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 8.60 8.8 8.6 8.5 8.4 7.2 percent [+]
Inflation Rate 0.70 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 -120.00 314 265 252 259 258 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 1.06 1.02 1.01 1 1.04 0.83 [+]
Stock Market 310.13 312 309 306 303 255 points [+]
Government Bond 10y 0.42 0.44 0.44 0.45 4.83 0.52 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 3.10 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 19807.53 20014 20158 20298 20429 21967 EUR Million [+]
Gross Fixed Capital Formation 4.04 2.92 4.24 4.79 5.64 5.8 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 1.22 0.49 0.46 0.5 0.49 0.48 EUR Billion [+]
GDP From Construction 1738.00 957 1285 1726 1995 1887 EUR Million [+]
GDP From Manufacturing 4576.00 4659 4797 4749 4721 4808 EUR Million [+]
GDP From Public Administration 2.21 1.95 2.12 2.19 2.3 2.24 EUR Billion [+]
GDP From Services 3867.00 3506 3830 3820 3411 3507 EUR Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 8.60 8.8 8.6 8.5 8.4 7.2 percent [+]
Employed Persons 2503.40 2514 2529 2534 2536 2554 Thousand [+]
Unemployed Persons 235455.00 232389 227693 224083 221142 209840 [+]
Labor Force Participation Rate 90.50 90.77 91.46 91.32 91.59 92.42 percent [+]
Long Term Unemployment Rate 5.60 5.02 4.74 4.65 4.45 3.83 percent [+]
Youth Unemployment Rate 20.40 17.9 17.73 17.65 17.61 17.58 percent [+]
Labour Costs 96.90 108 105 98.15 110 110 Index Points [+]
Productivity 123.70 109 109 109 109 109 Index Points [+]
Wages 1065.00 978 1035 1007 1022 1017 EUR/Month [+]
Wages in Manufacturing 1039.00 964 1013 991 1003 999 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 [+]
Full Time Employment 2341.20 2348 2354 2358 2359 2363 Thousand [+]
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 [+]
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 [+]
Wages Low Skilled 626.00 607 602 598 594 575 EUR/Month [+]
Wages High Skilled 1190.00 1135 1122 1110 1101 1053 EUR/Month [+]
Wage Growth 4.00 4.4 3.7 3.7 1.24 3.3 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 0.70 0.3 0.6 0.7 0.9 1.8 percent [+]
Inflation Rate Mom 0.30 0.3 0.4 0.5 0.4 0.6 percent [+]
Harmonised Consumer Prices 100.09 100 100 100 100 102 Index Points [+]
Consumer Price Index CPI 163.40 164 164 164 164 167 Index Points [+]
Core Consumer Prices 116.80 117 117 117 117 118 Index Points [+]
Core Inflation Rate 1.30 0.2 0.4 0.6 0.8 1.6 percent [+]
GDP Deflator 102.63 102 102 102 102 101 Index Points [+]
Producer Prices 94.90 96 98 100 102 116 Index Points [+]
Export Prices 100.10 100 100 100 100 100 Index Points [+]
Import Prices 101.10 101 101 101 101 101 Index Points [+]
Food Inflation 1.40 2.62 2.7 2.64 2.64 2.64 percent [+]
Cpi Transportation 123.30 124 124 124 124 124 Index Points [+]
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 10.74 10.67 10.67 10.67 10.67 10.67 EUR Billion [+]
Money Supply M1 43.30 44.06 45.01 45.94 46.87 57.48 EUR Billion [+]
Money Supply M2 56.40 57.04 57.71 58.37 59.04 67.04 EUR Billion [+]
Money Supply M3 56.60 57.21 57.86 58.51 59.16 66.91 EUR Billion [+]
Banks Balance Sheet 72935.00 72722 73196 73680 74173 80515 EUR Million [+]
Foreign Exchange Reserves 2738.20 2730 2727 2725 2725 2725 USD Million [+]
Loans to Private Sector 17074.00 17340 17508 17647 17769 18449 EUR Million [+]
Central Bank Balance Sheet 23076.00 22916 23127 23127 23139 23144 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 -120.00 314 265 252 259 258 EUR Million [+]
Exports 5420.00 6310 5717 6087 5885 5952 EUR Million [+]
Imports 5540.00 5756 5658 5769 5695 5726 EUR Million [+]
Current Account -426.40 -6.88 -91.27 -62.63 -70.88 -69.18 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 99.03 99.35 99.35 99.35 99.35 99.35 Index Points [+]
Foreign Direct Investment 693.50 242 236 234 233 233 EUR Million [+]
Capital Flows 1360.87 1444 1516 1541 1548 1551 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 [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
Weapons Sales 5.00 3.92 4.3 4.68 4.61 4.74 USD Million [+]
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 92.33 -499 -648 -622 -610 -617 EUR Million [+]
Government Spending 3.57 3.3 3.5 3.62 4.25 4.23 EUR Billion [+]
Government Spending to GDP 45.60 43.26 44.39 45.52 46.65 49.63 percent [+]
Government Revenues 1077.81 2739 8034 7304 6169 6726 EUR Million [+]
Government Debt 158.00 309 658 392 404 509 EUR Million [+]
Fiscal Expenditure 985.48 4375 9353 8292 7483 7955 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 9.30 3.4 3.4 2.09 6.4 0.5 [+]
Industrial Production 3.00 -0.5 0.2 0.6 1.2 1.6 percent [+]
Manufacturing Production 1.60 1.41 1.3 1.26 1.25 1.25 percent [+]
Capacity Utilization 87.10 83.81 85.34 84.14 82.48 74.23 percent [+]
Car Registrations 5410.00 6316 6869 6811 6754 6772 Cars [+]
Changes In Inventories 1.20 0.12 0.1 0.49 -0.68 -0.4 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 53.65 54.36 55.07 55.78 67.05 Points [+]
Corruption Rank 54.00 52.22 51.98 51.74 51.5 49.86 [+]
Mining Production 7.80 -0.38 -0.27 -0.35 -0.37 -0.38 percent [+]
Industrial Production Mom 0.40 0.63 0.61 0.59 0.59 0.59 percent [+]
New Orders 3748.60 4244 3995 4102 4068 4074 EUR Million [+]
Steel Production 429.00 404 394 391 390 390 Thousand Tonnes [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence -7.20 -14.7 -14.7 -12.09 -12.5 -10.8 [+]
Retail Sales MoM 0.70 0.7 0.7 0.3 0.9 0.4 percent [+]
Retail Sales YoY 4.30 0.9 0.8 1 1.2 0.8 percent [+]
Consumer Spending 10.17 12.17 12.87 14.1 14.92 25.76 EUR Billion [+]
Disposable Personal Income 11931.00 11516 12355 12645 14305 16968 EUR Million [+]
Personal Savings 1110.00 1200 1192 1195 1194 1194 EUR Million [+]
Consumer Credit 5518.00 5618 5717 5815 5914 7098 EUR Million [+]
Bank Lending Rate 2.68 2.66 2.73 2.74 2.74 2.74 percent [+]
Economic Optimism Index 103.40 104 104 105 105 105 Index points [+]
Gasoline Prices 1.29 1.25 1.25 1.24 1.24 1.24 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 -18.50 -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. 2/27/2017