | Quarterly |
Total Employment | 2023 Q4 | 2,640 | 2,610 | Ths. #, NSA | Quarterly |
Labor Force | 2023 Q4 | 2,797 | 2,773 | Ths. #, NSA | Quarterly |
Unemployment | 2023 Q4 | 157.1 | 162.8 | Ths. #, NSA | Quarterly |
Primary Industries Employment | 2023 Q4 | 68,630 | 70,718 | #, NSA | Quarterly |
Wage & Salaries | Dec 2023 | 105.9 | 104.2 | Index CPPY=100, NSA | Monthly |
Agriculture Employment | 2017 | 80,024 | 79,750 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Imports of Goods | Jan 2024 | 8,139,555 | 7,638,919 | Ths. EUR, NSA | Monthly |
Exports of Goods | Jan 2024 | 8,550,473 | 7,429,243 | Ths. EUR, NSA | Monthly |
Real Net Exports | 2023 Q4 | 596 | 1,508 | Mil. Ch. 2015 EUR, NSA | Quarterly |
Net Exports | 2023 Q4 | -374.8 | 645.7 | Mil. EUR, NSA | Quarterly |
Current Account Balance | Dec 2023 | -1,927 | -1,137 | Mil. EUR YTD, NSA | Monthly |
Balance of Goods | Dec 2023 | 1,633 | 2,104 | Mil. EUR YTD, NSA | Monthly |
Exports of Goods and Services | 2023 Q3 | 28,354 | 28,420 | Mil. EUR, SA | Quarterly |
Real Exports of Goods and Services | 2023 Q3 | 23,055 | 22,244 | Mil. Ch. 2015 EUR, SA | Quarterly |
Real Imports of Goods and Services | 2023 Q3 | 21,426 | 20,277 | Mil. Ch. 2015 EUR, SA | Quarterly |
Imports of Goods and Services | 2023 Q3 | 27,851 | 28,069 | Mil. EUR, SA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Government Revenues | Feb 2024 | 2,974 | 1,692 | Mil. EUR, NSA | Monthly |
Government Budget Balance | Feb 2024 | -1,224 | -93.1 | Mil. EUR, NSA | Monthly |
Government Expenditures | Feb 2024 | 4,199 | 1,785 | Mil. EUR, NSA | Monthly |
Gross External Debt | 2023 Q3 | 0 | 0 | USD, NSA | Quarterly |
Outstanding Public Debt - Foreign | 2023 Q2 | 35,261,828 | 32,898,804 | Ths. EUR, NSA | Quarterly |
Outstanding Public Debt | 2023 Q2 | 68,968,710 | 65,317,675 | Ths. EUR, NSA | Quarterly |
Outstanding Public Debt - Domestic | 2023 Q2 | 33,706,882 | 32,418,871 | Ths. EUR, NSA | Quarterly |
Markets | Reference | Last | Previous | Units | Frequency |
Stock Market Index | 15 Mar 2024 | 309.81 | 309.81 | Index, NSA | Business Daily |
Lending Rate | Jan 2024 | 4.68 | 4.47 | %, NSA | Monthly |
Money Market Rate | Dec 2021 | -0.49 | -0.49 | %, NSA | Monthly |
Average Long-term Government Bond | May 2017 | 1.03 | 1.06 | % | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
House Price Value | 2023 Q4 | 2,432 | 2,438 | EUR per m², NSA | Quarterly |
Residential Housing Starts | 2022 | 20,608 | 24,497 | # | Annual |
Housing Starts | 2022 | 20,608 | 24,497 | # | Annual |
Building Completions | 2022 | 20,220 | 20,649 | # | Annual |
Consumer | Reference | Last | Previous | Units | Frequency |
Consumer Confidence | Jan 2024 | -11.9 | -14.9 | Bal. of Opinion, SA | Monthly |
Retail Sales | Dec 2023 | 96 | 98.5 | Vol. Index corr. per. prv. yr.=100, NSA | Monthly |
Business | Reference | Last | Previous | Units | Frequency |
Business Confidence | Jan 2024 | -8.3 | -4.7 | Bal. of Opinion, SA | Monthly |
Capacity Utilization | 2023 Q4 | 81 | 83 | %, SA | Quarterly |
Change in Inventories | 2023 Q4 | -2,320 | 424.7 | Mil. EUR, NSA | Quarterly |
Industrial Production | Dec 2023 | 101 | 116.8 | Index 2015=100, NSA | Monthly |
Real Change in Inventories | 2023 Q3 | -355.15 | -616.18 | Mil. Ch. 2015 EUR, SA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Deaths | Nov 2023 | 4,580 | 4,543 | #, NSA | Monthly |
Population | 2022 | 5,428,792 | 5,434,712 | # | Annual |
Births | 2022 | 52,668 | 56,565 | # | Annual |
Net Migration | 2017 | 4,999 | # | Annual | |
Birth Rate | 2016 | 10.6 | # per Ths. pop. | Annual | |
Death Rate | 1984 | 10.1 | 10.3 | # per Ths. pop. | Annual |