Slovakia's gross domestic product jumped 9.6 percent year-on-year in the second quarter of 2021, matching preliminary estimates, and following a 0.2 percent growth in the previous three-month period. It is the highest growth rate in fourteen years, amid a low base effect from last year due to the coronavirus lockdown. Output rose primarily in key industries, especially in car production and the manufacture of basic metals. Growth was also supported by investment and domestic consumption. On a seasonally adjusted quarterly basis, the economy rose 2 percent, following a downwardly revised 1.4 percent decrease in the first quarter of 2021. Still, the economy remains 2.3% below the pre-pandemic level. source: Statistical Office of the Slovak Republic
GDP Annual Growth Rate in Slovakia averaged 3.54 percent from 1996 until 2021, reaching an all time high of 13.60 percent in the fourth quarter of 2007 and a record low of -10.90 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 October of 2021.
GDP Annual Growth Rate in Slovakia is expected to be 4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.