Slovakia

map Slovakia
After low growth in 2025, Slovak GDP will again increase only modestly this year. The wiiw forecast has been revised slightly downward and GDP is now expected to rise by just 0.5%, as ongoing fiscal consolidation continues to weigh on household consumption. In addition, external uncertainties threaten this modest expansion. The outlook is expected to improve in 2027, with a pause in fiscal tightening and the creation of export capacity at the new Volvo plant. However, consolidation could resume in 2028, leading to lower growth prospects once again.
        FORECAST*
Main Economic Indicators202320242025202620272028
Population, 1000 persons542754225416...
GDP, real change in %2.11.90.80.51.61.5
GDP per capita (EUR at PPP)284902981031110...
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-5.3-5.4-5.0-4.5-4.8-4.3
Public debt in % of GDP55.859.761.9...
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. 1/2026

Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Maciej Grodzicki, Ioannis Gutzianas, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Biljana Jovanovikj, Niko Korpar, Dzmitry Kruk, Sebastian Leitner, Isilda Mara, Emilia Penkova-Pearson, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm and Marina Tverdostup
wiiw Monthly Report No. 1, January 2026
58 pages including 6 Tables and 15 Figures

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
Details


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