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 9.62 billion (2021)
International Monetary Fund (IMF), data retrieved January 2022

Gross Domestic Product - GDP

USD 116.75 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

GDP (Purchasing Power Parity)

USD 194.08 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

Real GDP growth
2017 2018 2019 2020 2021*
3% 3.7% 2.5% –4.8% 4.4%

*Estimate

GDP per capita - current prices

USD 21,383.29 (2021 estimate)
IMF - World Economic Outlook, October 2021

GDP per capita - PPP

USD 35,547.48 (2021 estimate)
IMF - World Economic Outlook, October 2021

GDP (PPP) - share of world total

0.13% (2021 estimate)
IMF - World Economic Outlook, October 2021

 
 
Source
GDP - composition by sector
  • agriculture: 2.2% 
  • industry: 26.4% 
  • services: 61.0%

(2020 estimate)

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

0.8% (2019)

Inflation
2017 2018 2019 2020 2021*
1.4% 2.5% 2.8% 2% 2.4%

*Estimate

Unemployment rate
2017 2018 2019 2020 2021*
8.1% 6.5% 5.8% 6.7% 6.8%

*Estimate

Household saving rates

5.1% (2020)

OECD, retrieved January 2022

 

Public debt (General government gross debt as a % of GDP)
2017 2018 2019 2020 2021*
51.6% 49.7% 48.2% 60.3% 61.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2017 2018 2019 2020 2021*
0.2% 0.2% –0.3% –5.1% –6.6%

*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

USD 5.4 billion (2014)
World Bank / Market capitalization

Largest companies

N/A

 
 
Source
Current account balance

USD -1.1 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

Current account balance by percentage of GDP

-0.92% (2021 estimate)
IMF - World Economic Outlook, October 2021

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

85.4% (2020)
World Bank - World Development Indicators (updated Feb 2022)

Shares in world total merchandising export

0.49% (2020)
United Nations Conference on Trade and Development (UNCTAD)

Shares in world total commercial services export

0.2% (2020)

Total exports

USD 89.7 billion (2020 estimate)

Export commodities

Cars and vehicle parts, video displays, broadcasting equipment, tires, refined petroleum (2019)

Total imports

USD 87.8 billion (2020 estimate)

 
 
Source
Import commodities

Cars and vehicle parts, broadcasting equipment, crude petroleum, natural gas, insulated wiring (2019)

Exports - major partners

Germany 22%, Czechia 11%, Poland 7%, France 7%, Hungary 6%, Austria 5%, United Kingdom 5% (2019)

Imports - major partners

Germany 18%, Czechia 18%, Poland 8%, Hungary 7%, Russia 5% (2019)

FDI inflows
2019 2020 2021
USD 1.7 billion USD 2.4 billion USD –1.9 billion
FDI outflows
2019 2020 2021
USD 322 billion USD 153 billion USD 233 billion
Value of cross-border M&A, by country of purchaser

N/A

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: 45 out of 190 countries (2020)

Subcategories:

Starting a Business: 118 out of 190 countries
Dealing with Construction Permits: 146 out of 190 countries
Getting Electricity: 54 out of 190 countries
Registering Property: 8 out of 190 countries
Getting Credit: 48 out of 190 countries
Protecting Minority Investors: 88 out of 190 countries
Paying Taxes: 55 out of 190 countries
Trading across Borders: 1 out of 190 countries
Enforcing Contracts: 46 out of 190 countries
Resolving Insolvency: 46 out of 190 countries
World Bank - Doing Business 2020

Global competitiveness ranking

35 out of 141 (2019)

Index of Economic Freedom

Ranking: 36 / Score: 69.7 (Moderately Free)
The Heritage Foundation - 2022 Index of Economic Freedom

 
 
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
 
 
Source
Urban population as % of total population
1960 1980 2000 2020
33.5% 51.6% 56.2% 53.8%
Population median age

41.8 years (2020 estimate)

Population growth rate

-0.1% (2022 est.)

Life expectancy

78.3 years (2020 estimate)

Literacy

N/A

% of population living on less than $3.10 a day

0.4% (last available estimate, 2019)

Inequality of wealth distribution (Gini index)

23.2 (last available estimate, 2019)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Total score: 90/100

Status: Free

Political Rights: 37/40

Civil Liberties: 53/60 (2022)

Source
Total telephone subscribers as % of population

Fixed: 11.9%

Mobile: 133.5% (2020)

(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

89.9% (2020)

Mercer Cost of living index

N/A

CO2 emissions

6.1 metric tons per capita (2018)

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