The Gross Domestic Product (GDP) in Slovakia expanded 0.40 percent in the third quarter of 2021 over the previous quarter. source: Statistical Office of the Slovak Republic

GDP Growth Rate in Slovakia averaged 0.85 percent from 1995 until 2021, reaching an all time high of 9.10 percent in the third quarter of 2020 and a record low of -9.50 percent in the first quarter of 2009. This page provides - Slovakia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

GDP Growth Rate in Slovakia is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Slovakia GDP Growth Rate is projected to trend around 1.20 percent in 2022 and 0.90 percent in 2023, according to our econometric models.

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Slovakia GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-09-03 07:00 AM QoQ Final Q2 2% -1.4% 2%
2021-11-16 08:00 AM QoQ Prel Q3 0.4% 1.9% 1.3%
2021-12-03 08:00 AM QoQ Final Q3 1.9% 0.4%

Related Last Previous Unit Reference
GDP Growth Rate 0.40 1.90 percent Sep/21
GDP Annual Growth Rate 1.30 9.60 percent Sep/21
GDP Constant Prices 21.90 19.87 EUR Million Jun/21
Gross Fixed Capital Formation 4.08 3.28 EUR Billion Jun/21
GDP From Services 4489.00 3786.00 EUR Million Jun/21
GDP From Public Administration 2.87 2.83 EUR Billion Jun/21
GDP From Manufacturing 4267.00 4313.00 EUR Million Jun/21
GDP From Construction 1156.00 549.00 EUR Million Jun/21
GDP From Agriculture 0.50 0.36 EUR Billion Jun/21
Slovakia GDP Growth Rate
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. 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.