The Slovak economy grew 3.6 percent year-on-year in the fourth quarter of 2016, unrevised from a preliminary estimate, slowing from a 4.6 percent expansion in the previous quarter and matching market expectations. It was the weakest growth rate since the third quarter of 2017, as imports rose 7.8 percent (vs 5.4 percent in Q3) and exports increased at a softer 4.7 percent (vs 5.6 percent in Q3). Meantime, household consumption (3.4 percent vs 3.2 percent) and government spending (3.8 percent vs 1.6 percent) advanced further. Also, fixed investment grew 9 percent, after shrinking 5.7 percent in the third quarter of the year. On a seasonally adjusted quarterly basis, the GDP increased 0.8 percent, in line with the preliminary reading and easing from a 1 percent growth in the prior period. In 2018, the economy advanced 4.1 percent over a year earlier. 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 4.30 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 4.10 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
2018-11-14 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 3.6% 4.6% 3.6% 4.3%
2019-03-07 08:00 AM GDP Growth Rate YoY Final 3.6% 4.6% 3.6% 3.6%
2019-05-15 07:00 AM GDP Growth Rate YoY Prel 3.6% 4.2%
2019-06-07 07:00 AM GDP Growth Rate YoY Final 4.2%
2019-08-14 07:00 AM GDP Growth Rate YoY Prel 4%


Slovakia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 1.00 9.00 -7.60 percent [+]
GDP Annual Growth Rate 3.60 4.60 13.50 -6.00 percent [+]
GDP 95.77 89.77 100.95 5.80 USD Billion [+]
GDP Constant Prices 21.96 22.33 22.33 8.56 EUR Million [+]
Gross Fixed Capital Formation 5.43 4.82 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 0.52 1.10 1.20 0.20 EUR Billion [+]
GDP From Construction 2113.00 2101.00 2113.00 600.00 EUR Million [+]
GDP From Manufacturing 5156.00 4970.00 5501.00 1019.00 EUR Million [+]
GDP From Public Administration 2.63 2.50 2.67 1.35 EUR Billion [+]
GDP From Services 3272.00 3903.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.60 4.60 13.50 -6.00 1996 - 2018 percent Quarterly
NSA




Country Last Previous
India 6.60 Dec/18
China 6.40 Dec/18
Indonesia 5.18 Dec/18
South Korea 3.10 Dec/18
United States 3.10 Dec/18
Saudi Arabia 2.50 Sep/18
Spain 2.40 Dec/18
Australia 2.30 Dec/18
Netherlands 2.00 Dec/18
Singapore 1.90 Dec/18
Mexico 1.70 Dec/18
Canada 1.60 Dec/18
Russia 1.50 Sep/18
Switzerland 1.40 Dec/18
United Kingdom 1.30 Dec/18
Brazil 1.10 Dec/18
Euro Area 1.10 Dec/18
South Africa 1.10 Dec/18
France 0.90 Dec/18
Germany 0.60 Dec/18
Japan 0.30 Dec/18
Italy 0.00 Dec/18
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


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