Markets Actual Q4 Q1 Q2 Q3 2021
Currency 1.17 1.17 1.16 1.16 1.16 1.15
Stock Market (points) 355.39 344 337 330 323 309
Government Bond 10y (%) -0.25 0.03 0.06 0.09 0.13 0.2

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -8.30 5.5 3.2 1.5 1.1 0.9
GDP Annual Growth Rate (%) -12.10 -7.2 -5 0.2 13.8 5.5
Unemployment Rate (%) 7.60 8.2 8.3 7.7 7.4 6.8
Inflation Rate (%) 1.40 1.4 1.4 1.2 1.2 1.3
Inflation Rate Mom (%) -0.10 0.2 0.2 0.2 0.2 0.2
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) 332.70 430 -50 -50 -50 150
Current Account (EUR Million) 39.80 -100 -570 -570 -570 -590
Current Account to GDP (%) -2.90 -2.6 -2.6 -2.8 -2.8 -2.8
Government Debt to GDP (%) 48.00 55 55 58 58 58
Government Budget (% of GDP) -1.30 -6.4 -6.4 -7.6 -7.6 -7.6
Business Confidence (points) -9.00 -6 -3 -2 -1.5 -0.5
Consumer Confidence (points) -31.00 -31 -28 -23 -20 -16
Retail Sales MoM (%) 1.80 0.3 0.4 0.3 0.3 0.2
Corporate Tax Rate (%) 21.00 21 21 21 21 21
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -8.30 5.5 3.2 1.5 1.1 0.9
GDP Annual Growth Rate (%) -12.10 -7.2 -5 0.2 13.8 5.5
GDP (USD Billion) 105.42 92 92 104 104 104
GDP Constant Prices (EUR Million) 19.73 22.66 21.87 19.87 22.45 23.07
Gross Fixed Capital Formation (EUR Billion) 3.90 4.93 5.54 3.69 4.44 5.85
GDP per capita (USD) 21039.30 19300 19300 20500 20500 20500
GDP per capita PPP (USD) 32792.60 31750 31750 31750 32800 32800
GDP From Agriculture (EUR Billion) 0.55 0.9 0.41 0.48 0.62 0.43
GDP From Construction (EUR Million) 1064.00 2019 1820 584 1211 1920
GDP From Manufacturing (EUR Million) 3538.00 3937 4107 4423 4026 4333
GDP From Public Administration (EUR Billion) 2.76 2.91 2.87 2.85 3.14 3.03
GDP From Services (EUR Million) 3259.00 4098 3297 3331 3709 3479

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 7.60 8.2 8.3 7.7 7.4 6.8
Labour Costs (points) 130.90 119 134 140 140 138
Wages (EUR/Month) 1157.00 1166 1273 1198 1122 1309
Wages in Manufacturing (EUR/Month) 1132.00 1151 1256 1157 1098 1291
Minimum Wages (EUR/Month) 580.00 560 560 610 610 610
Population (Million) 5.46 5.47 5.47 5.48 5.48 5.48
Retirement Age Women 62.42 63 63 63 63 63
Retirement Age Men 62.42 63 63 63 63 63
Wage Growth (%) 3.00 3.5 3.6 3.6 3.6 2.8

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 1.40 1.4 1.4 1.2 1.2 1.3
Inflation Rate Mom (%) -0.10 0.2 0.2 0.2 0.2 0.2
Consumer Price Index CPI (points) 176.70 177 177 179 179 179
Harmonised Consumer Prices (points) 108.41 108 108 110 110 110
Core Consumer Prices (points) 127.30 129 127 130 130 130
Core Inflation Rate (%) 1.50 2.2 2 2 2 2
Producer Prices (points) 110.00 112 111 115 112 114
Producer Prices Change (%) 0.40 2.7 2.1 2.1 2.1 1.9
CPI Housing Utilities (points) 255.70 253 254 258 258 257
CPI Transportation (points) 124.80 134 131 128 123 133
Food Inflation (%) 1.00 1.9 1.7 1.7 1.7 2.4

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.00 0 0 0 0 0

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (EUR Million) 332.70 430 -50 -50 -50 150
Current Account (EUR Million) 39.80 -100 -570 -570 -570 -590
Current Account to GDP (%) -2.90 -2.6 -2.6 -2.8 -2.8 -2.8
Imports (EUR Million) 5551.00 6890 6150 6150 6150 6250
Exports (EUR Million) 5883.20 7320 6100 6100 6100 6100

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 48.00 55 55 58 58 58
Government Budget (% of GDP) -1.30 -6.4 -6.4 -7.6 -7.6 -7.6
Government Budget Value (EUR Million) -154.00 -950 -914 -914 -914 -913
Government Spending (EUR Billion) 3.50 3.74 4.45 3.6 3.98 4.69
Government Spending to GDP (%) 42.80 50.5 50.5 46.3 46.3 46.3

Taxes Actual Q4 Q1 Q2 Q3 2021
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 Q4 Q1 Q2 Q3 2021
Business Confidence (points) -9.00 -6 -3 -2 -1.5 -0.5
Industrial Production (%) -3.60 -8.5 1.1 2.6 4.8 5.5

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) -31.00 -31 -28 -23 -20 -16
Retail Sales MoM (%) 1.80 0.3 0.4 0.3 0.3 0.2
Retail Sales YoY (%) 1.50 -2 -0.5 3.5 4.2 2.2
Consumer Spending (EUR Billion) 11.69 12 11.97 11.92 13.31 12.63
Disposable Personal Income (EUR Million) 13838.00 13830 14678 13483 15748 15485
Consumer Credit (EUR Million) 6272.00 6481 6292 6504 7165 6638
Bank Lending Rate (%) 2.46 2.29 2.29 2.29 2.29 2.29
Gasoline Prices (USD/Liter) 1.38 1.16 1.1 1.05 0.99 0.94

Housing Actual Q4 Q1 Q2 Q3 2021
Construction Output (%) -13.30 -2 -0.3 0.5 1.1 1.9


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.