Markets Actual Q2 Q3 Q4 Q1 2020
Currency 1.12 1.12 1.11 1.11 1.1 1.09
Stock Market (points) 350.99 346 342 338 334 326
Government Bond 10y (%) 0.61 0.64 0.67 0.69 0.72 0.78
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.80 0.5 0.9 0.6 0.8 0.7
GDP Annual Growth Rate (%) 3.60 4.1 3.8 4.1 3.8 3.6
Unemployment Rate (%) 5.20 4.6 4.6 4.5 4.7 4.6
Inflation Rate (%) 2.70 1.9 2 2.1 2 2
Inflation Rate Mom (%) 0.60 0.3 0.15 0.4 0.4 0.4
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Balance of Trade (EUR Million) 284.00 430 550 -150 600 -50
Current Account (EUR Million) -158.00 -250 -20 -480 -480 -250
Current Account to GDP (%) -2.50 -0.9 -0.9 -0.9 -0.5 -0.5
Government Debt to GDP (%) 50.90 49.6 49.6 49.6 48.2 48.2
Government Budget (% of GDP) -1.00 -0.2 -0.2 -0.2 0.4 0.4
Business Confidence (Index Points) -5.70 -6 -8 -7 -6 -8
Consumer Confidence (Index Points) -7.00 -7.2 -7.5 -8 -9 -10
Retail Sales MoM (%) -1.80 0.29 0.29 0.5 0.5 0.4
Corporate Tax Rate (%) 21.00 21 21 21 21 21
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.80 0.5 0.9 0.6 0.8 0.7
GDP Annual Growth Rate (%) 3.60 4.1 3.8 4.1 3.8 3.6
GDP (USD Billion) 95.77 98 98 98 99 99
GDP Constant Prices (EUR Million) 21.96 21.63 22.61 22.86 22.8 23.69
Gross Fixed Capital Formation (EUR Billion) 5.43 5.07 4.89 5.65 5.64 5.86
GDP per capita (USD) 19897.15 20590 20590 20590 21040 21040
GDP per capita PPP (USD) 30155.15 31600 31600 31600 31750 31750
GDP From Agriculture (EUR Billion) 0.52 0.67 1.12 0.54 0.54 0.56
GDP From Construction (EUR Million) 2113.00 1302 2128 2200 2193 2279
GDP From Manufacturing (EUR Million) 5156.00 5576 5033 5367 5352 5561
GDP From Public Administration (EUR Billion) 2.63 2.42 2.53 2.74 2.73 2.84
GDP From Services (EUR Million) 3272.00 3806 3952 3406 3396 3529
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 5.20 4.6 4.6 4.5 4.7 4.6
Wages (EUR/Month) 1083.00 1171 1111 1204 1163 1244
Wages in Manufacturing (EUR/Month) 1063.00 1159 1098 1185 1148 1224
Minimum Wages (EUR/Month) 520.00 520 520 520 560 560
Retirement Age Women 62.42 62.42 62.42 62.67 63 63
Retirement Age Men 62.42 62.42 62.42 62.67 63 63
Living Wage Family (EUR/Month) 640.00 657 658 663 663 685
Wages High Skilled (EUR/Month) 1250.00 978 979 1295 1295 1338
Wage Growth (%) 3.50 3.5 3.6 3.6 3.6 3.3
Wages Low Skilled (EUR/Month) 678.00 561 562 702 702 726
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 2.70 1.9 2 2.1 2 2
Inflation Rate Mom (%) 0.60 0.3 0.15 0.4 0.4 0.4
Consumer Price Index CPI (Index Points) 172.50 172 173 173 176 176
Core Consumer Prices (Index Points) 124.30 125 125 125 127 127
Core Inflation Rate (%) 2.40 2 2.1 2.2 2.2 2
Producer Prices (Index Points) 109.60 110 112 111 114 116
Producer Prices Change (%) 3.30 3.6 3.7 3.9 3.9 3.6
CPI Housing Utilities (Index Points) 248.30 244 245 248 253 253
CPI Transportation (Index Points) 128.90 134 135 127 131 130
Food Inflation (%) 3.10 4.4 4.4 4 4 4.8
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (EUR Million) 284.00 430 550 -150 600 -50
Current Account (EUR Million) -158.00 -250 -20 -480 -480 -250
Current Account to GDP (%) -2.50 -0.9 -0.9 -0.9 -0.5 -0.5
Imports (EUR Million) 6433.00 6720 6690 6050 6690 6150
Exports (EUR Million) 6717.00 7150 7240 5900 7290 6100
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 50.90 49.6 49.6 49.6 48.2 48.2
Government Budget (% of GDP) -1.00 -0.2 -0.2 -0.2 0.4 0.4
Government Spending (EUR Billion) 4.45 3.67 3.71 4.63 4.62 4.8
Government Spending to GDP (%) 40.40 41.6 41.6 41.6 42 42
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 21.00 21 21 21 21 21
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 48.60 48.6 48.6 48.6 48.6 48.6
Social Security Rate For Companies (%) 35.20 35.2 35.2 35.2 35.2 35.2
Social Security Rate For Employees (%) 13.40 13.4 13.4 13.4 13.4 13.4
Business Actual Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) -5.70 -6 -8 -7 -6 -8
Industrial Production (%) 5.60 1.9 1.8 1.7 1.7 1.6
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) -7.00 -7.2 -7.5 -8 -9 -10
Retail Sales MoM (%) -1.80 0.29 0.29 0.5 0.5 0.4
Retail Sales YoY (%) 0.00 4.2 3.5 3.7 3.7 3.1
Consumer Spending (EUR Billion) 10.98 10.77 11.02 11.43 11.4 11.84
Bank Lending Rate (%) 2.83 2.57 2.57 2.57 2.82 2.82
Gasoline Prices (USD/Liter) 1.44 1.39 1.36 1.32 1.29 1.29
Housing Actual Q2 Q3 Q4 Q1 2020
Construction Output (%) 1.70 5.8 4.4 2.4 2.4 2.2


This page has 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.