Slovakia

map Slovakia
Constrained by fiscal consolidation, weak investment and a challenging external environment, the Slovak economy continues to underperform relative to its historical growth rates. Following growth of just 0.9% year on year in Q1 2026, the economy appears set for another year of subdued expansion. Higher energy prices linked to the conflict in the Middle East, elevated inflation and rising trade frictions are weighing on both household spending and business sentiment.
        FORECAST*
Main Economic Indicators202320242025202620272028
Population, 1000 persons542754225416...
GDP, real change in %2.11.90.80.51.61.5
GDP per capita (EUR at PPP)284902981031140...
Gross industrial production, real change in %3.80.4-3.1...
Unemployment rate - LFS, in %, average5.85.35.45.85.85.6
Average gross monthly wages, EUR143015241620...
Consumer prices, % p.a.11.03.24.24.03.52.5
Fiscal balance in % of GDP-5.3-5.4-4.5-4.5-4.8-4.3
Public debt in % of GDP55.859.761.4...
Current account in % of GDP-3.0-4.6-3.6-4.0-3.4-3.0
FDI inflow, EUR m48546201840...
Gross external debt in % of GDP98.1101.4100.8...


Basic data are continuously updated.

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

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Monthly Report No. 7-8/2026

Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Ioannis Gutzianas, Gabor Hunya, Branimir Jovanović, Biljana Jovanovikj, Niko Korpar, Dzmitry Kruk, Isilda Mara, Michał Możdżeń, Emilia Penkova-Pearson, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm and Marina Tverdostup
wiiw Monthly Report No. 7-8, July-August 2026
52 pages including 5 Tables

Details

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Executive summary

Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII
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