Slovakia’s gross domestic product advanced by 1.4% year-on-year in the third quarter of 2022, slightly above a preliminary estimate of 1.2% and following a 1.3% rise in the previous three-month period. The expansion was driven by consumer, investment and foreign demand. On the production side, growth was supported by the growing industry, in particular manufacturing, developments in real estate market and transportation, including storage. On a seasonally adjusted quarterly basis, the economy expanded by 0.4%, slightly above a preliminary reading of 0.3%, the same pace as in the previous quarter. source: Statistical Office of the Slovak Republic
GDP Annual Growth Rate in Slovakia averaged 3.47 percent from 1996 until 2022, reaching an all time high of 13.60 percent in the fourth quarter of 2007 and a record low of -10.90 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 December of 2022.
GDP Annual Growth Rate in Slovakia is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Slovakia GDP Annual Growth Rate is projected to trend around 2.50 percent in 2023 and 2.70 percent in 2024, according to our econometric models.