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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Slovakia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-2.70 -2.40 13.60 -12.10 1996 - 2020 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-13 08:00 AM YoY Prel Q3 -2.4% -12.1% -5% -5.2%
2020-12-04 08:00 AM YoY Final Q3 -2.4% -12.1% -2.4% -2.4%
2021-02-16 08:00 AM YoY Prel Q4 -2.7% -2.4% -4.3% -5%
2021-03-05 08:00 AM YoY Final Q4 -2.7% -2.4% -2.7% -2.7%
2021-05-14 07:00 AM YoY Prel Q1 -2.7% -3.2%
2021-06-04 07:00 AM YoY Final Q1 -2.7%
2021-08-13 07:00 AM YoY Prel Q2
2021-09-03 07:00 AM YoY Final Q2


News Stream
Slovak GDP Contraction Confirmed in Q4
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.
2021-03-05
Slovak GDP Contracts Less than Forecast in Q4
Slovakia's gross domestic product shrank 2.7 percent year-on-year in the fourth quarter of 2020, following a 2.4 percent contraction in the previous three-month period and compared with market expectations of a 4.3 percent fall, a preliminary estimate. On a seasonally adjusted basis, the economy grew by only 0.2 percent, easing from an 11.7 percent jump in the third quarter.
2021-02-16
Slovak Q3 GDP Contraction Confirmed
The Slovak economy shrank 2.4 percent from a year earlier in the third quarter of 2020, easing from a record 12.1 percent contraction in the previous three-month period. Activity and demand rebounded from the coronavirus shock with household consumption and exports providing strong support to the economy, while fixed investment continued to contract sharply. On a seasonally adjusted quarterly basis, the economy grew by 11.6 percent in the July to September period.
2020-12-04
Slovak GDP Contracts Less than Forecast in Q3
The Slovak economy shrank 2.4 percent from a year earlier in the third quarter of 2020, easing from a record 12.1 percent contraction in the previous three-month period and compared to market expectations of a 5.0 percent fall, a preliminary estimate showed. Activity and demand rebounded from the coronavirus shock, with key industries, especially automotive, providing strong support to the economy. Also, net external demand contributed positively to the GDP. On a seasonally adjusted quarterly basis, the economy grew by 11.7 percent in the July to September period.
2020-11-13

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.