Slovakia
Slovakia is on a sustained robust growth path. For 2017, we estimate GDP to rise by 3.3%, backed by household consumption, modestly reviving investment as well as positive net exports. For the coming years, we expect an acceleration of growth due to the start of the new Jaguar Land Rover plant, raising the export capacity from 2018/2019 onwards. Still growth will continue to be primarily driven by household consumption, benefiting from favourable labour market developments.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| Population, 1000 persons. | 5419 | 5424 | 5431 | . | . | . |
| GDP, real change in % | 2.6 | 3.8 | 3.3 | 3.3 | 3.6 | 3.9 |
| GDP per capita (EUR at PPP) | 21300 | 22300 | 22400 | . | . | . |
| Gross industrial production, real change in % | 3.6 | 7.3 | 4.8 | . | . | . |
| Unemployment rate - LFS, in %, average | 13.2 | 11.5 | 9.7 | 8.3 | 7.7 | 7.2 |
| Average gross monthly wages, EUR | 858 | 883 | 912 | . | . | . |
| Consumer prices, % p.a. | -0.1 | -0.3 | -0.5 | 1.2 | 1.8 | 1.8 |
| Fiscal balance in % of GDP | -2.7 | -2.7 | -1.7 | . | . | . |
| Public debt in % of GDP | 53.6 | 52.5 | 51.9 | . | . | . |
| Current account in % of GDP | 1.1 | 0.2 | -0.7 | -0.2 | 0.6 | 1.5 |
| FDI inflow, EUR mn | -324 | 1017 | 3234 | . | . | . |
| Gross external debt in % of GDP | 89.2 | 85.4 | 91.1 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 7-8/2017
Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2017
27 pages including 1 Table and 2 Figures
SLOVAKIA: Moving into the fast lane from 2018 amid rising external risks
Doris Hanzl-Weiss
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 115-118
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