Slovakia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.70 0.8 0.9 1 0.9 0.6 percent [+]
Unemployment Rate 9.10 9.2 9 8.8 8.39 7.2 percent [+]
Inflation Rate -0.30 -0.2 0.1 0.4 0.6 1.8 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 456.00 290 336 335 331 332 EUR Million [+]
Government Debt to GDP 52.90 52.52 52.47 52.41 52.36 52.08 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.06 1.05 1.04 1.03 1.02 0.85 [+]
Stock Market 303.12 311 308 305 302 251 points [+]
Government Bond 10y 0.50 0.39 0.4 0.4 0.41 0.47 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.70 0.8 0.9 1 0.9 0.6 percent [+]
GDP Annual Growth Rate 3.00 3.6 3.2 3.4 3.2 2.7 percent [+]
GDP 86.58 88.88 90.53 91.17 85.82 99 USD Billion [+]
GDP Constant Prices 19556.01 19876 20014 20158 20298 21967 EUR Million [+]
Gross Fixed Capital Formation 4.11 6.06 2.92 4.24 4.79 5.8 EUR Billion [+]
GDP per capita 18507.83 18995 19105 19215 19325 20825 USD [+]
GDP per capita PPP 27394.20 28205 28388 28572 28755 31107 USD [+]
GDP From Agriculture 1.22 0.7 0.49 0.46 0.5 0.48 EUR Billion [+]
GDP From Construction 1738.00 2040 957 1285 1726 1887 EUR Million [+]
GDP From Manufacturing 4576.00 4522 4659 4797 4749 4808 EUR Million [+]
GDP From Public Administration 2.21 2.33 1.95 2.12 2.19 2.24 EUR Billion [+]
GDP From Services 3867.00 3351 3506 3830 3820 3507 EUR Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 9.10 9.2 9 8.8 8.39 7.2 percent [+]
Employed Persons 2490.80 2510 2514 2529 2534 2554 Thousand [+]
Unemployed Persons 246594.00 235802 236124 230254 227373 214759 [+]
Labor Force Participation Rate 90.40 90.7 90.77 91.46 91.32 92.42 percent [+]
Long Term Unemployment Rate 5.80 5.18 4.97 4.68 4.57 3.72 percent [+]
Youth Unemployment Rate 19.10 18.27 17.9 17.73 17.65 17.58 percent [+]
Labour Costs 104.00 111 108 105 98.15 110 Index Points [+]
Productivity 107.40 109 109 109 109 109 Index Points [+]
Wages 972.00 984 978 981 980 980 EUR/Month [+]
Wages in Manufacturing 960.00 997 949 979 954 963 EUR/Month [+]
Minimum Wages 405.00 405 405 405 405 490 EUR/Month [+]
Population 5.43 5.44 5.44 5.44 5.44 5.47 Million [+]
Retirement Age Women 61.00 61 61 61 61 61 [+]
Retirement Age Men 62.00 62 62 62 62 62 [+]
Full Time Employment 2328.40 2338 2341 2347 2349 2353 Thousand [+]
Employment Change 0.60 0.29 0.15 0.08 0.05 0.12 percent [+]
Employment Rate 64.90 65.43 65.72 66.14 66.26 67.09 percent [+]
Part Time Employment 144.40 147 149 151 152 173 Thousand [+]
Living Wage Family 1120.00 1100 1107 1104 1106 1105 EUR/Month [+]
Living Wage Individual 627.00 609 611 610 610 610 EUR/Month [+]
Wages Low Skilled 626.00 612 607 602 598 575 EUR/Month [+]
Wages High Skilled 1190.00 1150 1135 1122 1110 1053 EUR/Month [+]
Wage Growth 4.00 4.4 3.7 3.7 1.24 3.3 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate -0.30 -0.2 0.1 0.4 0.6 1.8 percent [+]
Inflation Rate Mom 0.20 0.3 0.3 0.4 0.5 0.6 percent [+]
Harmonised Consumer Prices 99.58 99.63 99.67 99.72 99.77 100 Index Points [+]
Consumer Price Index CPI 162.70 163 163 163 163 165 Index Points [+]
Core Consumer Prices 116.60 117 117 117 117 117 Index Points [+]
Core Inflation Rate 0.30 -0.1 0.2 0.4 0.6 1.6 percent [+]
GDP Deflator 102.63 102 102 102 102 101 Index Points [+]
Producer Prices 93.70 93.31 93.05 92.8 92.59 91.37 Index Points [+]
Export Prices 99.90 99.81 99.84 99.84 99.84 99.84 Index Points [+]
Import Prices 100.50 100 100 100 100 100 Index Points [+]
Food Inflation -3.20 -3.22 -3.2 -3.2 -3.2 -3.2 percent [+]
Cpi Transportation 120.80 121 121 121 121 121 Index Points [+]
Producer Prices Change -4.70 -4.2 -2.9 -1.5 -4.41 1.5 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Money Supply M0 10.54 14.82 18.16 21.57 25.05 77.07 EUR Billion [+]
Money Supply M1 41.90 47.29 51.79 56.41 61.17 137 EUR Billion [+]
