Slovakia
Slovakia’s GDP dropped by 5.2% in 2020. This year the economy is expected to recover by 3.6%; in the following years the inflow of EU funds should foster gross fixed capital formation. However, the pandemic plus internal and external uncertainties pose several downside risks.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Population, 1000 persons | 5447 | 5454 | 5459 | . | . | . |
| GDP, real change in % | 3.7 | 2.5 | -4.8 | 3.6 | 4.4 | 3.5 |
| GDP per capita (EUR at PPP) | 21360 | 21870 | 21220 | . | . | . |
| Gross industrial production, real change in % | 4.4 | 0.4 | -9.0 | . | . | . |
| Unemployment rate - LFS, in %, average | 6.5 | 5.8 | 6.7 | 8.2 | 7.6 | 7.0 |
| Average gross monthly wages, EUR | 1013 | 1092 | 1133 | . | . | . |
| Consumer prices, % p.a. | 2.5 | 2.8 | 2.0 | 1.4 | 2.0 | 2.0 |
| Fiscal balance in % of GDP | -1.0 | -1.3 | -6.1 | . | . | . |
| Public debt in % of GDP | 49.7 | 48.2 | 60.3 | . | . | . |
| Current account in % of GDP | -2.2 | -2.7 | -0.4 | -0.2 | -0.1 | -0.5 |
| FDI inflow, EUR m | 1906 | 2067 | -213 | . | . | . |
| Gross external debt in % of GDP | 114.9 | 112.4 | 121.2 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of April, July and November.
See Press Conferences.
SLOVAKIA: Uncertainties prevail
Doris Hanzl-Weiss
in: Darkest before the dawn?
wiiw Forecast Report No. Spring 2021, April 2021 , pp. 123-126
Details and Buy
Monthly Report No. 5/2020
Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Bernd Christoph Ströhm and Hermine Vidovic
wiiw Monthly Report No. 5, May 2020
96 pages including 27 Tables and 39 Figures