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.

Ok
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.

Please Paste this Code in your Website
width
height
Slovakia GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-11-15 08:00 AM YoY Prel Q3 1.2% 1.3% 1.2% 1.5%
2022-12-06 08:00 AM YoY Final Q3 1.4% 1.3% 1.2% 1.2%
2023-02-15 08:00 AM YoY Prel Q4 1.4%


Related Last Previous Unit Reference
GDP Growth Rate 0.40 0.40 percent Sep 2022
GDP Annual Growth Rate 1.40 1.30 percent Sep 2022
GDP Constant Prices 23.77 22.67 EUR Million Sep 2022
Gross Fixed Capital Formation 4.94 4.17 EUR Billion Sep 2022
Full Year GDP Growth 3.00 -4.40 percent Dec 2021
GDP from Services 4394.00 4135.00 EUR Million Sep 2022
GDP from Public Administration 3.35 3.15 EUR Billion Sep 2022
GDP from Manufacturing 4308.00 4135.00 EUR Million Sep 2022
GDP from Construction 1291.00 1108.00 EUR Million Sep 2022
GDP from Agriculture 0.63 0.44 EUR Billion Sep 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.30 13.60 -10.90 1996 - 2022 percent Quarterly
NSA

News Stream
Slovakia Q3 GDP Growth Revised Slightly Higher
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.
2022-12-06
Slovak Q3 GDP Growth Matches Forecast
Slovakia’s gross domestic product advanced 1.2% year-on-year in the third quarter of 2022, the least so far this year, following a downwardly revised 1.3% expansion in the previous three-month period and matching market expectations. Still, it was the third consecutive quarter of economic expansion amid growth in domestic demand and motor vehicle industry development. On a seasonally adjusted quarterly basis, the economy rose 0.3%, the same pace as in the previous quarter.
2022-11-15
Slovakia Q2 GDP Revised Higher
Slovakia’s gross domestic product advanced 1.8 percent year-on-year in the second quarter of 2022, easing from the 3.1 percent growth in the previous three-month period and slightly above preliminary estimates of a 1.7 percent rise. The expansion of the Slovak economy was strongly supported by a 2.1 percent increase in domestic demand, with household consumption growing 4.1 percent, while gross capital formation grew by 5.7 percent. On the other hand, government expenditure fell by a sharp 7.2 percent, while foreign demand continued to decline in the second quarter. On a seasonally adjusted quarterly basis, the economy expanded by 0.5 percent, advancing from the 0.4 percent growth in the previous quarter and revised upwards from the preliminary reading of 0.4 percent.
2022-09-06