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The forecast for Slovakia for the period 2014-2016 is quite positive. We expect the Slovak economy to grow by 2.4% in 2014, 3% in 2015 and 3.2% in 2016. All components of GDP should contribute to this hike in 2014, including net exports, gross capital formation and final consumption. The latter two categories should contribute to growth in the two consecutive years. This is based on the assumption that growth occurs in Slovakia’s main trading partners, and that the investment climate improves.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||5398||5408||5412||.||.||.|
|GDP, real change in %||3.0||1.8||0.9||2.4||3.0||3.2|
|GDP per capita (EUR at PPP)||18900||19400||19700||.||.||.|
|Gross industrial production, real change in %||5.3||7.9||4.9||.||.||.|
|Unemployment rate - LFS, in %, average||13.5||14.0||14.4||14.0||13.0||12.0|
|Average gross monthly wages, EUR||786||805||824||.||.||.|
|Consumer prices, % p.a.||4.1||3.7||1.5||2.0||3.0||3.0|
|Fiscal balance in % of GDP||-5.1||-4.5||-3.0||.||.||.|
|Public debt in % of GDP||43.4||52.4||54.3||.||.||.|
|Current account in % of GDP||-3.8||2.2||2.1||3.0||2.5||2.1|
|FDI inflow, EUR mn||2511||2199||445||.||.||.|
|Gross external debt in % of GDP||76.7||75.6||82.7||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
SLOVAKIA: Better growth prospects ahead
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 67-69 Details and Buy
Monthly Report No. 2/2014
Vladimir Gligorov, Olga Pindyuk, Leon Podkaminer, Johannes Pöschl and Roman Römisch
wiiw Monthly Report No. 2, February 2014
29 pages including 14 Tables and 8 Figures Details