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) | Mar 2024 | 231.9 | 231.6 | December 2000=100, NSA | Monthly |
Producer Price Index (PPI) | Mar 2024 | 120.73 | 117.62 | Index Dec2021=100, SA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Wage & Salaries | Feb 2024 | 108.9 | 106.7 | Index CPPY=100, NSA | Monthly |
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 |
Agriculture Employment | 2017 | 80,024 | 79,750 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Imports of Goods | Feb 2024 | 8,145,665 | 7,953,245 | Ths. EUR, NSA | Monthly |
Exports of Goods | Feb 2024 | 8,795,076 | 8,497,892 | Ths. EUR, NSA | Monthly |
Balance of Goods | Jan 2024 | 211.43 | 1,633 | Mil. EUR YTD, NSA | Monthly |
Current Account Balance | Jan 2024 | -134.06 | -1,927 | Mil. EUR YTD, 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 |
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 | Mar 2024 | 4,335 | 2,974 | Mil. EUR, NSA | Monthly |
Government Budget Balance | Mar 2024 | -2,181 | -1,224 | Mil. EUR, NSA | Monthly |
Government Expenditures | Mar 2024 | 6,517 | 4,199 | 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 | 25 Apr 2024 | 319.56 | 314.14 | Index, NSA | Business Daily |
Lending Rate | Feb 2024 | 4.83 | 4.68 | %, 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 |
Housing Starts | 2023 | 18,038 | 20,608 | # | Annual |
Residential Housing Starts | 2023 | 18,038 | 20,608 | # | Annual |
Building Completions | 2023 | 20,891 | 20,220 | # | Annual |
House Price Value | 2023 Q4 | 2,432 | 2,438 | EUR per m², NSA | Quarterly |
Consumer | Reference | Last | Previous | Units | Frequency |
Consumer Confidence | Mar 2024 | -11 | -13.4 | Bal. of Opinion, SA | Monthly |
Retail Sales | Feb 2024 | 105.3 | 101.9 | Index CPPY=100, NSA | Monthly |
Business | Reference | Last | Previous | Units | Frequency |
Capacity Utilization | 2024 Q1 | 80.1 | 81 | %, SA | Quarterly |
Business Confidence | Mar 2024 | -6.3 | -9.3 | Bal. of Opinion, SA | Monthly |
Industrial Production | Feb 2024 | 100 | 97.1 | Index 2021=100, NSA | Monthly |
Change in Inventories | 2023 Q4 | -2,320 | 424.7 | Mil. EUR, NSA | Quarterly |
Real Change in Inventories | 2023 Q3 | -355.15 | -616.18 | Mil. Ch. 2015 EUR, SA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Deaths | Jan 2024 | 5,215 | 5,371 | #, NSA | Monthly |
Population | 2023 | 5,424,687 | 5,428,792 | # | 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 |