map Slovakia
In 2022, Slovakia’s GDP growth reached just 1.7%. This year, too, high inflation will continue to prevent stronger economic growth, which is forecast to be 0.6%. Declining household consumption and poor prospects for Germany – the country’s main export market – will drag down growth, while the influx of EU funds will provide some growth momentum. The situation should improve in 2024, but domestic political instability resulting from party fragmentation might threaten future prospects in the long run.
Main Economic Indicators202020212022202320242025
Population, 1000 persons545954475432...
GDP, real change in %-
GDP per capita (EUR at PPP)215602292023970...
Gross industrial production, real change in %-8.110.3-3.6...
Unemployment rate - LFS, in %, average6.
Average gross monthly wages, EUR113312111304...
Consumer prices, % p.a.2.02.812.
Fiscal balance in % of GDP-5.4-5.4-2.0-6.0-4.4-4.5
Public debt in % of GDP58.961.057.8...
Current account in % of GDP0.6-2.5-8.2-5.0-3.1-2.6
FDI inflow, EUR m-9348183876...
Gross external debt in % of GDP119.6132.6103.1...

Basic data are continuously updated.

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


Executive summary

Olga Pindyuk
in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. I-VI


Monthly Report No. 4/2023

Vasily Astrov, Olga Pindyuk, Maryna Tverdostup and Sergey Utkin
wiiw Monthly Report No. 4, April 2023
53 pages including 2 Tables and 33 Figures