BEST BANKS 2014: EUROPE

BEST BANKS 2014: EUROPE

The region battled continuing recession or, at best, slow growth, a tightening regulatory environment and country-specific banking taxes or fines for past misdemeanors.

 
 
Source
Central bank

National Bank of Slovakia
Slovakia is part of the Eurosystem and the European Central Bank

International Reserves

US$ 2.153 billion (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 102 billion (2014 estimate)

GDP (Purchasing Power Parity)

138 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
4.8% 5% 6.7% 8.3% 10.5% 5.8% -4.9% 4.4%
2011 2012 2013 2014*        
3.0% 1.8% 0.9% 2.3%        

*Estimate

GDP per capita - current prices

US$ 18,792 (2014 estimate)

GDP per capita - PPP

$25,525 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
N/A N/A 0.14% 0.16% 0.165%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 3.1% 
  • industry: 30.8% 
  • services: 47% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

0.7% (2011)

Inflation
2011 2012 2013 2014*
4.1% 3.7% 1.5% 0.7%

*Estimate

Unemployment rate
2011 2012 2013 2014*
13.7% 14.0% 14.2% 13.9%

*Estimate

Household saving rates

3.0% (Net saving; 2014 forecast)

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
41.0% 43.4% 52.4% 54.9% 58.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-7.1% -5.1% -4.5% -3.0% -3.8%

*Estimate    

Government bond ratings

Standard & Poor's: A

Moody's rating: A2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$4.15 billion NA US$4.611 billion

 *2010 Estimate   **2012 Estimate 

Largest companies in Slovakia

N/A

 
 
Source
Current account balance

US$ 2.721 million (2014 estimate)

Current account balance by percentage of GDP

2.672% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

89.2% (2011)

Shares in world total merchandising export

0.44% (2012)

 

Shares in world total commercial services export

0.16% (2012)

Total exports

US$82.7 billion (2013 estimate) 

Export commodities

machinery and electrical equipment 35.9%, vehicles 21%, base metals 11.3%, chemicals and minerals 8.1%, plastics 4.9% (2009 est.)

Total imports

US$77.960 billion (2013 estimate) 

 
 
Source
Import commodities

machinery and transport equipment 31%, mineral products 13%, vehicles 12%, base metals 9%, chemicals 8%, plastics 6% (2009 est.)

Exports - major partners

Germany 22.3%, Czech Republic 14.9%, Poland 8.8%, Hungary 7.8%, Austria 7%, France 5.6%, Italy 4.9%, UK 4.1% (2012)

Imports - major partners

Germany 18.6%, Czech Republic 18%, Russia 9.9%, Austria 8%, Hungary 6.8%, Poland 6%, South Korea 4.1% (2012)

FDI inflows
2011 2012 2013
US$3,491 million US$2,826 million US$591 million
FDI outflows
2011 2012 2013  
US$713 million US$-73 million US$-422 million  
Value of cross-border M&A; by country of purchaser
2010 2011 2012 2013
US$10 million US$-18 million US$-30 million US$0
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 49 out of 189 countries (2013)

Subcategories:

Starting a business: 108 out of 189 countries

Enforcing Contracts: 65 out of 189 countries

Registering Property: 11 out of 189 countries

Getting credit: 42 out of 189 countries

Protecting investors: 115 out of 189 countries

Trading across border: 108 out of 189 countries

Paying Taxes: 102 out of 189 countries

Dealing with Construction Permits: 53 out of 189 countries

Getting Electricity: 65 out of 189 countries

Resolving Insolvency: 38 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

75

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 57    Score: 66.4 (Moderately Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+1

Total area

49,035 sq km

Capital

Bratislava 

Currency

euros (EUR) 

Government type

parliamentary democracy 

Languages

Slovak (official) 78.6%, Hungarian 9.4%, Roma 2.3%, Ruthenian 1%, other or unspecified 8.8% (2011 est.)

Religions

Roman Catholic 62%, Protestant 8.2%, Greek Catholic 3.8%, other or unspecified 12.5%, none 13.4% (2011 est.)

Total population
1990 2000 2010 2014* 2019*8
N/A 5.377 million 5.422 million 5.417 million 5.45 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
33.5% 52% 56% 54%
Population median age

39.2 years (2014 estimate)

Population growth rate

0.1% (2013 estimate)

Life expectancy

76.69 years (2014 estimate)

Adult literacy

99.6% (2004 estimate)

% of population living on less than $2 a day

0.5% (2011)

Inequality of wealth distribution (Gini index)

26.6 (2011)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2014)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

128.65% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

77.88% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Bratislava: 84th (2014)

Source
CO2 emissions(Metric tons of CO2 per capita)

6.7 (2010)

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