Money Supply M2 55.60 60.85 65.18 69.73 74.48 154 EUR Billion [+]
Money Supply M3 55.80 60.98 65.04 69.18 73.39 134 EUR Billion [+]
Banks Balance Sheet 72021.00 72260 72722 73196 73680 80515 EUR Million [+]
Foreign Exchange Reserves 2769.20 2778 2770 2768 2767 2767 USD Million [+]
Loans to Private Sector 16791.00 16935 17055 17160 17252 17790 EUR Million [+]
Central Bank Balance Sheet 21964.00 21806 21998 21992 22001 22004 EUR Million [+]
Private Debt to GDP 120.73 121 122 123 123 130 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 456.00 290 336 335 331 332 EUR Million [+]
Exports 6392.00 5554 6046 5780 5890 5864 EUR Million [+]
Imports 5936.00 5420 5681 5527 5627 5589 EUR Million [+]
Current Account 159.10 -72.1 -131 -113 -107 -81.29 EUR Million [+]
Current Account to GDP 0.30 -0.4 -0.4 -0.4 -1.11 -0.64 percent [+]
External Debt 69.68 71.97 72.23 73.15 73.85 85.07 EUR Billion [+]
Terms of Trade 99.41 99.55 99.54 99.54 99.54 99.54 Index Points [+]
Foreign Direct Investment 438.00 269 242 236 234 233 EUR Million [+]
Capital Flows 2292.87 1703 1463 1385 1363 1353 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 Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 52.90 52.52 52.47 52.41 52.36 52.08 percent [+]
Government Budget -3.00 -2.5 -2.5 -2.5 -2.87 -0.6 percent of GDP [+]
Government Budget Value -622.16 -710 -806 -772 -766 -771 EUR Million [+]
Government Spending 3.57 4.21 3.3 3.5 3.62 4.23 EUR Billion [+]
Government Spending to GDP 45.60 46.65 46.66 46.68 46.69 49.63 percent [+]
Government Revenues 12327.30 9337 5273 6980 7373 6982 EUR Million [+]
Government Debt 158.00 217 309 658 392 509 EUR Million [+]
Fiscal Expenditure 12949.46 10188 6835 8259 8530 8244 EUR Million [+]
Asylum Applications 20.00 20.39 20 20.03 20.04 20.04 persons [+]
Military Expenditure 1164.20 1214 1247 1280 1282 1154 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence -1.00 2.8 3.4 3.4 0.6 0.5 [+]
Industrial Production 3.40 -1.9 -0.5 0.2 0.6 1.6 percent [+]
Manufacturing Production 3.20 5.19 6.15 7.16 6.63 7.25 percent [+]
Capacity Utilization 85.40 82.25 83.69 82.52 80.96 73.59 percent [+]
Car Registrations 7511.00 6986 6786 6858 6867 6859 Cars [+]
Changes In Inventories 0.12 -0.79 0.12 0.1 0.49 -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 35.6 35.88 36.02 36.16 36.89 [+]
Electricity Production 2032.00 2104 2103 2110 2108 2106 Gigawatt-hour [+]
Corruption Index 51.00 55.78 56.48 57.18 57.88 67.01 Points [+]
Corruption Rank 50.00 51.51 51.36 51.2 51.05 49.92 [+]
Mining Production 6.10 1.73 0.26 -0.12 -0.23 -0.27 percent [+]
Industrial Production Mom -3.90 4.16 0.91 0.73 0.53 0.58 percent [+]
New Orders 4399.00 3797 4150 4026 4033 4045 EUR Million [+]
Steel Production 446.00 413 397 392 391 390 Thousand Tonnes [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence -6.60 -15.2 -14.7 -14.7 -13.73 -10.8 [+]
Retail Sales MoM -0.60 1.1 0.7 0.7 0.3 0.4 percent [+]
Retail Sales YoY 0.80 0.8 0.9 0.8 1 0.8 percent [+]
Consumer Spending 10.17 11.87 12.17 12.87 14.1 25.76 EUR Billion [+]
Disposable Personal Income 11879.00 13596 11516 12355 12645 16968 EUR Million [+]
Personal Savings 1058.00 1177 1200 1192 1195 1194 EUR Million [+]
Consumer Credit 5398.00 5499 5597 5694 5791 7058 EUR Million [+]
Bank Lending Rate 3.05 3.08 3.06 3.04 3.03 3.04 percent [+]
Economic Optimism Index 102.90 102 103 103 103 103 Index points [+]
Gasoline Prices 1.19 1.19 1.18 1.18 1.19 1.19 USD/Liter [+]
Households Debt To Income 57.55 62.73 63.87 65.01 66.15 77.18 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Construction Output -22.10 -4.1 -1.5 -0.2 0.6 2.2 percent [+]
Housing Index 109.35 112 113 114 115 125 Index Points [+]
Home Ownership Rate 89.30 89.08 89.04 89 88.97 88.68 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/11/2016