Slovakia's annual economic growth was confirmed at 3.7 percent in the first quarter of 2019, slightly above the previous three-month period's expansion of 3.6 percent. Net external demand was the main contributor to the expansion as exports rose 7.2 percent (vs 4.7 percent in Q4 2018), faster than a 6.4 percent increase in imports (vs 7.8 percent in Q4). On the other hand, domestic demand growth slowed to 2.3 percent from 5.8 percent, in particular household consumption (1.0 percent vs 3.4 percent), fixed investment (2.1 percent vs 9.0 percent) and government spending (1.5 percent vs 3.8 percent). On a seasonally adjusted quarterly basis, the economy grew 0.9 percent. GDP Annual Growth Rate in Slovakia averaged 3.96 percent from 1996 until 2019, reaching an all time high of 13.50 percent in the fourth quarter of 2007 and a record low of -6 percent in the second quarter of 2009.

GDP Annual Growth Rate in Slovakia is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Slovakia to stand at 3.40 in 12 months time. In the long-term, the Slovakia GDP Annual Growth Rate is projected to trend around 3.30 percent in 2020, according to our econometric models.

Slovakia GDP Annual Growth Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-02-14 08:00 AM GDP Growth Rate YoY Prel Q4 3.6% 4.6% 3.6% 4.3%
2019-03-07 08:00 AM GDP Growth Rate YoY Final Q4 3.6% 4.6% 3.6% 3.6%
2019-05-15 07:00 AM GDP Growth Rate YoY Prel Q1 3.7% 3.6% 3.6% 3.9%
2019-06-06 07:00 AM GDP Growth Rate YoY Final Q1 3.7% 3.6% 3.7% 3.7%
2019-08-14 07:00 AM GDP Growth Rate YoY Prel Q2 3.7% 3.5%
2019-09-06 07:00 AM GDP Growth Rate YoY Final Q2 3.7% 3.5%
2019-11-14 08:00 AM GDP Growth Rate YoY Prel Q3 3.3%


Slovakia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 0.80 7.40 -9.10 percent [+]
GDP Annual Growth Rate 3.70 3.60 13.50 -6.00 percent [+]
GDP 106.47 95.62 106.47 5.80 USD Billion [+]
GDP Constant Prices 20.07 21.96 22.33 8.56 EUR Million [+]
Gross Fixed Capital Formation 3.91 5.43 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 0.54 0.52 1.20 0.20 EUR Billion [+]
GDP From Construction 887.00 2113.00 2113.00 600.00 EUR Million [+]
GDP From Manufacturing 5264.00 5156.00 5587.00 1019.00 EUR Million [+]
GDP From Public Administration 2.42 2.63 2.67 1.35 EUR Billion [+]
GDP From Services 3382.00 3272.00 3903.00 1820.00 EUR Million [+]


Slovakia GDP Annual Growth Rate

In Slovakia, the most important industries are engineering, chemical, electrotechnical engineering, wood-processing and food industry. 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. This page provides - Slovakia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.60 13.50 -6.00 1996 - 2019 percent Quarterly
NSA




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


Related

Latest