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Slovak Republic GDP and Economic Data

Includes Slovak Republic real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Slovak Republic economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Slovak Republic best banks and safest banks are also available.

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.

 
 
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Central bank

National Bank of Slovakia

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International Reserves

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

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Gross Domestic Product - GDP

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

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GDP (Purchasing Power Parity)

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

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

*Estimate

Source
GDP per capita - current prices

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

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GDP per capita - PPP

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

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GDP (PPP) - share of world total

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

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

(2020 estimate)

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

0.8% (2019)

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

*Estimate

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

*Estimate

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Household saving rates

5.1% (2020)

OECD, retrieved January 2022

 

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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

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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

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Government bond ratings

Standard & Poor's: A+

Moody's: A2

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

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Market value of publicly traded shares

USD 5.4 billion (2014)
World Bank / Market capitalization

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Largest companies

N/A

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Current account balance

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

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Current account balance by percentage of GDP

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

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

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

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Shares in world total merchandising export

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

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Shares in world total commercial services export

0.2% (2020)

Source
Total exports

USD 89.7 billion (2020 estimate)

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Export commodities

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

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Total imports

USD 87.8 billion (2020 estimate)

Source
 
 
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Import commodities

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

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Exports - major partners

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

Source
Imports - major partners

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

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

N/A

Source
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

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

N/A

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

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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

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Global competitiveness ranking

35 out of 141 (2019)

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Index of Economic Freedom

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

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Time zone

UTC+1

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Total area

49,035 sq km

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Capital

Bratislava 

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Currency

Euros (EUR) 

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Government type

Parliamentary republic

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Languages

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

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Religions

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

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Total population
1990 2000 2010 2015 2020
N/A 5.4 million 5.39 million 5.42 million 5.46 million
Source
 
 
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Urban population as % of total population
1960 1980 2000 2020
33.5% 51.6% 56.2% 53.8%
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Population median age

41.8 years (2020 estimate)

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Population growth rate

-0.1% (2022 est.)

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Life expectancy

78.3 years (2020 estimate)

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Literacy

N/A

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% of population living on less than $3.10 a day

0.4% (last available estimate, 2019)

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Inequality of wealth distribution (Gini index)

23.2 (last available estimate, 2019)

(0=perfect equality, 100=absolute inequality)

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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)

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Internet users as % of total population

89.9% (2020)

Source
Mercer Cost of living index

N/A

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CO2 emissions

6.1 metric tons per capita (2018)

Source

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World's Best Subcustodian Banks

2013
2012
2011
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World’s Best Investment Banks

2004

World’s Best Foreign Exchange Providers

2013
2012
2010
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2004
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World's Best Banks By Region

2014
2013
2011
2003

World's Best Banks

2014
2013
2013

World’s Best Trade Finance Banks

2014
2012
2011
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Best of…

2012
2009
2005
2003

World's Biggest Banks

2010
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Additional Awards

2014
2012
2009
View all Slovak Republic GDP and Economic Data content