Slovakia grew at a solid pace throughout 2017, fostered by accelerating household consumption. Forecasts for this and the next year amount to 3.8% and around 4%, respectively, thanks to capacity increases in the automotive industry, before falling back to 3.3% in 2020. However, growing wages and labour shortages may threaten future growth prospects.

map Slovakia
Main Economic Indicators201520162017201820192020
Population, 1000 persons542454315430...
GDP, real change in %
GDP per capita (EUR at PPP)223002240023300...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average11.
Average gross monthly wages, EUR883912954...
Consumer prices, % p.a.-0.3-
Fiscal balance in % of GDP-2.7-2.2-1.0...
Public debt in % of GDP52.351.850.9...
Current account in % of GDP-1.8-1.5-2.1-
FDI inflow, EUR mn135732345313...
Gross external debt in % of GDP85.290.9110.8...

Basic data are continuously updated.

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


SLOVAKIA: Future growth constrained by labour shortages

Doris Hanzl-Weiss
in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 142-145
Details and Buy


Monthly Report No. 1/2018 - Special Issue: 25 years break-up of Czechoslovakia

Vladimir Gligorov, Doris Hanzl-Weiss, Tomáš Holub and Ivan Mikloš
wiiw Monthly Report No. 1, January 2018
46 pages including 1 Table and 30 Figures