Slovakia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.70 0.9 1 0.9 0.9 0.5 percent [+]
Unemployment Rate 8.80 8.8 8.6 8.5 8.4 7.2 percent [+]
Inflation Rate 0.20 0.1 0.4 0.6 0.8 1.8 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 287.00 336 335 331 332 332 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 317.13 312 309 306 303 255 points [+]
Government Bond 10y 0.52 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 0.70 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 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 18507.83 18513 18674 18834 18995 20825 USD [+]
GDP per capita PPP 27394.20 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 8.80 8.8 8.6 8.5 8.4 7.2 percent [+]
Employed Persons 2503.40 2514 2529 2534 2536 2554 Thousand [+]
Unemployed Persons 238380.00 234534 228434 225312 222613 211982 [+]
Labor Force Participation Rate 90.50 90.77 91.46 91.32 91.59 92.42 percent [+]
Long Term Unemployment Rate 5.80 4.97 4.68 4.57 4.37 3.72 percent [+]
Youth Unemployment Rate 20.90 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 1166.00 978 981 980 980 980 EUR/Month [+]
Wages in Manufacturing 1149.00 997 949 979 954 963 EUR/Month [+]
Minimum Wages 405.00 405 405 405 425 490 EUR/Month [+]
Population 5.43 5.42 5.42 5.43 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 2341 2347 2349 2349 2353 Thousand [+]
Employment Change 0.60 0.28 0.16 0.1 0.07 0.15 percent [+]
Employment Rate 64.90 65.72 66.14 66.26 66.35 67.09 percent [+]
Part Time Employment 144.40 149 151 152 154 173 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 626.00 607 602 598 594 575 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 0.20 0.1 0.4 0.6 0.8 1.8 percent [+]
Inflation Rate Mom 0.10 0.3 0.4 0.5 0.4 0.6 percent [+]
Harmonised Consumer Prices 99.67 99.72 99.78 99.83 99.89 100 Index Points [+]
Consumer Price Index CPI 163.00 163 163 163 164 166 Index Points [+]
Core Consumer Prices 116.70 117 117 117 117 117 Index Points [+]
Core Inflation Rate 0.90 0.2 0.4 0.6 0.8 1.6 percent [+]
GDP Deflator 102.63 102 102 102 102 101 Index Points [+]
Producer Prices 94.50 93.05 92.8 92.59 92.41 91.37 Index Points [+]
Export Prices 99.70 99.84 99.84 99.84 99.84 99.84 Index Points [+]
Import Prices 100.20 100 100 100 100 100 Index Points [+]
Food Inflation -1.30 -2 -2.02 -2.03 -2.02 -2.02 percent [+]
Cpi Transportation 121.40 120 120 120 120 120 Index Points [+]
Producer Prices Change -4.70 -2.9 -1.5 -4.41 -0.4 1.5 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 10.58 18.15 21.55 25.02 28.56 77.01 EUR Billion [+]
Money Supply M1 42.50 51.77 56.39 61.15 66.06 138 EUR Billion [+]
Money Supply M2 55.90 65.19 69.73 74.48 79.44 154 EUR Billion [+]
Money Supply M3 56.10 65.04 69.18 73.39 77.68 134 EUR Billion [+]
Banks Balance Sheet 72021.00 72722 73196 73680 74173 80515 EUR Million [+]
Foreign Exchange Reserves 2743.10 2770 2768 2767 2767 2767 USD Million [+]
Loans to Private Sector 17318.00 17055 17160 17252 17332 17790 EUR Million [+]
Central Bank Balance Sheet 21979.00 21998 21992 22001 22003 22004 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 287.00 336 335 331 332 332 EUR Million [+]
Exports 6656.00 6046 5780 5890 5862 5864 EUR Million [+]
Imports 6369.00 5681 5527 5627 5566 5589 EUR Million [+]
Current Account 114.10 -72.1 -131 -113 -107 -81.29 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 99.55 99.54 99.54 99.54 99.54 99.54 Index Points [+]
Foreign Direct Investment 438.00 242 236 234 233 233 EUR Million [+]
Capital Flows 2886.81 2158 2033 1985 1968 1957 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 -980.26 -806 -772 -766 -771 -771 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 14275.92 5273 6980 7373 6834 6982 EUR Million [+]
Government Debt 158.00 309 658 392 404 509 EUR Million [+]
Fiscal Expenditure 15256.17 6835 8259 8530 8129 8244 EUR Million [+]
Asylum Applications 5.00 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 4.70 3.4 3.4 2.09 6.4 0.5 [+]
Industrial Production 2.40 -0.5 0.2 0.6 1.2 1.6 percent [+]
Manufacturing Production 3.20 6.15 7.16 6.63 7.06 7.25 percent [+]
Capacity Utilization 85.40 83.69 82.52 80.96 79.64 73.59 percent [+]
Car Registrations 7830.00 6786 6858 6867 6857 6859 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 1989.00 2103 2110 2108 2104 2106 Gigawatt-hour [+]
Corruption Index 51.00 53.65 54.36 55.07 55.78 67.05 Points [+]
Corruption Rank 50.00 52.22 51.98 51.74 51.5 49.86 [+]
Mining Production -14.50 0.26 -0.12 -0.23 -0.26 -0.27 percent [+]
Industrial Production Mom -0.50 0.7 0.72 0.54 0.58 0.58 percent [+]
New Orders 4283.10 4110 4006 4001 4034 4017 EUR Million [+]
Steel Production 414.00 397 392 391 390 390 Thousand Tonnes [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence -5.00 -14.7 -14.7 -12.09 -12.5 -10.8 [+]
Retail Sales MoM 1.20 0.7 0.7 0.3 0.9 0.4 percent [+]
Retail Sales YoY 3.90 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 5501.00 5597 5694 5791 5889 7058 EUR Million [+]
Bank Lending Rate 2.84 3.06 3.04 3.03 3.04 3.04 percent [+]
Economic Optimism Index 102.70 103 103 103 103 103 Index points [+]
Gasoline Prices 1.24 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 -22.10 -1.5 -0.2 0.6 1.1 2.2 percent [+]
Housing Index 109.35 113 114 115 116 125 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. 1/17/2017