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For the first time since 2008, households have shown a visible sign of recovery in the first quarter of 2014 (+3.4%). Thus already this year, growth will be more balanced and all main components – household consumption, investment and net exports – will contribute to growth. Hence the medium-term outlook is quite positive. We expect GDP to grow by 2.4% in 2014, 3.0% in 2015 and 3.2% in 2016.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||5398||5408||5413||.||.||.|
|GDP, real change in %||2.7||1.6||1.4||2.4||3.0||3.2|
|GDP per capita (EUR at PPP)||19200||19700||20000||.||.||.|
|Gross industrial production, real change in %||5.3||7.9||4.9||.||.||.|
|Unemployment rate - LFS, in %, average||13.5||14.0||14.2||13.8||13.0||12.0|
|Average gross monthly wages, EUR||786||805||824||.||.||.|
|Consumer prices, % p.a.||4.1||3.7||1.5||0.5||1.5||2.5|
|Fiscal balance in % of GDP||-4.7||-4.4||-2.7||.||.||.|
|Public debt in % of GDP||42.9||51.9||54.3||.||.||.|
|Current account in % of GDP||-3.7||2.2||2.1||1.7||1.5||1.2|
|FDI inflow, EUR mn||2511||2199||445||.||.||.|
|Gross external debt in % of GDP||75.4||74.5||81.1||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 7-8/2014
Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Michael Landesmann, Sebastian Leitner, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July 2014
23 pages including 1 Table and 2 Figures Details
SLOVAKIA: Better growth prospects ahead
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 67-69 Details and Buy