Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.14 1.13 1.13 1.12 1.12 1.1
Stock Market (points) 332.89 328 323 318 314 305
Government Bond 10y (%) 0.97 0.94 0.97 1.01 1.06 1.15
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.10 0.8 0.5 0.9 0.6 0.5
GDP Annual Growth Rate (%) 4.60 4.3 4.1 3.8 4.1 3.6
Unemployment Rate (%) 5.10 4.8 4.6 4.6 4.5 4.6
Inflation Rate (%) 1.90 2.1 1.9 2 2.1 2
Inflation Rate Mom (%) -0.10 0.4 0.3 0.15 0.4 0.4
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Balance of Trade (EUR Million) 68.00 360 130 290 110 250
Current Account (EUR Million) -416.50 400 -250 -20 -480 -250
Current Account to GDP (%) -2.00 0.9 0.9 0.9 0.9 1.9
Government Debt to GDP (%) 50.90 49.6 49.6 49.6 49.6 48.2
Government Budget (% of GDP) -1.00 -0.2 -0.2 -0.2 -0.2 0.5
Business Confidence (Index Points) 1.30 2.1 2.5 2.3 2.2 1
Consumer Confidence (Index Points) -3.70 -6.3 -7.2 -7.5 -8 -10
Retail Sales MoM (%) 0.60 0.3 0.29 0.29 0.5 0.4
Corporate Tax Rate (%) 21.00 21 21 21 21 21
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.10 0.8 0.5 0.9 0.6 0.5
GDP Annual Growth Rate (%) 4.60 4.3 4.1 3.8 4.1 3.6
GDP (USD Billion) 95.77 98 98 98 98 99
GDP Constant Prices (EUR Million) 22.33 19.64 21.63 22.61 23.24 24.08
Gross Fixed Capital Formation (EUR Billion) 4.82 3.97 5.07 4.89 5.02 5.2
GDP per capita (USD) 19897.15 20590 20590 20590 20590 21040
GDP per capita PPP (USD) 30155.15 31600 31600 31600 31600 31750
GDP From Agriculture (EUR Billion) 1.10 0.52 0.67 1.12 1.15 1.19
GDP From Construction (EUR Million) 2101.00 831 1337 2181 2187 2266
GDP From Manufacturing (EUR Million) 4970.00 5087 5576 5033 5174 5360
GDP From Public Administration (EUR Billion) 2.50 2.34 2.49 2.6 2.61 2.7
GDP From Services (EUR Million) 3903.00 3465 3806 3952 4063 4209
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 5.10 4.8 4.6 4.6 4.5 4.6
Wages (EUR/Month) 1319.00 1110 1099 1091 1180 1220
Wages in Manufacturing (EUR/Month) 1305.00 1060 1095 1087 1130 1170
Minimum Wages (EUR/Month) 480.00 525 525 525 525 560
Retirement Age Women 62.42 62.67 62.42 62.42 62.67 63
Retirement Age Men 62.42 62.67 62.42 62.42 62.67 63
Living Wage Family (EUR/Month) 640.00 685 638 638 650 685
Wages High Skilled (EUR/Month) 1250.00 1440 983 975 1440 1500
Wage Growth (%) 3.30 3.4 3.5 3.6 3.6 3.3
Wages Low Skilled (EUR/Month) 678.00 660 566 566 660 680
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.90 2.1 1.9 2 2.1 2
Inflation Rate Mom (%) -0.10 0.4 0.3 0.15 0.4 0.4
Consumer Price Index CPI (Index Points) 169.30 172 172 173 173 177
Harmonised Consumer Prices (Index Points) 103.61 105 106 106 106 108
Core Consumer Prices (Index Points) 122.10 124 125 125 125 128
Core Inflation Rate (%) 1.80 2.2 2 2.1 2.2 2
Producer Prices (Index Points) 108.10 109 110 112 112 116
Producer Prices Change (%) 5.10 3.5 3.6 3.7 3.9 3.6
CPI Housing Utilities (Index Points) 243.10 243 244 245 246 251
CPI Transportation (Index Points) 124.80 130 134 135 132 135
Food Inflation (%) 0.90 4.5 4.4 4.4 4 4.8
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Million) 68.00 360 130 290 110 250
Current Account (EUR Million) -416.50 400 -250 -20 -480 -250
Current Account to GDP (%) -2.00 0.9 0.9 0.9 0.9 1.9
Imports (EUR Million) 7539.00 6890 6420 6405 5990 6150
Exports (EUR Million) 7608.00 7250 6550 6695 6100 6400
Terms of Trade (Index Points) 99.34 100 100 100 100 100
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 50.90 49.6 49.6 49.6 49.6 48.2
Government Budget (% of GDP) -1.00 -0.2 -0.2 -0.2 -0.2 0.5
Government Budget Value (EUR Million) -1182.24 -1145 -865 -862 -950 -914
Government Spending (EUR Billion) 3.67 3.52 3.77 3.81 3.82 3.96
Government Spending to GDP (%) 40.40 40.4 40.4 40.4 40.4 40.4
Taxes Actual Q1 Q2 Q3 Q4 2020
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 Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 1.30 2.1 2.5 2.3 2.2 1
Industrial Production (%) 3.30 2.7 1.9 1.8 1.7 1.6
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) -3.70 -6.3 -7.2 -7.5 -8 -10
Retail Sales MoM (%) 0.60 0.3 0.29 0.29 0.5 0.4
Retail Sales YoY (%) 5.40 3.6 4.2 3.5 3.7 3.1
Consumer Spending (EUR Billion) 10.89 10.55 10.77 11.02 11.33 11.74
Bank Lending Rate (%) 2.63 2.56 2.56 2.61 2.66 2.66
Gasoline Prices (USD/Liter) 1.44 1.41 1.38 1.35 1.32 1.32
Housing Actual Q1 Q2 Q3 Q4 2020
Construction Output (%) 7.70 6.5 5.8 4.4 2.4 2.2


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.