An unexpectedly high GDP growth of 3.6% in the first half of 2016 has resulted in Slovakia being one of the most rapidly growing countries in the region. While investments will drop in the course of the current year, growth has been backed by household consumption and net exports. For the years ahead, new capacities in the automotive industry will lend a fresh impetus to growth.
|Main Economic Indicators||2014||2015||2016||2017||2018||2019|
|Population, 1000 persons.||5419||5424||5428||.||.||.|
|GDP, real change in %||2.6||3.8||3.3||3.1||3.4||.|
|GDP per capita (EUR at PPP)||21300||22300||23100||.||.||.|
|Gross industrial production, real change in %||8.6||7.0||3.3||.||.||.|
|Unemployment rate - LFS, in %, average||13.2||11.5||9.7||9.5||9.0||.|
|Average gross monthly wages, EUR||858||883||910||.||.||.|
|Consumer prices, % p.a.||-0.1||-0.3||-0.5||1.2||1.8||.|
|Fiscal balance in % of GDP||-2.7||-2.7||-2.4||.||.||.|
|Public debt in % of GDP||53.6||52.5||52.2||.||.||.|
|Current account in % of GDP||1.2||0.2||-0.6||-1.6||-1.1||.|
|FDI inflow, EUR mn||-324||1017||4278||.||.||.|
|Gross external debt in % of GDP||89.2||85.4||89.0||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
SLOVAKIA: Solid growth
in: Labour Shortages Driving Economic Growth?
wiiw Forecast Report No. Autumn 2016, November 2016 , pp. 108-111 Details and Buy
Monthly Report No. 7-8/2016
Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2016
25 pages including 1 Table and 1 Figure