Slovakia

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.

map Slovakia
        FORECAST*
Main Economic Indicators201120122013201420152016
Population, 1000 persons.539854085413...
GDP, real change in %3.01.80.92.43.03.2
GDP per capita (EUR at PPP)189001940019600...
Gross industrial production, real change in %5.37.94.9...
Unemployment rate - LFS, in %, average13.514.014.213.813.012.0
Average gross monthly wages, EUR786805824...
Consumer prices, % p.a.4.13.71.50.51.52.5
Fiscal balance in % of GDP-4.8-4.5-2.8...
Public debt in % of GDP43.652.755.4...
Current account in % of GDP-3.82.22.11.71.51.2
FDI inflow, EUR mn25112199445...
Gross external debt in % of GDP76.775.682.7...


Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.

publication_icon

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

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SLOVAKIA: Better growth prospects ahead

Doris Hanzl-Weiss
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 67-69
Details and Buy


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