Slovakia
Slovakia’s growth decelerated sharply in the second quarter of 2019 due to declining exports and investments. Growth in the key automotive industry turned negative in June. Growth will slow down in the coming years, with forecasts for this and next year amounting to 2.3% and 2.2%.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Population, 1000 persons | 5431 | 5439 | 5447 | . | . | . |
| GDP, real change in % | 2.1 | 3.0 | 4.0 | 2.3 | 2.2 | 2.6 |
| GDP per capita (EUR at PPP) | 22400 | 22800 | 23900 | . | . | . |
| Gross industrial production, real change in % | 4.7 | 3.2 | 4.4 | . | . | . |
| Unemployment rate - LFS, in %, average | 9.7 | 8.1 | 6.5 | 5.8 | 5.8 | 5.6 |
| Average gross monthly wages, EUR | 912 | 954 | 1013 | . | . | . |
| Consumer prices, % p.a. | -0.5 | 1.4 | 2.5 | 2.7 | 2.1 | 2.0 |
| Fiscal balance in % of GDP | -2.5 | -1.0 | -1.1 | . | . | . |
| Public debt in % of GDP | 52.0 | 51.3 | 49.4 | . | . | . |
| Current account in % of GDP | -2.7 | -1.9 | -2.6 | -3.0 | -2.8 | -2.5 |
| FDI inflow, EUR mn | 4326 | 3749 | 2158 | . | . | . |
| Gross external debt in % of GDP | 92.4 | 111.4 | 113.6 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
SLOVAKIA: Cooling due to external slowdown
Doris Hanzl-Weiss
in: Braced for Fallout from Global Slowdown
wiiw Forecast Report No. Autumn 2019, November 2019 , pp. 114-117
Details and Buy
Monthly Report No. 9/2019
Richard Grieveson, Julia Grübler and Doris Hanzl-Weiss
wiiw Monthly Report No. 9, September 2019
43 pages including 1 Table and 31 Figures