Economic forecasts for Slovakia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Slovakia economy.

 

Overview Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 0.90 0.8 0.8 0.7 0.7 0.5 percent
Unemployment Rate 5.90 5.8 5.6 5.4 5.4 5.1 percent
Inflation Rate 2.40 2 1.9 1.9 1.9 2.4 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade 8.50 323 235 181 172 49.73 EUR Million
Government Debt to GDP 51.90 50.5 50.5 50.5 50.5 48.2 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 1.23 1.21 1.19 1.17 1.15 1.07
Stock Market 332.10
points
329 317 306 296 223
Government Bond 10y 0.92
percent
0.99 1.13 1.28 1.45 2.39
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 0.90
percent
0.8 0.8 0.7 0.7 0.5
GDP Annual Growth Rate 3.50
percent
3 2.9 2.8 2.7 2.6
GDP 89.55
USD Billion
85.95 88.1 90.25 95 99
GDP Constant Prices 20511.24
EUR Million
20644 20694 20707 20713 20454
Gross Fixed Capital Formation 4.86
EUR Billion
3.64 3.82 4.49 4.6 4.31
GDP per capita 19237.95
USD
20130 20130 20130 20130 21040
GDP per capita PPP 29156.09
USD
28834 29041 29248 29454 28730
GDP From Agriculture 1.08
EUR Billion
0.51 0.59 1.03 0.65 0.69
GDP From Construction 1788.00
EUR Million
762 1136 1751 1681 1612
GDP From Manufacturing 4739.00
EUR Million
4758 4828 4779 4736 4706
GDP From Public Administration 2.44
EUR Billion
2 2.13 2.4 2.33 2.28
GDP From Services 3884.00
EUR Million
3414 3768 3828 3466 3512
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 5.90
percent
5.8 5.6 5.4 5.4 5.1
Employed Persons 2543.00
Thousand
2537 2538 2537 2532 2501
Unemployed Persons 163075.00 167939 172431 176420 180672 222954
Labor Force Participation Rate 92.00
percent
91.78 91.58 91.35 91.12 89.5
Long Term Unemployment Rate 4.90
percent
5.1 5.27 5.5 5.76 8.18
Youth Unemployment Rate 17.00
percent
16.49 16.58 16.97 17.52 23.41
Labour Costs 102.20
Index Points
110 107 103 110 109
Productivity 127.50
Index Points
105 113 126 119 118
Wages 1096.00
EUR/Month
1104 1057 1085 1071 1040
Wages in Manufacturing 1083.00
EUR/Month
1095 1052 1070 1063 1029
Minimum Wages 480.00
EUR/Month
480 480 480 480 560
Population 5.44
Million
5.45 5.45 5.45 5.45 5.45
Retirement Age Women 62.17 62 62 62 62 62
Retirement Age Men 62.17 62 62 62 62 62
Living Wage Family 630.00
EUR/Month
650 650 650 650 685
Living Wage Individual 445.00
EUR/Month
433 432 431 431 434
Part Time Employment 148.90
Thousand
147 147 147 146 142
Wages High Skilled 1390.00
EUR/Month
1440 1440 1440 1440 1500
Wage Growth 3.60
percent
2.23 1.41 0.71 3.8 3.3
Wages Low Skilled 610.00
EUR/Month
660 660 660 660 680
Employment Change 0.60
percent
0.33 0.17 0.12 0.08 0.16
Employment Rate 66.40
percent
66.28 66.19 66.07 65.92 64.29
Full Time Employment 2362.20
Thousand
2354 2350 2345 2340 2288

 

resource : tradingeconomics.com

Slovakia – Economic Forecasts – 2018-2020 Outlook

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