Slovakia's gross domestic product shrank 2.7 percent year-on-year in the fourth quarter of 2020, matching the preliminary estimate and following a 2.4 percent contraction in the previous three-month period. There were declines in both household consumption (-2.4 percent vs 1.0 percent in Q3) and fixed investment (-15.4 percent vs -8.2 percent). Meanwhile, net external demand contributed positively to the GDP, as exports rose 1.8 percent and imports increased at a slower 0.6 percent. On a seasonally adjusted basis, the economy grew by only 0.2 percent, easing from an 11.7 percent jump in the third quarter. source: Statistical Office of the Slovak Republic
GDP Annual Growth Rate in Slovakia averaged 3.49 percent from 1996 until 2020, reaching an all time high of 13.60 percent in the fourth quarter of 2007 and a record low of -12.10 percent in the second quarter of 2020. This page provides - Slovakia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
GDP Annual Growth Rate in Slovakia is expected to be -3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Slovakia to stand at 3.50 in 12 months time. In the long-term, the Slovakia GDP Annual Growth Rate is projected to trend around 3.90 percent in 2022, according to our econometric models.