Slovakia

map Slovakia
The adverse impact of the Russian war in Ukraine, high inflation and the energy crisis are all taking their toll on the Slovak economy. We estimate real GDP growth of 1.8% in 2022, driven by private consumption. While household consumption will fall back in the face of soaring inflation, the inflow of EU funds could provide some growth impetus in 2023 and beyond.
        FORECAST*
Main Economic Indicators201920202021202220232024
Population, 1000 persons545454595447...
GDP, real change in %2.5-3.43.01.80.62.4
GDP per capita (EUR at PPP)218402125022380...
Gross industrial production, real change in %0.4-9.010.4...
Unemployment rate - LFS, in %, average5.86.76.86.05.96.2
Average gross monthly wages, EUR109211331211...
Consumer prices, % p.a.2.82.02.811.48.03.0
Fiscal balance in % of GDP-1.2-5.4-5.5-5.1-4.1-3.5
Public debt in % of GDP48.058.962.2...
Current account in % of GDP-3.30.6-2.5-7.4-8.4-7.9
FDI inflow, EUR m2042-934818...
Gross external debt in % of GDP112.3119.6135.0...


Basic data are continuously updated.

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

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Executive summary

Branimir Jovanović
in: Bracing for the Winter
wiiw Forecast Report No. Autumn 2022, October 2022 , pp. I-VIII
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Monthly Report No. 7-8/2022

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Bernhard Moshammer, Olga Pindyuk, Sandor Richter, Bernd Christoph Ströhm, Maryna Tverdostup, Nina Vujanović, Zuzana Zavarská and Adam Żurawski
wiiw Monthly Report No. 7-8, July-August 2022
58 pages including 4 Tables and 21 Figures

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