Unemployment Rates Around the World 2020

Unemployment Rates Around the World 2020

Unemployment is simple enough to understand: it is an economic condition in which individuals seeking jobs remain un-hired. Yet measuring how many people are unemployed at any given moment in any given country is rather complex.

 
 
Source
Central bank

National Bank of Slovakia

International Reserves

USD 5.2 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 106.6 billion (2018, estimate)

IMF - World Economic Outlook, October 2019

GDP (Purchasing Power Parity)

Intl$ 191.2 billion (2018, estimate)

Real GDP growth
 
2014 2015 2016 2017* 2018*
2.8% 4.2% 3.1% 3.2% 4.1%

*Estimate

2006 2007 2008 2009 2010 2011 2012 8.5% 10.8% 5.7% -5.5% 5.1% 2.8% 1.5% 2013 2014 2015 2016* 2017*     1.4% 2.5% 3.6% 3.4% 3.3%    

*Estimate

GDP per capita - current prices

USD 19,581.6 (2018, estimate)

GDP per capita - PPP

Intl$ 35,129.8 (2018, estimate)

GDP (PPP) - share of world total

0.14% (2019, estimate)

 
 
Source
GDP - composition by sector
  • agriculture: 3% 
  • industry: 31.3% 
  • services: 55.5%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

0.9% (2017)

Inflation
2014 2015 2016 2017* 2018*
-0.3% -0.5% 1.4% 2.5% 2.6%

*Estimate

Unemployment rate
2014 2015 2016 2017* 2018*
11.5% 9.7% 8.1% 6.0% 6.6%

*Estimate

Household saving rates

2.4% (2017)

 

Public debt (General government gross debt as a % of GDP)
2014 2015 2016 2017* 2018*
52.2% 51.8% 51.0% 48.9% 48.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2014 2015 2016 2017* 2018*
-2.6% -2.2% -0.8% -0.7% -0.8%

*Estimate

Government bond ratings

Standard & Poor's: A+

Moody's: A2

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares

N/A

Largest companies

N/A

 
 
Source
Current account balance

USD -0.6 billion (2017 estimate)

Current account balance by percentage of GDP

-0.6% (2017 estimate)

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

93.5% (2015)

Shares in world total merchandising export

0.5% (2015)

Shares in world total commercial services export

0.2% (2015)

Total exports

USD 74.4 billion (2016 estimate)

Export commodities

Vehicles and related parts 27%, machinery and electrical equipment 20%, nuclear reactors and furnaces 12%, iron and steel 4%, mineral oils and fuels 5% (2015 estimate)

Total imports

USD 71.5 billion (2016 estimate)

 
 
Source
Import commodities

Machinery and electrical equipment 20%, vehicles and related parts 14%, nuclear reactors and furnaces 12%, fuel and mineral oils 9% (2015 estimate)

Exports - major partners

Germany 22.7%, Czech Republic 12.5%, Poland 8.5%, Austria 5.7%, Hungary 5.7%, France 5.6%, UK 5.5%, Italy 4.5% (2015)

Imports - major partners

Germany 19.4%, Czech Republic 17.4%, Austria 9.1%, Hungary 6.3%, Poland 6.3%, South Korea 5.5%, Russia 5.2%, China 4.1% (2015)

FDI inflows
2016 2017 2018
USD 951.3 billion USD 1,231.0 billion USD 865.3 billion
FDI outflows
2016 2017 2018
USD 951.3 billion USD 1,231.0 billion USD 865.3 billion
Value of cross-border M&A, by country of purchaser
2016 2017 2018
USD 951.3 billion USD 1,231.0 billion USD 865.3 billion
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

Best countries for doing business

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

Overall ranking: 33 out of 190 countries (2017)

Subcategories:

Starting a business: 68 out of 190 countries

Enforcing Contracts: 82 out of 190 countries

Registering Property: 7 out of 190 countries

Getting Credit: 44 out of 190 countries

Protecting Minority Investors: 87 out of 190 countries

Trading Across Borders: 1 out of 190 countries

Paying Taxes: 56 out of 190 countries

Dealing with Construction Permits: 103 out of 190 countries

Getting Electricity: 53 out of 190 countries

Resolving Insolvency: 35 out of 190 countries

Global competitiveness ranking

65 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 56 / Score: 66.55 (Moderately free) (2016)

(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 republic

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 2015 2020*
N/A 5.4 million 5.39 million 5.42 million 5.46 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
33.5% 51.6% 56.2% 53.7%
Population median age

41 years (2018 estimate)

Population growth rate

-0.02% (2018 estimate)

Life expectancy

77.4 years (2018 estimate)

Literacy

N/A

% of population living on less than $3.10 a day

1% (last available estimate, 2015)

Inequality of wealth distribution (Gini index)

26.5 (last available estimate, 2015)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2019)                         

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

Source
Total telephone subscribers as % of population

Fixed: 13.3% Mobile: 132.8% (2018)

(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

80.66 % (2018)

Mercer Cost of living index

Bratislava: 131st (2019)

CO2 emissions

5.66 metric tons per capita (2014)

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