Slovakia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.80 1 0.9 0.9 0.8 0.5 percent [+]
Unemployment Rate 8.00 7.8 7.5 7.2 7 6.2 percent [+]
Inflation Rate 1.00 1.5 1.9 2.2 2.1 2.4 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 344.00 270 253 260 260 260 EUR Million [+]
Government Debt to GDP 52.90 53.17 52.85 52.52 52.47 52.08 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 1.07 1.06 1.05 1.04 1.03 0.86 [+]
Stock Market 308.53 305 302 293 296 247 points [+]
Government Bond 10y 0.39 0.56 0.56 0.57 0.57 0.66 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.80 1 0.9 0.9 0.8 0.5 percent [+]
GDP Annual Growth Rate 3.00 3.4 3.2 3 3 2.7 percent [+]
GDP 87.26 91.17 87.45 93.46 85.21 99 USD Billion [+]
GDP Constant Prices 19934.75 20138 20214 20278 20335 20556 EUR Million [+]
Gross Fixed Capital Formation 4.75 3.85 3.79 4.52 2.94 4.28 EUR Billion [+]
GDP per capita 18643.15 18774 18950 19125 19229 20866 USD [+]
GDP per capita PPP 27594.71 27637 27933 28230 28330 29437 USD [+]
GDP From Agriculture 0.59 0.73 0.73 0.73 0.73 0.73 EUR Billion [+]
GDP From Construction 1785.00 1258 1712 1732 889 1622 EUR Million [+]
GDP From Manufacturing 4469.00 4748 4702 4653 4700 4735 EUR Million [+]
GDP From Public Administration 2.39 2.13 2.19 2.36 1.98 2.29 EUR Billion [+]
GDP From Services 3314.00 3829 3816 3379 3483 3482 EUR Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 8.00 7.8 7.5 7.2 7 6.2 percent [+]
Employed Persons 2512.60 2532 2537 2541 2543 2562 Thousand [+]
Unemployed Persons 219149.00 212226 208162 202340 199258 184302 [+]
Labor Force Participation Rate 90.90 91.69 91.6 91.94 91.89 92.91 percent [+]
Long Term Unemployment Rate 5.60 4.74 4.65 4.45 4.37 3.83 percent [+]
Youth Unemployment Rate 19.10 18.35 18.14 18.04 17.99 17.95 percent [+]
Productivity 117.00 114 114 114 114 114 Index Points [+]
Labour Costs 113.00 105 98.09 113 109 113 Index Points [+]
Wages 971.00 1035 1011 1024 1018 1020 EUR/Month [+]
Wages in Manufacturing 958.00 1016 993 1006 1000 1002 EUR/Month [+]
Minimum Wages 435.00 405 436 425 448 490 EUR/Month [+]
Population 5.43 5.42 5.43 5.44 5.44 5.47 Million [+]
Retirement Age Women 62.00 61.53 61.51 61.48 61.3 59.99 [+]
Retirement Age Men 62.00 62 62 62 62 62 [+]
Employment Change 0.60 0.27 0.17 0.11 0.09 0.17 percent [+]
Employment Rate 65.10 65.98 66.01 66.09 66.23 66.75 percent [+]
Full Time Employment 2340.60 2348 2351 2351 2352 2355 Thousand [+]
Part Time Employment 148.70 151 153 155 157 175 Thousand [+]
Living Wage Family 727.00 771 779 776 777 777 EUR/Month [+]
Living Wage Individual 644.40 642 642 641 641 640 EUR/Month [+]
Wage Growth 3.70 3.7 3.97 4.1 3.98 3.3 percent [+]
Wages Low Skilled 626.00 602 598 594 591 575 EUR/Month [+]
Wages High Skilled 1190.00 1122 1110 1101 1093 1053 EUR/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 1.00 1.5 1.9 2.2 2.1 2.4 percent [+]
Inflation Rate Mom -0.10 0.4 0.5 0.4 -0.07 0.6 percent [+]
Harmonised Consumer Prices 100.42 100 101 101 101 102 Index Points [+]
Consumer Price Index CPI 164.00 164 164 165 165 168 Index Points [+]
Core Consumer Prices 118.20 119 119 119 119 119 Index Points [+]
Core Inflation Rate 1.70 0.4 0.6 0.8 1.68 1.6 percent [+]
GDP Deflator 102.69 102 102 102 102 102 Index Points [+]
Producer Prices 102.20 105 107 109 111 129 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 125.00 124 124 124 124 124 Index Points [+]
Food Inflation 1.90 1.51 1.49 1.5 1.5 1.5 percent [+]
Producer Prices Change 6.70 8.9 8.2 6.5 4.2 2.6 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Money Supply M0 10.65 10.64 10.64 10.64 10.64 10.64 EUR Billion [+]
Money Supply M1 43.20 44.36 45.21 46.05 46.89 55.78 EUR Billion [+]
Money Supply M2 56.70 57.54 58.2 58.87 59.53 66.84 EUR Billion [+]
Money Supply M3 56.90 57.71 58.35 58.99 59.64 66.72 EUR Billion [+]
Banks Balance Sheet 73058.00 72985 72994 72995 72996 72995 EUR Million [+]
