Markets Actual Q2 Q3 Q4 Q1 2021
Currency 1.13 1.13 1.12 1.12 1.11 1.11
Stock Market (points) 358.46 351 343 336 329 315
Government Bond 10y (%) 0.25 0.28 0.31 0.34 0.37 0.44

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -5.20 -9.5 5.5 3.2 1.5 0.9
GDP Annual Growth Rate (%) -3.70 -12.3 -7.2 -5 0.2 5.5
Unemployment Rate (%) 6.60 6.5 7.2 8.3 8.7 6.8
Inflation Rate (%) 2.10 2.3 2.3 2.4 2.4 2.3
Inflation Rate Mom (%) 0.00 0.1 0.2 0.2 0.2 0.2
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -332.00 430 430 -50 -50 150
Current Account (EUR Million) -631.00 -400 -100 -570 -570 -590
Current Account to GDP (%) -2.90 -2.6 -2.6 -2.6 -2.8 -2.8
Government Debt to GDP (%) 48.00 55 55 55 58 58
Government Budget (% of GDP) -1.30 -6.4 -6.4 -6.4 -7.6 -7.6
Business Confidence (points) -28.70 -22 -19 -16 -12 -7
Consumer Confidence (points) -38.10 -37 -33 -28 -23 -16
Retail Sales MoM (%) -6.90 0.5 0.5 0.4 0.4 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 2021
GDP Growth Rate (%) -5.20 -9.5 5.5 3.2 1.5 0.9
GDP Annual Growth Rate (%) -3.70 -12.3 -7.2 -5 0.2 5.5
GDP (USD Billion) 111.00 115 115 115 122 122
GDP Constant Prices (EUR Million) 19.83 20.9 22.66 21.87 23.07 23.07
Gross Fixed Capital Formation (EUR Billion) 3.68 4.58 4.93 5.54 5.85 5.85
GDP per capita (USD) 20669.90 21500 21500 21500 22400 22400
GDP per capita PPP (USD) 31326.30 29918 31750 31750 29918 31103
GDP From Agriculture (EUR Billion) 0.48 0.63 0.9 0.41 0.43 0.43
GDP From Construction (EUR Million) 583.00 1357 2019 1820 1920 1920
GDP From Manufacturing (EUR Million) 4414.00 5298 4165 4208 4438 4439
GDP From Public Administration (EUR Billion) 2.85 2.44 2.91 2.87 3.03 3.03
GDP From Services (EUR Million) 3324.00 3583 4098 3297 3478 3479

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 6.60 6.5 7.2 8.3 8.7 6.8
Labour Costs (points) 134.80 124 118 118 118 122
Wages (EUR/Month) 1156.00 1161 1166 1263 1213 1298
Wages in Manufacturing (EUR/Month) 1117.00 1147 1150 1244 1196 1279
Minimum Wages (EUR/Month) 520.00 560 560 560 610 610
Population (Million) 5.46 5.47 5.47 5.47 5.48 5.48
Retirement Age Women 62.42 63 63 63 63 63
Retirement Age Men 62.42 63 63 63 63 63
Living Wage Family (EUR/Month) 640.00 660 662 663 663 682
Living Wage Individual (EUR/Month) 450.00 464 466 466 466 479
Wages Low Skilled (EUR/Month) 678.00 700 702 702 702 722
Wages High Skilled (EUR/Month) 1250.00 1290 1294 1295 1295 1331
Wage Growth (%) 3.30 3.2 3.5 3.6 3.6 2.8

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 2.10 2.3 2.3 2.4 2.4 2.3
Inflation Rate Mom (%) 0.00 0.1 0.2 0.2 0.2 0.2
Consumer Price Index CPI (points) 176.50 178 178 178 181 183
Harmonised Consumer Prices (points) 108.26 109 109 108 111 110
Core Consumer Prices (points) 127.20 128 129 127 130 130
Core Inflation Rate (%) 2.10 2.2 2.2 2 2 2
Producer Prices (points) 111.30 113 112 111 115 114
Producer Prices Change (%) 2.10 3 2.7 2.1 2.1 1.9
CPI Housing Utilities (points) 254.80 254 255 256 261 262
CPI Transportation (points) 121.90 131 135 132 130 135
Food Inflation (%) 4.30 1.9 1.9 1.7 1.7 2.4

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

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (EUR Million) -332.00 430 430 -50 -50 150
Current Account (EUR Million) -631.00 -400 -100 -570 -570 -590
Current Account to GDP (%) -2.90 -2.6 -2.6 -2.6 -2.8 -2.8
Imports (EUR Million) 6219.00 6890 6890 6150 6150 6250
Exports (EUR Million) 5887.00 7320 7320 6100 6100 6100

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 48.00 55 55 55 58 58
Government Budget (% of GDP) -1.30 -6.4 -6.4 -6.4 -7.6 -7.6
Government Budget Value (EUR Million) -874.00 -950 -950 -914 -914 -913
Government Spending (EUR Billion) 3.60 3.65 3.74 4.45 4.69 4.69
Government Spending to GDP (%) 42.80 50.5 50.5 50.5 46.3 46.3

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2021
Business Confidence (points) -28.70 -22 -19 -16 -12 -7
Industrial Production (%) -19.60 -21.5 -8.5 1.1 2.6 5.5

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Confidence (points) -38.10 -37 -33 -28 -23 -16
Retail Sales MoM (%) -6.90 0.5 0.5 0.4 0.4 0.4
Retail Sales YoY (%) -14.30 -15 -8 -3 2.5 6
Consumer Spending (EUR Billion) 11.90 10.37 12 11.97 12.62 12.63
Disposable Personal Income (EUR Million) 15450.00 13499 13830 14678 15481 15485
Consumer Credit (EUR Million) 6385.00 6362 6481 6292 6504 6638
Bank Lending Rate (%) 2.59 2.6 2.6 2.6 2.6 2.6
Gasoline Prices (USD/Liter) 1.20 1.36 1.29 1.23 1.16 1.11

Housing Actual Q2 Q3 Q4 Q1 2021
Construction Output (%) -3.10 2.4 2.4 2.2 2.2 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.