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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