Slovakia GDP Growth Rate

The Gross Domestic Product (GDP) in Slovakia expanded 0.40 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Slovakia is reported by the Statistical Office of the Slovak Republic. GDP Growth Rate in Slovakia averaged 0.93 Percent from 1997 until 2013, 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. Slovakia has been one of the fastest growing economies in Europe. Taxation, healthcare, pensions, and social welfare reforms helped the nation to join the European Union in 2004 and to adopt the euro in 2009. Foreign investments in the automotive and electronic sectors have been the main source of the recent expansion. This page provides - Slovakia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.40 0.20 9.00 -7.60 0.17 | 2014/03 1997 - 2013 Percent Quarterly

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Slovakia GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-11-14 08:00 AM Slovakia
GDP Growth Rate QoQ- P.
Q3 2013 0.2% 0.3% 0.11%
2013-12-04 08:00 AM Slovakia
GDP Growth Rate QoQ - Final
Q3 2013 0.2% 0.3% 0.20%
2014-02-14 08:00 AM Slovakia
GDP Growth Rate QoQ Flash
Q4 2013 0.4% 0.2% 0.79%
2014-03-05 08:00 AM Slovakia
GDP Growth Rate QoQ
Q4 2013 0.4% 0.2% 0.79%
2014-05-15 08:00 AM Slovakia
GDP Growth Rate QoQ Flash
Q1 2014 0.4% 0.17%
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GDP Last Previous Highest Lowest Forecast Unit
GDP 91.60 2012-12-31 96.10 97.90 5.80 90.25 2013-12-31 USD Billion [+]
GDP Constant Prices 16484.40 2013-11-15 16419.30 16484.40 9043.20 16519.05 2014-03-31 EUR Million [+]
GDP Growth Rate 0.40 2013-12-31 0.20 9.00 -7.60 0.17 2014-03-31 Percent [+]
GDP Annual Growth Rate 1.50 2013-12-31 0.90 13.10 -5.40 1.21 2014-03-31 Percent [+]
Gross Fixed Capital Formation 4.04 2013-11-15 3.33 4.39 2.03 3.50 2014-03-31 EUR Billion [+]
GDP per capita 14961.92 2012-12-31 14700.84 14961.92 6821.65 15272.99 2013-12-31 USD [+]
GDP per capita PPP 21257.48 2012-12-31 20886.55 21257.48 9692.01 21633.32 2013-12-31 USD [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Slovakia Core Consumer Prices at 0.20 Percent  
Core Consumer Prices in Slovakia decreased to 0.20 percent in March of 2014 from 0.30 percent in February of 2014. Core Consumer Prices in Slovakia is reported by the Statistical Office of the Slovak Republic.
Slovakia Core Inflation Rate at 0.20 Percent  
Core Inflation Rate in Slovakia increased 0.20 percent in March of 2014 over the same month in the previous year. Core Inflation Rate in Slovakia is reported by the Statistical Office of the Slovak Republic.
Slovakia Consumer Price Index (CPI) at 163.80 Index Points  
Consumer Price Index (CPI) in Slovakia decreased to 163.80 Index Points in March of 2014 from 163.90 Index Points in February of 2014. Consumer Price Index (CPI) in Slovakia is reported by the Statistical Office of the Slovak Republic.
Slovakia Inflation Rate MoM at 0.00 Percent  
The Consumer Price Index in Slovakia decreased 0 percent in March of 2014 over the previous month. Inflation Rate Mom in Slovakia is reported by the Statistical Office of the Slovak Republic.
Slovakia Inflation Rate at -0.10 Percent  
The inflation rate in Slovakia was recorded at -0.10 percent in March of 2014. Inflation Rate in Slovakia is reported by the Statistical Office of the Slovak Republic.
Slovakia Labour Costs at 134.90 Index Points  
Labour Costs in Slovakia increased to 134.90 Index Points in the fourth quarter of 2013 from 123.70 Index Points in the third quarter of 2013. Labour Costs in Slovakia is reported by the Eurostat.
Slovakia Labor Force Participation Rate at 85.80 Percent  
Labor Force Participation Rate in Slovakia decreased to 85.80 percent in the fourth quarter of 2013 from 85.90 percent in the third quarter of 2013. Labor Force Participation Rate in Slovakia is reported by the Statistical Office of the Slovak Republic.
Slovakia Households Savings at 2017.00 EUR Million  
Personal Savings in Slovakia increased to 2017 EUR Million in the fourth quarter of 2013 from 689 EUR Million in the third quarter of 2013. Personal Savings in Slovakia is reported by the Statistical Office of the Slovak Republic.
Slovakia Productivity at 127.10 Index Points  
Productivity in Slovakia increased to 127.10 Index Points in the fourth quarter of 2013 from 127 Index Points in the third quarter of 2013. Productivity in Slovakia is reported by the Eurostat.
Slovakia Producer Prices at 102.80 Index Points  
Producer Prices in Slovakia decreased to 102.80 Index Points in February of 2014 from 104.60 Index Points in January of 2014. Producer Prices in Slovakia is reported by the Statistical Office of the Slovak Republic.
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