Slovakia
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Population, 1000 persons | 5454 | 5459 | 5447 | . | . | . |
| GDP, real change in % | 2.6 | -4.4 | 3.0 | 2.4 | 3.1 | 3.0 |
| GDP per capita (EUR at PPP) | 21750 | 20950 | 21960 | . | . | . |
| Gross industrial production, real change in % | 0.4 | -9.0 | 10.4 | . | . | . |
| Unemployment rate - LFS, in %, average | 5.8 | 6.7 | 6.8 | 6.5 | 5.9 | 5.7 |
| Average gross monthly wages, EUR | 1092 | 1133 | 1211 | . | . | . |
| Consumer prices, % p.a. | 2.8 | 2.0 | 2.8 | 8.0 | 4.5 | 2.0 |
| Fiscal balance in % of GDP | -1.3 | -5.5 | -6.2 | -5.1 | -4.1 | -3.5 |
| Public debt in % of GDP | 48.1 | 59.7 | 63.1 | . | . | . |
| Current account in % of GDP | -3.4 | 0.4 | -2.0 | -3.9 | -3.7 | -3.3 |
| FDI inflow, EUR m | 2042 | -214 | 818 | . | . | . |
| Gross external debt in % of GDP | 112.7 | 120.5 | 137.0 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.
publication_icon
SLOVAKIA: Yet another blow to the automotive industry
Doris Hanzl-Weiss
in: Overshadowed by War and Sanctions
wiiw Forecast Report No. Spring 2022, April 2022 , pp. 116-119
Details and Buy
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Monthly Report No. 1/2022
Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Richard Grieveson, Doris Hanzl-Weiss, Marcus How, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Sandor Richter, Bernd Christoph Ströhm, Maryna Tverdostup, Nina Vujanović, Zuzana Zavarská and Adam Żurawski
wiiw Monthly Report No. 1, January 2022
58 pages including 4 Tables and 21 Figures
By the end of 2021, Slovakia’s GDP had still not fully recovered from the COVID-19 pandemic, showing annual growth of only 3%. Growth forecasts have been revised substantially downwards, reflecting the negative impact of the Russian war in Ukraine. Still, the inflow of EU funds should provide some growth impetus at a time of rising risk.