Slovakia
Slovakia’s growth accelerated in the first half of 2018 on a broad base. Forecasts for this and next year amount to 3.8% and about 4% respectively, thanks to the new Jaguar Land Rover plant. Main internal risks are growing wages and labour shortages.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| Population, 1000 persons | 5424 | 5431 | 5439 | . | . | . |
| GDP, real change in % | 4.2 | 3.1 | 3.2 | 3.8 | 4.1 | 3.3 |
| GDP per capita (EUR at PPP) | 22300 | 22500 | 22900 | . | . | . |
| Gross industrial production, real change in % | 6.0 | 3.8 | 2.9 | . | . | . |
| Unemployment rate - LFS, in %, average | 11.5 | 9.7 | 8.1 | 6.6 | 6.3 | 6.0 |
| Average gross monthly wages, EUR | 883 | 912 | 954 | . | . | . |
| Consumer prices, % p.a. | -0.3 | -0.5 | 1.4 | 2.5 | 2.5 | 2.2 |
| Fiscal balance in % of GDP | -2.6 | -2.2 | -0.8 | . | . | . |
| Public debt in % of GDP | 52.2 | 51.8 | 50.9 | . | . | . |
| Current account in % of GDP | -1.8 | -2.2 | -2.0 | -1.4 | -0.6 | -0.5 |
| FDI inflow, EUR mn | 1357 | 4326 | 5313 | . | . | . |
| Gross external debt in % of GDP | 84.9 | 90.8 | 111.0 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
SLOVAKIA: Growth fostered by automotive industry
Doris Hanzl-Weiss
in: Strong Growth Amid Increased Negative Risks
wiiw Forecast Report No. Autumn 2018, November 2018 , pp. 130-133
Details and Buy
Monthly Report No. 6/2018
Vasily Astrov, Rumen Dobrinsky, 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. 6, June 2018
27 pages including 1 Table and 1 Figure