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Domestic demand replaced exports as the main engine of growth in 2014. This pattern will be maintained in the years to come. A major contributory factor is a number of substantial social measures taken by the government in the run-up to parliamentary elections. Exports will remain sluggish in 2015, as low growth will prevail in the euro area and regional uncertainties persist. Growth should pick up thereafter, although risks will remain.
|Main Economic Indicators||2012||2013||2014||2015||2016||2017|
|Population, 1000 persons.||5408||5413||5420||.||.||.|
|GDP, real change in %||1.6||1.4||2.4||2.5||2.7||3.0|
|GDP per capita (EUR at PPP)||19700||20000||20600||.||.||.|
|Gross industrial production, real change in %||7.9||4.9||4.0||.||.||.|
|Unemployment rate - LFS, in %, average||14.0||14.2||13.2||13.0||12.5||12.0|
|Average gross monthly wages, EUR||805||824||858||.||.||.|
|Consumer prices, % p.a.||3.7||1.5||-0.1||0.4||1.4||1.7|
|Fiscal balance in % of GDP||-4.2||-2.6||-2.9||.||.||.|
|Public debt in % of GDP||52.1||54.6||53.6||.||.||.|
|Current account in % of GDP||0.9||1.8||0.1||0.6||0.3||0.4|
|FDI inflow, EUR mn||1356||1610||638||.||.||.|
|Gross external debt in % of GDP||74.5||81.1||88.4||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 5/2015
Julia Grübler, Doris Hanzl-Weiss, Roman Römisch and Hermine Vidovic
wiiw Monthly Report No. 5, May 2015
43 pages including 1 Table and 33 Figures
SLOVAKIA: Domestic demand driving growth
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 79-81 Details and Buy