The Slovak economy shrank 2.4 percent from a year earlier in the third quarter of 2020, easing from a record 12.1 percent contraction in the previous three-month period and compared to market expectations of a 5.0 percent fall, a preliminary estimate showed. Activity and demand rebounded from the coronavirus shock, with key industries, especially automotive, providing strong support to the economy. Also, net external demand contributed positively to the GDP. On a seasonally adjusted quarterly basis, the economy grew by 11.7 percent in the July to September period. source: Statistical Office of the Slovak Republic
GDP Annual Growth Rate in Slovakia averaged 3.57 percent from 1996 until 2020, reaching an all time high of 13.60 percent in the fourth quarter of 2007 and a record low of -12.10 percent in the second quarter of 2020. This page provides - Slovakia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
GDP Annual Growth Rate in Slovakia is expected to be -5.00 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 7.50 in 12 months time. In the long-term, the Slovakia GDP Annual Growth Rate is projected to trend around 5.50 percent in 2021 and 3.90 percent in 2022, according to our econometric models.