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.

map Slovakia
Main Economic Indicators201520162017201820192020
Population, 1000 persons542454315430...
GDP, real change in %
GDP per capita (EUR at PPP)224002240023000...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average11.
Average gross monthly wages, EUR883912954...
Consumer prices, % p.a.-0.3-
Fiscal balance in % of GDP-2.6-2.2-0.8...
Public debt in % of GDP52.251.850.9...
Current account in % of GDP-1.8-2.2-2.0-1.4-0.6-0.5
FDI inflow, EUR mn135743265313...
Gross external debt in % of GDP84.990.8111.0...

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