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Export-led growth in Slovakia continued in the first quarter of 2013, although it was considerably slower than the previous year when automotive production and exports surged. Owing to this base effect, GDP growth slowed down to a mere 0.6%. GDP should grow moderately throughout the current year depending, however, on external demand in the euro-area and the resolution of the latter’s debt crisis.
|Main Economic Indicators||2010||2011||2012||2013||2014||2015|
|Population, 1000 persons.||5430||5398||5408||.||.||.|
|GDP, real change in %||4.4||3.0||1.8||1.0||2.4||3.0|
|GDP per capita (EUR at PPP)||17900||18500||19100||.||.||.|
|Gross industrial production, real change in %||8.2||5.3||7.9||.||.||.|
|Unemployment rate - LFS, in %, average||14.4||13.5||14.0||14.5||14.0||13.0|
|Average gross monthly wages, EUR||769||786||805||.||.||.|
|Consumer prices, % p.a.||0.7||4.1||3.7||1.6||2.1||3.0|
|Fiscal balance in % of GDP||-7.7||-5.1||-4.5||.||.||.|
|Public debt in % of GDP||41.0||43.4||52.4||.||.||.|
|Current account in % of GDP||-3.7||-3.8||2.2||2.7||2.5||1.6|
|FDI inflow, EUR mn||1336||2511||2199||.||.||.|
|Gross external debt in % of GDP||74.8||76.7||75.6||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Slovakia: Growth slowing down
in: Animal Spirits still Dimmed: Slow Recovery Expected
wiiw Current Analyses and Forecasts No. 12, July 2013 , pp. 99-101 Details and Buy
Monthly Report No. 11/2013
Vasily Astrov, Vladimir Gligorov, Peter Havlik, Mario Holzner and Olga Pindyuk
wiiw Monthly Report No. 11, November 2013
38 pages including 17 Tables Details