The Slovak economy grew 4.6 percent year-on-year in the third quarter of 2016, unrevised from a preliminary estimate and following a 4.5 percent expansion in the previous three-month period. This was the strongest growth rate since the last quarter of 2015 supported by household consumption (3.2 percent vs 2.0 percent in Q2), government spending (1.6 percent vs 0.7 percent) and net trade as exports rose 5.6 percent (vs 7.6 percent in Q2) and imports increased at a slower 5.4 percent (vs 6.6 percent in Q2). By contrast, fixed investment shrank 5.7 percent, after a 18.5 percent jump in the previous period. The quarter-on-quarter GDP growth was also confirmed at 1.1 percent. GDP Annual Growth Rate in Slovakia averaged 3.97 percent from 1996 until 2018, reaching an all time high of 13.50 percent in the fourth quarter of 2007 and a record low of -6 percent in the second quarter of 2009.

GDP Annual Growth Rate in Slovakia is expected to be 3.90 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 3.80 in 12 months time. In the long-term, the Slovakia GDP Annual Growth Rate is projected to trend around 3.60 percent in 2020, according to our econometric models.

Slovakia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-14 07:00 AM GDP Growth Rate YoY Prel 4.1% 3.6% 3.7% 3.7%
2018-09-07 07:00 AM GDP Growth Rate YoY Final 4.2% 3.6% 4.1% 4.1%
2018-11-14 08:00 AM GDP Growth Rate YoY Prel 4.6% 4.5% 4.6% 3.5%
2018-12-07 08:00 AM GDP Growth Rate YoY Final 4.6% 4.5% 4.6% 4.6%
2019-02-14 08:00 AM GDP Growth Rate YoY Prel 4.6% 3.90%
2019-03-07 08:00 AM GDP Growth Rate YoY Final 4.6% 3.90%
2019-05-15 07:00 AM GDP Growth Rate YoY Prel 4.30%


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 22.33 21.34 22.33 8.56 EUR Million [+]
Gross Fixed Capital Formation 4.82 5.00 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 1.10 0.66 1.20 0.20 EUR Billion [+]
GDP From Construction 2101.00 1284.00 2101.00 600.00 EUR Million [+]
GDP From Manufacturing 4970.00 5501.00 5501.00 1019.00 EUR Million [+]
GDP From Public Administration 2.50 2.39 2.67 1.35 EUR Billion [+]
GDP From Services 3903.00 3755.00 3903.00 1820.00 EUR Million [+]


Slovakia GDP Annual Growth Rate

In Slovakia, the most important industries are engineering, chemical, electrotechnical engineering, wood-processing and food industry. 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.60 4.50 13.50 -6.00 1996 - 2018 percent Quarterly
NSA




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India 7.10 Sep/18
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Australia 2.80 Sep/18
Mexico 2.50 Sep/18
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Brazil 1.30 Sep/18
Germany 1.10 Sep/18
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Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


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