map Slovakia
While Slovakia’s GDP increased by only 1.1% in 2023, wiiw forecasts a gradual improvement in growth in the coming years. This will mainly be driven by household consumption, bolstered by lower inflation, leading to rising real wages and a favourable labour market. However, the domestic risks are rising due to ongoing political changes.
Main Economic Indicators202120222023202420252026
Population, 1000 persons544754325427...
GDP, real change in %
GDP per capita (EUR at PPP)238602522027430...
Gross industrial production, real change in %10.7-4.51.5...
Unemployment rate - LFS, in %, average6.
Average gross monthly wages, EUR121113041430...
Consumer prices, % p.a.2.812.
Fiscal balance in % of GDP-5.2-1.7-4.9-6.0-5.0-4.0
Public debt in % of GDP61.157.756.0...
Current account in % of GDP-4.0-7.3-1.6-1.3-0.9-1.1
FDI inflow, EUR m22993873-303...
Gross external debt in % of GDP134.2103.096.0...

Basic data are continuously updated.

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


Executive summary

Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII


Monthly Report No. 1/2024

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Meryem Gökten, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm, Maryna Tverdostup and Adam Żurawski
wiiw Monthly Report No. 1, January 2024
50 pages including 5 Tables and 18 Figures