Slovakia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.80 0.9 1 0.9 0.9 0.5 percent [+]
Unemployment Rate 8.40 8.6 8.5 8.4 8.4 7.2 percent [+]
Inflation Rate 1.20 0.3 0.6 0.7 0.9 1.8 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 152.00 307 246 235 243 242 EUR Million [+]
Government Debt to GDP 52.90 53.5 53.17 52.85 52.52 52.08 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.08 1.04 1.03 1.02 1.01 0.84 [+]
Stock Market 307.10 303 300 297 291 245 points [+]
Government Bond 10y 0.59 0.4 0.41 0.41 0.42 0.48 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.80 0.9 1 0.9 0.9 0.5 percent [+]
GDP Annual Growth Rate 3.00 3.2 3.4 3.2 3 2.7 percent [+]
GDP 87.26 90.53 91.17 86.79 93.46 99 USD Billion [+]
GDP Constant Prices 19934.75 20065 20138 20214 20278 20556 EUR Million [+]
Gross Fixed Capital Formation 4.75 2.94 3.85 3.79 4.52 4.28 EUR Billion [+]
GDP per capita 18643.15 18513 18674 18834 18995 20825 USD [+]
GDP per capita PPP 27594.71 27376 27652 27928 28205 31107 USD [+]
GDP From Agriculture 0.59 0.75 0.73 0.73 0.73 0.73 EUR Billion [+]
GDP From Construction 1785.00 847 1258 1712 1732 1622 EUR Million [+]
GDP From Manufacturing 4469.00 4608 4748 4702 4653 4735 EUR Million [+]
GDP From Public Administration 2.39 1.96 2.13 2.19 2.36 2.29 EUR Billion [+]
GDP From Services 3314.00 3489 3829 3816 3379 3482 EUR Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 8.40 8.6 8.5 8.4 8.4 7.2 percent [+]
Employed Persons 2512.60 2518 2532 2537 2541 2562 Thousand [+]
Unemployed Persons 228665.00 223415 219554 214776 210610 195620 [+]
Labor Force Participation Rate 90.90 91 91.69 91.6 91.94 92.91 percent [+]
Long Term Unemployment Rate 5.60 5.02 4.74 4.65 4.45 3.83 percent [+]
Youth Unemployment Rate 20.10 19.72 19.41 19.26 19.2 19.14 percent [+]
Productivity 117.00 115 114 114 114 114 Index Points [+]
Labour Costs 113.00 108 105 98.09 113 113 Index Points [+]
Wages 984.00 978 1034 1006 1021 1016 EUR/Month [+]
Wages in Manufacturing 971.00 964 1016 992 1005 1001 EUR/Month [+]
Minimum Wages 435.00 405 405 431 425 490 EUR/Month [+]
Population 5.43 5.42 5.42 5.43 5.44 5.47 Million [+]
Retirement Age Women 62.00 61.55 61.53 61.51 61.48 59.99 [+]
Retirement Age Men 62.00 62 62 62 62 62 [+]
Employment Change 0.60 0.28 0.16 0.1 0.07 0.15 percent [+]
Employment Rate 65.10 65.72 66.14 66.26 66.35 67.09 percent [+]
Full Time Employment 2341.20 2348 2354 2358 2359 2363 Thousand [+]
Part Time Employment 140.90 144 146 147 149 165 Thousand [+]
Living Wage Family 727.00 794 771 779 776 777 EUR/Month [+]
Living Wage Individual 644.40 643 642 642 641 640 EUR/Month [+]
Wage Growth 3.70 3.4 3.7 3.97 4.1 3.3 percent [+]
Wages Low Skilled 626.00 607 602 598 594 575 EUR/Month [+]
Wages High Skilled 1190.00 1135 1122 1110 1101 1053 EUR/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.20 0.3 0.6 0.7 0.9 1.8 percent [+]
Inflation Rate Mom 0.50 0.3 0.4 0.5 0.4 0.6 percent [+]
Harmonised Consumer Prices 100.62 101 101 101 101 103 Index Points [+]
Consumer Price Index CPI 164.30 164 165 165 165 169 Index Points [+]
Core Consumer Prices 116.90 117 117 117 117 117 Index Points [+]
Core Inflation Rate 1.90 0.2 0.4 0.6 0.8 1.6 percent [+]
GDP Deflator 102.69 102 102 102 102 102 Index Points [+]
Producer Prices 101.70 96 98 100 102 116 Index Points [+]
Export Prices 100.70 100 100 100 100 100 Index Points [+]
Import Prices 101.00 101 101 101 101 101 Index Points [+]
Cpi Transportation 125.40 126 126 126 126 126 Index Points [+]
Food Inflation 2.40 2.85 2.97 2.9 2.9 2.9 percent [+]
Producer Prices Change -1.80 -0.2 0.6 1 1.4 2.6 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Money Supply M0 10.62 10.63 10.63 10.63 10.63 10.63 EUR Billion [+]
Money Supply M1 42.60 43.39 44.21 45.04 45.87 55.4 EUR Billion [+]
Money Supply M2 56.20 56.67 57.36 58.03 58.7 66.77 EUR Billion [+]
Money Supply M3 56.40 56.83 57.53 58.18 58.83 66.65 EUR Billion [+]
Banks Balance Sheet 73058.00 72995 72985 72994 72995 72995 EUR Million [+]
Foreign Exchange Reserves 2731.60 2729 2726 2725 2725 2724 USD Million [+]
Loans to Private Sector 17537.00 17620 17929 18174 18386 19578 EUR Million [+]
