Slovakia
Slovakia saw high growth in 2018, thanks to increasing household consumption and gross capital formation. However, our forecasts for this and next year have been revised downwards and amount to 3.6% in 2019 and about 3% thereafter. Domestic and external risks are on the rise.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Population, 1000 persons | 5431 | 5439 | 5447 | . | . | . |
| GDP, real change in % | 3.1 | 3.2 | 4.1 | 3.6 | 3.0 | 2.5 |
| GDP per capita (EUR at PPP) | 22500 | 22900 | 24100 | . | . | . |
| Gross industrial production, real change in % | 4.7 | 3.2 | 4.4 | . | . | . |
| Unemployment rate - LFS, in %, average | 9.7 | 8.1 | 6.5 | 6.2 | 5.8 | 5.6 |
| Average gross monthly wages, EUR | 912 | 954 | 1013 | . | . | . |
| Consumer prices, % p.a. | -0.5 | 1.4 | 2.5 | 2.6 | 2.3 | 2.3 |
| Fiscal balance in % of GDP | -2.2 | -0.8 | -0.7 | . | . | . |
| Public debt in % of GDP | 51.8 | 50.9 | 48.9 | . | . | . |
| Current account in % of GDP | -2.2 | -2.0 | -2.5 | -1.6 | -1.3 | -1.0 |
| FDI inflow, EUR mn | 4326 | 5313 | 2158 | . | . | . |
| Gross external debt in % of GDP | 92.2 | 111.0 | 113.3 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
SLOVAKIA: Strong growth at stake?
Doris Hanzl-Weiss
in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 136-139
Details and Buy
Monthly Report No. 6/2018
Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 6, June 2018
27 pages including 1 Table and 1 Figure