Foreign Exchange Reserves 2691.40 2689 2685 2684 2684 2683 USD Million [+]
Loans to Private Sector 17671.00 18021 18293 18527 18733 19856 EUR Million [+]
Central Bank Balance Sheet 23250.00 23068 23044 23065 23049 23056 EUR Million [+]
Private Debt to GDP 120.73 122 123 123 123 130 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 344.00 270 253 260 260 260 EUR Million [+]
Exports 5987.00 5807 6135 5974 6038 6023 EUR Million [+]
Imports 5643.00 5661 5821 5722 5788 5762 EUR Million [+]
Current Account 55.90 -104 -54.4 -69.37 -64.81 -65.88 EUR Million [+]
Current Account to GDP 0.30 -0.4 -0.99 -0.9 -0.97 -0.64 percent [+]
External Debt 73.75 74.82 75.69 76.77 77.81 88.51 EUR Billion [+]
Terms of Trade 99.71 99.52 99.52 99.52 99.52 99.52 Index Points [+]
Foreign Direct Investment 693.50 278 276 275 275 275 EUR Million [+]
Capital Flows -157.64 540 805 889 912 920 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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 52.90 53.17 52.85 52.52 52.47 52.08 percent [+]
Government Budget -3.00 -2.5 -3.17 -1.8 -3.14 -0.6 percent of GDP [+]
Government Budget Value -336.97 -591 -590 -568 -574 -575 EUR Million [+]
Government Spending 4.24 3.51 3.63 4.28 3.38 4.26 EUR Billion [+]
Government Spending to GDP 45.60 44.39 45.52 46.65 46.66 49.63 percent [+]
Government Revenues 3004.29 8082 7265 6199 6825 6738 EUR Million [+]
Government Debt -329.00 626 320 219 397 490 EUR Million [+]
Fiscal Expenditure 3341.26 9515 8337 7288 8003 7873 EUR Million [+]
Asylum Applications 25.00 19.03 19.11 19.14 19.14 19.14 persons [+]
Military Expenditure 1164.20 1214 1247 1280 1282 1154 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence 4.00 3.4 6.13 6.4 6.17 0.5 [+]
Industrial Production 2.60 0.2 0.6 1.2 4.29 1.6 percent [+]
Manufacturing Production 2.20 3.37 3.36 3.35 3.34 3.34 percent [+]
Capacity Utilization 87.10 85.34 84.14 82.48 81.05 74.23 percent [+]
Car Registrations 9038.00 7389 7178 7332 7320 7312 Cars [+]
Changes In Inventories -0.47 0.18 1.04 -0.38 0.29 -0.17 EUR Billion [+]
Competitiveness Index 4.28 4.27 4.27 4.27 4.36 4.63 Points [+]
Competitiveness Rank 65.00 65 65 65 55 46 [+]
Ease of Doing Business 33.00 31 34 37 36 33 [+]
Electricity Production 2453.00 2092 2152 2199 2177 2174 Gigawatt-hour [+]
Corruption Index 51.00 50 50 50 49 47 Points [+]
Corruption Rank 54.00 54 53 53 54 54 [+]
New Orders 4430.80 4055 4209 4179 4165 4176 EUR Million [+]
Mining Production 7.40 0.97 0.09 -0.14 -0.2 -0.22 percent [+]
Industrial Production Mom -0.80 0.54 0.56 0.56 0.57 0.57 percent [+]
Steel Production 396.00 392 390 389 389 389 Thousand Tonnes [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence -7.40 -14.7 -11.85 -12.5 -14.85 -10.8 [+]
Retail Sales MoM -0.40 0.7 0.3 0.9 0.15 0.4 percent [+]
Retail Sales YoY 5.60 0.8 1 1.2 5.43 0.8 percent [+]
Consumer Spending 10.25 10.3 10.32 10.37 10.19 10.57 EUR Billion [+]
Disposable Personal Income 13234.00 12476 12404 12423 12418 12419 EUR Million [+]
Personal Savings 2270.00 1437 1269 1330 1308 1314 EUR Million [+]
Consumer Credit 5565.00 5695 5793 5891 5989 7066 EUR Million [+]
Bank Lending Rate 3.03 3.03 3 3 3.01 3.01 percent [+]
Economic Optimism Index 104.60 102 102 102 102 101 Index points [+]
Gasoline Prices 1.25 1.23 1.23 1.23 1.23 1.23 USD/Liter [+]
Households Debt To Income 57.55 60.62 61.68 62.73 63.87 77.18 percent [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Construction Output -10.70 -0.2 0.6 1.1 -13.52 2.2 percent [+]
Housing Index 113.40 115 115 115 114 114 Index Points [+]
Home Ownership Rate 89.30 89.69 89.38 89.08 89.04 88.68 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 21.00 22.72 22.72 22.72 21.07 20.85 percent [+]
Personal Income Tax Rate 25.00 24.9 24.85 24.81 24.81 24.77 percent [+]
Sales Tax Rate 20.00 19.99 19.99 19.99 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. 4/23/2017