Markets Actual Q1 Q2 Q3 Q4 2022
Currency 1.21 1.21 1.21 1.2 1.2 1.19
Stock Market (points) 356.42 349 342 334 327 313
Government Bond 10y (%) -0.04 0 0.01 0.01 0.02 0.03

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 0.20 -1.1 2.2 3.5 1.3 1
GDP Annual Growth Rate (%) -2.70 0.2 13.8 3.5 3.5 3.9
Unemployment Rate (%) 7.80 7.7 7.4 7.4 6.8 5.5
Inflation Rate (%) 0.70 1.2 1.2 1.2 1.3 1.5
Inflation Rate Mom (%) 0.30 0.2 0.2 0.2 0.2 0.2
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) 159.00 -50 -50 -50 150 150
Current Account (EUR Million) -186.30 -570 -570 -570 -590 -590
Current Account to GDP (%) -2.90 -2.8 -2.8 -2.8 -2.8 -2.4
Government Debt to GDP (%) 48.00 58 58 58 58 60
Government Budget (% of GDP) -1.30 -7.6 -7.6 -7.6 -7.6 -5.8
Business Confidence (points) -5.30 -2 -1.5 -1 -0.5 0.5
Consumer Confidence (points) -38.40 -23 -20 -18 -16 -11
Retail Sales MoM (%) -0.80 1 0.5 -0.3 0.5 0.3
Corporate Tax Rate (%) 21.00 21 21 21 21 21
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 0.20 -1.1 2.2 3.5 1.3 1
GDP Annual Growth Rate (%) -2.70 0.2 13.8 3.5 3.5 3.9
GDP (USD Billion) 105.42 104 104 104 104 107
GDP Constant Prices (EUR Million) 22.65 19.84 22.41 23.45 23.45 24.36
Gross Fixed Capital Formation (EUR Billion) 4.54 3.64 4.38 4.7 4.7 4.88
GDP per capita (USD) 21039.30 20500 20500 20500 20500 21100
GDP per capita PPP (USD) 32792.60 31750 32800 32800 32800 33300
GDP From Agriculture (EUR Billion) 0.95 0.47 0.6 0.98 0.98 1.02
GDP From Construction (EUR Million) 1445.00 571 1179 1496 1496 1554
GDP From Manufacturing (EUR Million) 3878.00 4266 3941 4014 4014 4170
GDP From Public Administration (EUR Billion) 3.11 2.84 3.13 3.22 3.22 3.34
GDP From Services (EUR Million) 3945.00 3321 3694 4083 4083 4242

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 7.80 7.7 7.4 7.4 6.8 5.5
Labour Costs (points) 117.40 140 136 122 121 124
Wages (EUR/Month) 1282.00 1198 1170 1231 1318 1355
Wages in Manufacturing (EUR/Month) 1260.00 1157 1149 1211 1295 1332
Minimum Wages (EUR/Month) 623.00 620 620 620 620 670
Population (Million) 5.46 5.48 5.48 5.48 5.48 5.49
Retirement Age Women 62.67 62.83 62.83 62.83 62.83 62.83
Retirement Age Men 62.67 62.83 62.83 62.83 62.83 62.83
Wage Growth (%) 2.70 3.6 3.6 3.6 2.8 2.8

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 0.70 1.2 1.2 1.2 1.3 1.5
Inflation Rate Mom (%) 0.30 0.2 0.2 0.2 0.2 0.2
Consumer Price Index CPI (points) 177.60 179 179 179 179 182
Harmonised Consumer Prices (points) 109.00 110 110 110 110 112
Core Consumer Prices (points) 128.70 130 130 130 130 133
Core Inflation Rate (%) 1.20 2 2 2 2 2
Producer Prices (points) 106.60 107 109 107 120 108
Producer Prices Change (%) -0.10 0.4 0.6 0.8 1 0.9
CPI Housing Utilities (points) 251.40 258 258 259 259 263
CPI Transportation (points) 128.30 128 123 125 126 128
Food Inflation (%) -0.50 1.7 1.7 1.7 2.4 2.4

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.00 0 0 0 0 0

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (EUR Million) 159.00 -50 -50 -50 150 150
Current Account (EUR Million) -186.30 -570 -570 -570 -590 -590
Current Account to GDP (%) -2.90 -2.8 -2.8 -2.8 -2.8 -2.4
Imports (EUR Million) 6334.00 6150 6150 6150 6250 6250
Exports (EUR Million) 6493.00 6100 6100 6100 6100 6100

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 48.00 58 58 58 58 60
Government Budget (% of GDP) -1.30 -7.6 -7.6 -7.6 -7.6 -5.8
Government Budget Value (EUR Million) -187.80 -914 -914 -914 -913 -913
Government Spending (EUR Billion) 3.85 3.61 3.99 3.98 3.98 4.14
Government Spending to GDP (%) 42.80 46.3 46.3 46.3 46.3 43.2

Taxes Actual Q1 Q2 Q3 Q4 2022
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 Q1 Q2 Q3 Q4 2022
Business Confidence (points) -5.30 -2 -1.5 -1 -0.5 0.5
Industrial Production (%) 6.80 2.6 4.8 4.8 5.5 2.2

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) -38.40 -23 -20 -18 -16 -11
Retail Sales MoM (%) -0.80 1 0.5 -0.3 0.5 0.3
Retail Sales YoY (%) -0.60 3.5 4.2 3.5 4 4
Consumer Spending (EUR Billion) 12.47 11.95 13.31 12.91 12.91 13.41
Disposable Personal Income (EUR Million) 14712.00 13483 15748 15227 15227 15821
Consumer Credit (EUR Million) 6026.00 6504 7165 6427 6237 6480
Bank Lending Rate (%) 2.24 2.35 2.35 2.35 3.32 2.35
Gasoline Prices (USD/Liter) 1.52 1.39 1.32 1.25 1.19 1.13

Housing Actual Q1 Q2 Q3 Q4 2022
Construction Output (%) 2.10 0.5 1.1 2.8 1.9 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.