Markets Actual Q4 Q1 Q2 Q3 2022
Currency 1.16 1.16 1.15 1.15 1.15 1.14
Stock Market (points) 396.22 386 377 368 359 342
Government Bond 10y (%) 0.10 0.17 0.19 0.21 0.23 0.28

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 2.00 1.3 1 0.8 0.9 0.8
GDP Annual Growth Rate (%) 9.60 4.5 7.5 6.6 3.9 3.9
Unemployment Rate (%) 7.10 7.2 7 6.8 6.6 6.5
Inflation Rate (%) 4.60 2.4 2 1.8 1.8 1.7
Inflation Rate Mom (%) 0.80 0.1 0.6 0.6 0.6 -0.1
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -146.00 150 -150 -150 -150 -150
Current Account (EUR Million) -527.00 -590 -590 -590 -590 -590
Current Account to GDP (% of GDP) -0.40 -1.4 -2.1 -2.1 -2.1 -2.1
Government Debt to GDP (% of GDP) 60.60 58 58 58 58 60
Government Budget (% of GDP) -6.20 -7.1 -5 -5 -5 -5
Business Confidence (points) 0.70 -0.5 -0.5 -0.5 -0.5 0.5
Consumer Confidence (points) -20.20 -14 -11 -7 -6 -5
Retail Sales MoM (%) 0.80 0.5 0.5 0.5 0.5 0.3
Corporate Tax Rate (%) 21.00 21 21 21 21 21
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 2.00 1.3 1 0.8 0.9 0.8
GDP Annual Growth Rate (%) 9.60 4.5 7.5 6.6 3.9 3.9
GDP (USD Billion) 104.57 104 104 104 104 107
GDP Constant Prices (EUR Million) 21.90 24.54 23.49 21.36 23.34 24.41
Gross Fixed Capital Formation (EUR Billion) 4.08 6.07 5.17 3.52 4.35 5.37
GDP per capita (USD) 20007.55 20500 20500 20500 20500 21100
GDP per capita PPP (USD) 30330.04 32800 32800 32800 32800 33300
GDP From Agriculture (EUR Billion) 0.50 0.58 0.4 0.38 0.53 0.42
GDP From Construction (EUR Million) 1156.00 2361 1762 590 1232 1831
GDP From Manufacturing (EUR Million) 4267.00 5761 4163 4636 4549 4326
GDP From Public Administration (EUR Billion) 2.87 2.94 3.32 3.04 3.06 3.45
GDP From Services (EUR Million) 4489.00 3656 3758 4070 4785 3904

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 7.10 7.2 7 6.8 6.6 6.5
Labour Costs (points) 130.70 134 140 140 135 145
Wages (EUR/Month) 1231.00 1318 1272 1308 1268 1357
Wages in Manufacturing (EUR/Month) 1216.00 1295 1245 1292 1252 1334
Minimum Wages (EUR/Month) 623.00 620 670 670 670 670
Population (Million) 5.46 5.48 5.48 5.48 5.48 5.49
Retirement Age Women 62.67 62.83 62.83 62.83 62.83 62.83
Retirement Age Men 62.67 62.83 62.83 62.83 62.83 62.83
Wage Growth (%) 8.10 2.8 3.2 3 3 3

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 4.60 2.4 2 1.8 1.8 1.7
Inflation Rate Mom (%) 0.80 0.1 0.6 0.6 0.6 -0.1
Consumer Price Index CPI (points) 184.90 181 182 185 188 184
Harmonised Consumer Prices (points) 112.82 111 112 113 115 113
Core Consumer Prices (points) 133.50 133 134 135 136 135
Core Inflation Rate (%) 4.90 4.6 4 2.7 1.6 1.4
Producer Prices (points) 116.00 120 121 122 120 121
Producer Prices Change (%) 9.00 12.1 11.2 9.4 3.5 1.6
CPI Housing Utilities (points) 262.60 262 257 263 267 267
CPI Transportation (points) 138.40 139 139 140 141 141
Food Inflation (%) 4.09 1.4 0.9 0.9 0.9 1.4

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 0.00 0 0 0 0 0

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (EUR Million) -146.00 150 -150 -150 -150 -150
Current Account (EUR Million) -527.00 -590 -590 -590 -590 -590
Current Account to GDP (% of GDP) -0.40 -1.4 -2.1 -2.1 -2.1 -2.1
Imports (EUR Million) 6505.00 6250 6250 6250 6250 6250
Exports (EUR Million) 6359.00 6100 6100 6100 6100 6100

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 60.60 58 58 58 58 60
Government Budget (% of GDP) -6.20 -7.1 -5 -5 -5 -5
Government Budget Value (EUR Million) -105.00 -913 -913 -913 -913 -913
Government Spending (EUR Billion) 4.05 4.97 5.09 3.84 4.31 5.29
Government Spending to GDP (% of GDP) 48.00 46.3 46.3 46.3 46.3 43.2

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 21.00 21 21 21 21 21
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 48.60 48.6 48.6 48.6 48.6 48.6
Social Security Rate For Companies (%) 35.20 35.2 35.2 35.2 35.2 35.2
Social Security Rate For Employees (%) 13.40 13.4 13.4 13.4 13.4 13.4

Business Actual Q4 Q1 Q2 Q3 2022
Business Confidence (points) 0.70 -0.5 -0.5 -0.5 -0.5 0.5
Industrial Production (%) 0.80 5.5 5.5 5.5 5.5 2.2

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) -20.20 -14 -11 -7 -6 -5
Retail Sales MoM (%) 0.80 0.5 0.5 0.5 0.5 0.3
Retail Sales YoY (%) 2.20 2.2 2.5 2.3 2.3 2.7
Consumer Spending (EUR Billion) 12.35 12.27 13.01 12.15 13.17 13.51
Disposable Personal Income (EUR Million) 14944.00 16096 16946 14875 15930 17607
Consumer Credit (EUR Million) 5767.00 6297 6282 6143 5992 6543
Bank Lending Rate (%) 2.38 2.38 2.38 2.38 2.38 2.38
Gasoline Prices (USD/Liter) 1.66 1.58 1.5 1.42 1.35 1.28

Housing Actual Q4 Q1 Q2 Q3 2022
Construction Output (%) 4.20 1.9 1.9 1.9 1.9 1.9


This page has 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.