In 2015, surging investments will boost Slovak GDP growth, which is expected to reach 3.2%. Better conditions on the labour market will encourage household consumption and imports. At the same time, global uncertainties will restrain export growth, resulting in net exports contributing negatively to economic growth. Over the next two years we expect annual real GDP growth in the order of 3%.
|Main Economic Indicators||2012||2013||2014||2015||2016||2017|
|Population, 1000 persons.||5408||5413||5419||.||.||.|
|GDP, real change in %||1.5||1.4||2.5||3.2||3.0||2.9|
|GDP per capita (EUR at PPP)||19600||20100||20900||.||.||.|
|Gross industrial production, real change in %||7.9||4.9||4.0||.||.||.|
|Unemployment rate - LFS, in %, average||14.0||14.2||13.2||11.6||10.6||10.0|
|Average gross monthly wages, EUR||805||824||858||.||.||.|
|Consumer prices, % p.a.||3.7||1.5||-0.1||0.0||1.4||1.7|
|Fiscal balance in % of GDP||-4.2||-2.7||-2.8||.||.||.|
|Public debt in % of GDP||51.9||54.6||53.5||.||.||.|
|Current account in % of GDP||0.9||2.0||0.1||-0.8||-1.2||-1.7|
|FDI inflow, EUR mn||1356||757||27||.||.||.|
|Gross external debt in % of GDP||75.8||81.9||89.7||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
SLOVAKIA: Investments spurring growth
in: Mixed Prospects: Consumption Leads Fragile Recovery in the CESEE Core – CIS Stumbles
wiiw Forecast Report No. Autumn 2015, November 2015 , pp. 121-124 Details and Buy
Monthly Report No. 7-8/2015
Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2015
25 pages including 1 Table and 2 Figures