The Gross Domestic Product (GDP) in Slovakia expanded 0.40 percent in the third quarter of 2019 over the previous quarter. GDP Growth Rate in Slovakia averaged 0.96 percent from 1995 until 2019, reaching an all time high of 7.40 percent in the fourth quarter of 1998 and a record low of -9.10 percent in the first quarter of 2009. source: Statistical Office of the Slovak Republic

GDP Growth Rate in Slovakia is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Slovakia to stand at 0.70 in 12 months time. In the long-term, the Slovakia GDP Growth Rate is projected to trend around 0.70 percent in 2020, according to our econometric models.

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Slovakia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.30 7.40 -9.10 1995 - 2019 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-08-14 07:00 AM GDP Growth Rate QoQ Prel Q2 0.4% 0.7% 0.8%
2019-09-06 07:00 AM GDP Growth Rate QoQ Final Q2 0.5% 0.7% 0.4%
2019-11-14 08:00 AM GDP Growth Rate QoQ Prel Q3 0.4% 0.3% 0.4%
2019-12-05 08:00 AM GDP Growth Rate QoQ Final Q3 0.4% 0.5% 0.4%
2020-02-14 08:00 AM GDP Growth Rate QoQ Prel Q4 0.4% 0.4%


Slovakia GDP Growth Rate
Slovakia has been one of the fastest growing economies in Europe. Foreign direct investment, especially in the automotive and electronic sectors, fueled much of the growth. On the expenditure side, household consumption is the main component of GDP and accounts for 57 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (19 percent). Exports of goods and services account for 92 percent of GDP while imports account for 88 percent, adding 4 percent of total GDP.

Slovakia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.30 7.40 -9.10 percent [+]
GDP Annual Growth Rate 1.30 2.20 13.50 -6.00 percent [+]
GDP 106.47 95.62 106.47 5.80 USD Billion [+]
GDP Constant Prices 23.22 21.79 23.22 8.56 EUR Million [+]
Gross Fixed Capital Formation 5.05 4.78 5.88 2.24 EUR Billion [+]
GDP per capita 20669.90 19882.50 20669.90 7675.59 USD [+]
GDP per capita PPP 31326.30 30132.92 31326.30 11632.75 USD [+]
GDP From Agriculture 0.93 0.66 1.20 0.20 EUR Billion [+]
GDP From Construction 2069.00 1415.00 2113.00 600.00 EUR Million [+]
GDP From Manufacturing 4267.00 5524.00 5587.00 1019.00 EUR Million [+]
GDP From Public Administration 2.99 2.55 2.99 1.35 EUR Billion [+]
GDP From Services 4199.00 3736.00 4199.00 1820.00 EUR Million [+]