Slovakia
In 2016, a strong decline in gross fixed capital formation depressed GDP growth to 3.3%. For 2017, Slovak growth is forecast to be around 3%, while in 2018 and 2019 an increase in the capacity of the automotive industry should stimulate faster growth close to 4%.
| 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 | 3.1 | 3.6 | 3.9 |
| GDP per capita (EUR at PPP) | 21300 | 22300 | 23100 | . | . | . |
| Gross industrial production, real change in % | 3.6 | 7.3 | 4.8 | . | . | . |
| Unemployment rate - LFS, in %, average | 13.2 | 11.5 | 9.7 | 9.0 | 8.5 | 8.0 |
| 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 | 0.4 | 0.9 | 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.
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
Details and Buy
Monthly Report No. 7-8/2016
Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2016
25 pages including 1 Table and 1 Figure
