Markets Actual Q3 Q4 Q1 Q2 2022
Currency 1.18 1.18 1.17 1.17 1.16 1.15
Stock Market (points) 387.26 377 368 358 349 332
Government Bond 10y (%) -0.11 0.02 0.04 0.06 0.08 0.1

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 2.00 3.5 1.3 1 0.8 0.8
GDP Annual Growth Rate (%) 9.60 4.2 4.5 7.5 6.6 3.9
Unemployment Rate (%) 7.66 8 7.4 7 6.8 6.5
Inflation Rate (%) 3.80 2.8 2.4 2 1.8 1.7
Inflation Rate Mom (%) 0.40 0.3 0.1 0.6 0.6 -0.1
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -11.00 -50 150 -150 -150 -150
Current Account (EUR Million) -35.00 -570 -590 -590 -590 -590
Current Account to GDP (% of GDP) -0.40 -1.4 -1.4 -2.1 -2.1 -2.1
Government Debt to GDP (% of GDP) 60.60 58 58 58 58 60
Government Budget (% of GDP) -6.20 -7.1 -7.1 -5 -5 -5
Business Confidence (points) -1.00 -1 -0.5 -0.5 -0.5 0.5
Consumer Confidence (points) -18.80 -18 -16 -16 -16 -11
Retail Sales MoM (%) -1.20 -0.3 0.5 0.5 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 Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 2.00 3.5 1.3 1 0.8 0.8
GDP Annual Growth Rate (%) 9.60 4.2 4.5 7.5 6.6 3.9
GDP (USD Billion) 104.57 104 104 104 104 107
GDP Constant Prices (EUR Million) 21.90 23.57 23.49 21.36 23.34 24.41
Gross Fixed Capital Formation (EUR Billion) 4.08 4.75 5.17 3.52 4.35 5.37
GDP per capita (USD) 20007.55 20500 20500 20500 20500 21100
GDP per capita PPP (USD) 30330.04 32800 32800 32800 32800 33300
GDP From Agriculture (EUR Billion) 0.50 0.87 0.4 0.38 0.53 0.42
GDP From Construction (EUR Million) 1156.00 1605 1762 590 1232 1831
GDP From Manufacturing (EUR Million) 4267.00 3736 4163 4636 4549 4326
GDP From Public Administration (EUR Billion) 2.87 3.22 3.32 3.04 3.06 3.45
GDP From Services (EUR Million) 4489.00 4943 3758 4070 4785 3904

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 7.66 8 7.4 7 6.8 6.5
Labour Costs (points) 130.70 124 140 140 135 145
Wages (EUR/Month) 1270.00 1250 1285 1272 1308 1357
Wages in Manufacturing (EUR/Month) 1254.00 1230 1265 1245 1292 1334
Minimum Wages (EUR/Month) 623.00 620 620 670 670 670
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 (%) 8.10 5.2 2.8 3.2 3 3

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 3.80 2.8 2.4 2 1.8 1.7
Inflation Rate Mom (%) 0.40 0.3 0.1 0.6 0.6 -0.1
Consumer Price Index CPI (points) 183.40 182 181 182 185 184
Harmonised Consumer Prices (points) 111.70 111 110 112 113 113
Core Consumer Prices (points) 133.10 130 130 132 134 133
Core Inflation Rate (%) 4.50 2.2 2.3 1.7 1.7 2
Producer Prices (points) 114.30 107 120 110 113 109
Producer Prices Change (%) 5.50 0.8 1 1 1 0.9
CPI Housing Utilities (points) 261.20 263 262 257 263 267
CPI Transportation (points) 138.60 127 128 136 136 130
Food Inflation (%) 3.60 1 1.4 0.9 0.9 1.4

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

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (EUR Million) -11.00 -50 150 -150 -150 -150
Current Account (EUR Million) -35.00 -570 -590 -590 -590 -590
Current Account to GDP (% of GDP) -0.40 -1.4 -1.4 -2.1 -2.1 -2.1
Imports (EUR Million) 6745.00 6150 6250 6250 6250 6250
Exports (EUR Million) 6735.00 6100 6100 6100 6100 6100

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 60.60 58 58 58 58 60
Government Budget (% of GDP) -6.20 -7.1 -7.1 -5 -5 -5
Government Budget Value (EUR Million) -239.40 -914 -913 -913 -913 -913
Government Spending (EUR Billion) 4.05 4.04 5.09 3.84 4.31 5.29
Government Spending to GDP (% of GDP) 48.00 46.3 46.3 46.3 46.3 43.2

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2022
Business Confidence (points) -1.00 -1 -0.5 -0.5 -0.5 0.5
Industrial Production (%) 7.80 4.8 5.5 5.5 5.5 2.2

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) -18.80 -18 -16 -16 -16 -11
Retail Sales MoM (%) -1.20 -0.3 0.5 0.5 0.5 0.3
Retail Sales YoY (%) 1.50 1.5 2.2 2.5 2.3 2.7
Consumer Spending (EUR Billion) 12.35 13.08 13.01 12.15 13.17 13.51
Disposable Personal Income (EUR Million) 13837.00 15330 16096 14875 14750 17607
Consumer Credit (EUR Million) 5762.00 6471 6297 6282 6143 6543
Bank Lending Rate (%) 2.43 2.43 2.43 2.43 2.43 2.43
Gasoline Prices (USD/Liter) 1.68 1.6 1.52 1.44 1.37 1.3

Housing Actual Q3 Q4 Q1 Q2 2022
Construction Output (%) -3.90 2.8 1.9 1.9 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.