Slovakia (Slovak Republic) Economic Statistics and Indicators

28, Jan 2020, EST. Welcome to the Slovakia economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Slovakia (Slovak Republic) › Change country
National or Regional Currency: Slovak Koruna, SKK
Year of data: 2015 › Change year
Number of Indicators Listed: 38
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 5,443,583 (July 2014 est.)
Area: total: 49,035 sq km ; land: 48,105 sq km ; water: 930 sq km
Natural Resources: brown coal and lignite; small amounts of iron ore, copper and manganese ore; salt; arable land
Capital: name: Bratislava ; geographic coordinates: 48 09 N, 17 07 E ; time difference: UTC+1 (6 hours ahead of Washington, DC,. during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

Slovakia has made significant economic reforms since its separation from the Czech Republic in 1993. After a period of relative stagnation in the early and mid 1990s, reforms to the taxation, healthcare, pension, and social welfare systems helped Slovakia consolidate its budget, get on track to join the EU in 2004, and adopt the euro in January 2009. Major privatizations are nearly complete, the banking sector is almost entirely in foreign hands, and the government has facilitated a foreign investment boom with business friendly policies. Foreign direct investment (FDI), especially in the automotive and electronic sectors, fueled much of the growth until 2008. Cheap, skilled labor, low taxes, no dividend taxes, a relatively liberal labor code, and a favorable geographical location are Slovakia's main advantages to foreign investors. Growth returned, following a contraction in 2009, but has remained sluggish in large part due to continued weakness in external demand. In 2012 the government of Prime Minister Robert FICO rolled back some of Slovakia's pro-growth reforms to help shore up public finances. Corruption and slow dispute resolution remain key factors constraining economic growth.

GDP (Constant Prices, National Currency) for Slovakia in year 2015 is SKK 75.793 Billion.

GDP Growth (Constant Prices, National Currency) for Slovakia in year 2015 is 3.595 %.

GDP (Current Prices, National Currency) for Slovakia in year 2015 is SKK 78.071 Billion.

GDP (Current Prices, US Dollars) for Slovakia in year 2015 is US$ 86.629 Billion.

GDP Deflator for Slovakia in year 2015 is 103.006 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Slovakia in year 2015 is SKK 13,991.25 .

GDP Per Capita (Current Prices, National Currency) for Slovakia in year 2015 is SKK 14,411.84 .

GDP Per Capita (Current Prices, US Dollars) for Slovakia in year 2015 is US$ 15,991.74 .

Output Gap, Percent of Potential GDP for Slovakia in year 2015 is -0.324 %.

GDP (PPP), US Dollars for Slovakia in year 2015 is US$ 160.998 Billion.

GDP Per Capita (PPP), US Dollars for Slovakia in year 2015 is US$ 29,720.06 .

GDP Share of World Total (PPP) for Slovakia in year 2015 is 0.142 %.

Implied PPP Conversion Rate for Slovakia in year 2015 is 0.485 .

Investment (% of GDP) for Slovakia in year 2015 is 22.905 %.

Gross National Savings (% of GDP) for Slovakia in year 2015 is 21.756 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Slovakia in year 2015 is 99.997 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Slovakia in year 2015 is -0.341 %.

Inflation, End of Year (Indexed to Year 2000) for Slovakia in year 2015 is 99.95 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Slovakia in year 2015 is -0.428 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Slovakia in year 2015 is 8.059 %.

Import Volumes of Goods Only (Percent Change) for Slovakia in year 2015 is 8.059 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Slovakia in year 2015 is 6.602 %.

Export Volumes of Goods Only (Percent Change) for Slovakia in year 2015 is 6.602 %.

Unemployment Rate (% of Labour Force) for Slovakia in year 2015 is 11.467 %.

Employment for Slovakia in year 2015 is 2.267 Million .

Population for Slovakia in year 2015 is 5.417 Million .

General government revenue (National Currency) for Slovakia in year 2015 is SKK 31.67 Billions.

General government revenue (% of GDP) for Slovakia in year 2015 is 40.566 %.

General government total expenditure (National Currency) for Slovakia in year 2015 is SKK 33.763 Billions.

General government total expenditure (% of GDP) for Slovakia in year 2015 is 43.247 %.

Total Government Net Lending/ Borrowing (National Currency) for Slovakia in year 2015 is SKK -2.093 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Slovakia in year 2015 is -2.681 %.

General Government Structural Balance (National Currency) for Slovakia in year 2015 is SKK -2.068 Billion.

General Government Structural Balance (% Potential GDP) for Slovakia in year 2015 is -2.641 %.

Fiscal Year Gross Domestic Product, Current Prices for Slovakia in year 2015 is SKK 78.071 Billions.

Current Account Balance (US Dollars) for Slovakia in year 2015 is US$ -0.996 Billion.

Current Account Balance (% GDP) for Slovakia in year 2015 is -1.149 %.