The economy of Slovakia advanced 1.1 percent on quarter in the third quarter of 2018, slightly below an upwardly revised 1.2 percent growth in the previous period, preliminary estimates showed. 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 0.70 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 0.90 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.

Slovakia GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-14 07:00 AM GDP Growth Rate QoQ Prel 1% 1% 0.8%
2018-09-07 07:00 AM GDP Growth Rate QoQ Final 1.1% 0.9% 1% 1%
2018-11-14 08:00 AM GDP Growth Rate QoQ Prel 1.1% 1.2% 0.7%
2018-12-05 08:00 AM GDP Growth Rate QoQ Final 1.2% 1.1%


Slovakia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 1.20 9.00 -7.60 percent [+]
GDP Annual Growth Rate 4.60 4.50 13.50 -6.00 percent [+]
GDP 95.77 89.77 100.95 5.80 USD Billion [+]
GDP Constant Prices 21.34 19.36 21.40 8.56 EUR Million [+]
Gross Fixed Capital Formation 5.00 3.92 5.75 2.24 EUR Billion [+]
GDP per capita 19897.15 19275.09 19897.15 7675.59 USD [+]
GDP per capita PPP 30155.15 29212.38 30155.15 11632.75 USD [+]
GDP From Agriculture 0.66 0.51 1.20 0.20 EUR Billion [+]
GDP From Construction 1284.00 797.00 2078.00 600.00 EUR Million [+]
GDP From Manufacturing 5501.00 5015.00 5501.00 1019.00 EUR Million [+]
GDP From Public Administration 2.39 2.25 2.67 1.35 EUR Billion [+]
GDP From Services 3755.00 3416.00 3884.00 1820.00 EUR Million [+]


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. This page provides - Slovakia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.20 9.00 -7.60 1997 - 2018 percent Quarterly




Country Last
Singapore 4.70 Sep/18
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Mexico 0.90 Sep/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Canada 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
France 0.40 Sep/18
Brazil 0.20 Jun/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Italy 0.00 Sep/18
Saudi Arabia -0.05 Mar/18
Germany -0.20 Sep/18
Japan -0.30 Sep/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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