On a seasonally adjusted quarterly basis, the Slovak economy advanced 0.8 percent quarter-on-quarter in the fourth quarter of 2018, in line with the preliminary reading and easing from a 1 percent growth in the prior period. GDP Growth Rate in Slovakia averaged 0.92 percent from 1997 until 2018, 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 expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Slovakia to stand at 0.60 in 12 months time. In the long-term, the Slovakia GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.