Slovakia Q1 GDP Growth Confirmed at 0.9%

Slovakia’s economy grew by 0.9% year-on-year in the first quarter of 2026, matching initial estimates and easing from a one-year high of 1.0% in the previous quarter. Industry (-0.7%) exerted the largest drag on growth, mainly due to weaker manufacturing output in electrical equipment, coke and refined petroleum products, and rubber and plastic products. Contractions in financial and insurance activities (-7.3%) and arts, entertainment and recreation (-1.9%) also weighed on the economy. On the expenditure side, growth was supported by a rebound in household consumption (1.1% vs -1.2%), while government spending fell (-0.4% vs 0.3%). Gross fixed capital formation declined 6.4%, while net exports contributed positively as exports (-0.1%) fell less than imports (-1.3%), shifting the trade balance into surplus from a deficit in the previous quarter. On a seasonally adjusted quarterly basis, the economy expanded 0.2%, matching the pace recorded in the previous quarter.

Slovakia’s economy expanded 0.9% year-on-year in the first quarter of 2026, matching market expectations and easing slightly from a one-year high of 1.0% in the previous three-month period, preliminary estimates showed. Weaker investment activity weighed on overall expansion, although economic activity remained supported by strong household final consumption expenditure and a positive foreign trade balance. On a seasonally adjusted quarterly basis, the economy grew 0.2% in Q1 2026, maintaining the pace recorded in the previous quarter.

Slovakia’s economy grew by 1% year-on-year in the fourth quarter of 2025, matching initial estimates and following 0.9% in the previous quarter. This marked the sharpest expansion since Q4 2024, as growth in industry (0.8%) provided the largest support, primarily driven by higher output in the manufacture of metals, machinery and equipment, and textiles and leather. Growth was also recorded in information and communication (2.3%), public administration (0.4%), and professional, scientific and technical activities with administrative services (0.5%). On the expenditure side, public consumption (0.3%) grew modestly, while household spending (-1.2%) fell. Investment activity climbed 6.1%, while net exports contributed positively, with exports rising 3.6% and imports up 2.7%. On a seasonally adjusted quarterly basis, the economy grew 0.3%, revising higher from initial estimates of 0.2% and matching the pace in the prior period. For the full year 2025, the economy advanced 0.8%.