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.

map Slovakia
        FORECAST*
Main Economic Indicators201620172018201920202021
Population, 1000 persons543154395447...
GDP, real change in %3.13.24.13.63.02.5
GDP per capita (EUR at PPP)225002290024000...
Gross industrial production, real change in %4.73.24.4...
Unemployment rate - LFS, in %, average9.78.16.56.25.85.6
Average gross monthly wages, EUR9129541013...
Consumer prices, % p.a.-0.51.42.52.32.12.0
Fiscal balance in % of GDP-2.2-0.8-0.7...
Public debt in % of GDP51.850.948.9...
Current account in % of GDP-2.2-2.0-2.5-1.6-1.3-1.0
FDI inflow, EUR mn432653132158...
Gross external debt in % of GDP92.2111.0113.0...


Basic data are continuously updated.

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

publication_icon

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

Details

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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


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