Slovakia
Slovak GDP is forecast to increase by 3.6% in 2019, with growth boosted by exports from the new Jaguar Land Rover plant. As support from automotive expansion vanishes, growth will gradually decelerate in the next two years. Risks are rising – both domestically and globally – due to weak household consumption and increasing protectionist risks for the automotive industry.
| 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 | 24000 | . | . | . |
| 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 | 2.3 | 2.1 | 2.0 |
| 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 | 113.0 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 6/2019
Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Hermine Vidovic and Goran Vuksic
wiiw Monthly Report No. 6, June 2019
27 pages including 24 Tables and 1 Figure
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