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In the course of the current year, domestic demand has been taking over the role of the main engine of growth in Slovakia; it is expected to continue as such over the next two years. Growing household consumption will foster import growth, while global uncertainties will restrain export growth. The contribution of net exports will thus turn negative. For this and the next two years to come, we expect the GDP to grow by about 2.5% annually.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||5398||5408||5413||.||.||.|
|GDP, real change in %||2.7||1.6||1.4||2.4||2.5||2.6|
|GDP per capita (EUR at PPP)||19200||19700||20000||.||.||.|
|Gross industrial production, real change in %||5.3||7.9||4.9||.||.||.|
|Unemployment rate - LFS, in %, average||13.5||14.0||14.2||13.5||13.0||12.0|
|Average gross monthly wages, EUR||786||805||824||.||.||.|
|Consumer prices, % p.a.||4.1||3.7||1.5||-0.1||1.5||2.5|
|Fiscal balance in % of GDP||-4.1||-4.2||-2.6||.||.||.|
|Public debt in % of GDP||43.5||52.1||54.6||.||.||.|
|Current account in % of GDP||-3.7||2.2||2.1||1.5||1.0||0.1|
|FDI inflow, EUR mn||2511||2199||445||.||.||.|
|Gross external debt in % of GDP||75.4||74.5||81.1||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 12/2014
Vladimir Gligorov, Doris Hanzl-Weiss, Yudit Kiss and Leon Podkaminer
wiiw Monthly Report No. 12, December 2014
39 pages including 4 Tables and 25 Figures Details
SLOVAKIA: Domestic demand taking over export drive
in: On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
wiiw Forecast Report No. Autumn 2014, November 2014 , pp. 79-80 Details and Buy