Slovakia GDP Growth Rate  1997-2016 | Data | Chart | Calendar | Forecast

Slovakia's economy expanded by 1 percent on the quarter in the three months to December of 2015, keeping the pace from the previous three-month period and remaining the highest growth rate since the last quarter of 2009. Compared to the same quarter a year earlier, the GDP advanced 4.3 percent, accelerating from 3.7 percent growth in the previous period, as household consumption (+2.9 percent) and fixed investment (+19.4 percent) were the main drivers of growth, while government expenditure advanced at a slower pace (+3.2 percent) and net external demand dragged growth down. Considering full 2015, the economy expanded 3.6 percent. GDP Growth Rate in Slovakia averaged 0.92 percent from 1997 until 2015, reaching an all time high of 9 percent in the fourth quarter of 1998 and a record low of -7.60 percent in the first quarter of 2009. GDP Growth Rate in Slovakia is reported by the Statistical Office of the Slovak Republic.

Slovakia GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.90 9.00 -7.60 1997 - 2015 percent Quarterly
Slovakia has been one of the fastest growing economies in Europe. Foreign direct investment, especially in the automotive and electronic sectors, fueled much of the growth until 2008. In 2011, the Slovak automotive industry reached production levels of more than a million cars per year. On the expenditure side, household consumption is the main component of GDP and accounts for 57 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (19 percent). Exports of goods and services account for 92 percent of GDP while imports account for 88 percent, adding 4 percent of total GDP. This page provides - Slovakia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-04 08:00 AM Q3 0.9% 0.9% 0.9% 0.9%
2016-02-12 08:00 AM Q4 1.0% 0.9% 1.1%
2016-03-08 08:00 AM Q4 1% 1% 1.0% 1.0%
2016-05-13 07:00 AM Q1 1% 0.25%
2016-06-06 07:00 AM Q1 1%
2016-08-15 07:00 AM Q2 0.91%

Slovakia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 0.90 9.00 -7.60 percent [+]
GDP Annual Growth Rate 4.30 3.70 13.50 -6.10 percent [+]
GDP 99.79 97.71 99.83 5.80 USD Billion [+]
GDP Constant Prices 19236.10 18993.10 19236.10 9847.00 EUR Million [+]
Gross Fixed Capital Formation 5.63 4.76 5.63 2.24 EUR Billion [+]
GDP per capita 15726.85 15371.31 15726.85 6781.46 USD [+]
GDP per capita PPP 26354.70 25758.90 26354.70 11364.22 USD [+]
GDP From Agriculture 0.56 1.15 1.15 0.20 EUR Billion [+]
GDP From Construction 2162.00 1932.00 2162.00 600.00 EUR Million [+]
GDP From Manufacturing 3861.00 3927.00 3927.00 1017.00 EUR Million [+]
GDP From Public Administration 2.38 2.16 2.62 1.35 EUR Billion [+]
GDP From Services 3226.00 3860.00 3860.00 1820.00 EUR Million [+]




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Iceland -1.10 Dec/15
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Norway -1.20 Dec/15
Brazil -1.40 Dec/15
Indonesia -1.83 Dec/15
Mozambique -2.10 Dec/15
Bolivia -9.72 Jun/15