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.

map Slovakia
Main Economic Indicators201220132014201520162017
Population, 1000 persons.540854135420...
GDP, real change in %
GDP per capita (EUR at PPP)197002000020600...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average14.
Average gross monthly wages, EUR805824858...
Consumer prices, % p.a.3.71.5-
Fiscal balance in % of GDP-4.2-2.6-2.9...
Public debt in % of GDP52.154.653.6...
Current account in % of GDP0.
FDI inflow, EUR mn13561610638...
Gross external debt in % of GDP74.581.188.4...

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

Doris Hanzl-Weiss
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 79-81
Details and Buy