Central Bank Balance Sheet 22747.00 22535 22723 22722 22727 22730 EUR Million [+]
Private Debt to GDP 120.73 121 122 123 123 130 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 152.00 307 246 235 243 242 EUR Million [+]
Exports 5652.00 6395 5841 6145 6000 6043 EUR Million [+]
Imports 5500.00 5812 5714 5829 5756 5785 EUR Million [+]
Current Account -168.90 -8.17 -94.71 -65.57 -73.84 -72.15 EUR Million [+]
Current Account to GDP 0.30 -0.4 -0.4 -0.99 -0.9 -0.64 percent [+]
External Debt 72.37 72.23 73.15 73.85 74.83 85.07 EUR Billion [+]
Terms of Trade 99.71 99.52 99.52 99.52 99.52 99.52 Index Points [+]
Foreign Direct Investment 693.50 242 236 234 233 233 EUR Million [+]
Capital Flows -520.24 197 677 899 968 993 EUR Million [+]
Gold Reserves 31.69 31.69 31.69 31.69 31.69 31.69 Tonnes [+]
Crude Oil Production 0.20 0.2 0.2 0.2 0.2 0.2 BBL/D/1K [+]
Weapons Sales 5.00 3.92 4.3 4.68 4.61 4.74 USD Million [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 52.90 53.5 53.17 52.85 52.52 52.08 percent [+]
Government Budget -3.00 -2.5 -2.5 -3.17 -1.8 -0.6 percent of GDP [+]
Government Budget Value -407.69 -477 -641 -614 -599 -606 EUR Million [+]
Government Spending 4.24 3.32 3.51 3.63 4.28 4.26 EUR Billion [+]
Government Spending to GDP 45.60 43.26 44.39 45.52 46.65 49.63 percent [+]
Government Revenues 1798.58 2679 8050 7306 6155 6720 EUR Million [+]
Government Debt -329.00 239 626 320 219 490 EUR Million [+]
Fiscal Expenditure 2206.27 3759 9548 8295 7342 7894 EUR Million [+]
Asylum Applications 20.00 18.22 18.04 18.02 18.03 18.03 persons [+]
Military Expenditure 1164.20 1214 1247 1280 1282 1154 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 11.70 3.4 3.4 8.46 6.4 0.5 [+]
Industrial Production 7.60 -0.5 0.2 0.6 1.2 1.6 percent [+]
Manufacturing Production 6.30 5.64 5.76 5.81 5.82 5.82 percent [+]
Capacity Utilization 87.10 83.81 85.34 84.14 82.48 74.23 percent [+]
Car Registrations 8366.00 7435 7002 7024 7084 7077 Cars [+]
Changes In Inventories -0.47 0.24 0.18 1.04 -0.38 -0.17 EUR Billion [+]
Competitiveness Index 4.28 4.16 4.16 4.25 4.28 4.4 Points [+]
Competitiveness Rank 65.00 70.33 70.33 70.33 65.04 65.33 [+]
Ease of Doing Business 33.00 35.74 35.88 36.02 36.16 36.89 [+]
Electricity Production 2399.00 2235 2091 2151 2186 2164 Gigawatt-hour [+]
Corruption Index 51.00 51 50 50 50 47 Points [+]
Corruption Rank 54.00 52.22 51.98 51.74 51.5 49.86 [+]
New Orders 3782.30 4208 3936 4069 4018 4029 EUR Million [+]
Mining Production 19.10 2.49 0.68 0 -0.22 -0.3 percent [+]
Industrial Production Mom 0.40 0.63 0.61 0.59 0.59 0.59 percent [+]
Steel Production 396.00 400 392 390 389 389 Thousand Tonnes [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence -6.90 -14.7 -14.7 -12.11 -12.5 -10.8 [+]
Retail Sales MoM -0.40 0.7 0.7 0.3 0.9 0.4 percent [+]
Retail Sales YoY 7.40 0.9 0.8 1 1.2 0.8 percent [+]
Consumer Spending 10.25 10.03 10.3 10.32 10.37 10.57 EUR Billion [+]
Disposable Personal Income 13234.00 12202 12476 12404 12423 12419 EUR Million [+]
Personal Savings 2270.00 970 1437 1269 1330 1314 EUR Million [+]
Consumer Credit 5531.00 5597 5695 5794 5892 7072 EUR Million [+]
Bank Lending Rate 2.95 2.88 2.93 2.92 2.92 2.92 percent [+]
Economic Optimism Index 105.60 107 108 110 110 110 Index points [+]
Gasoline Prices 1.28 1.3 1.31 1.3 1.3 1.3 USD/Liter [+]
Households Debt To Income 57.55 59.57 60.62 61.68 62.73 77.18 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Construction Output -17.20 -1.5 -0.2 0.6 1.1 2.2 percent [+]
Housing Index 111.35 113 114 115 116 125 Index Points [+]
Home Ownership Rate 89.30 89.99 89.69 89.38 89.08 88.68 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 22.00 22 22 22 22 22 percent [+]
Personal Income Tax Rate 25.00 25 25 25 25 25 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate 48.60 48.6 48.6 48.6 48.6 48.6 percent [+]
Social Security Rate For Companies 35.20 35.2 35.2 35.2 35.2 35.2 percent [+]
Social Security Rate For Employees 13.40 13.4 13.4 13.4 13.4 13.4 percent [+]





Economic Forecasts for Slovakia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Slovakia economy. 3/26/2017