Slovakia Q1 GDP Growth Matches Forecasts

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%.

Slovakia’s economy expanded by 1% year-on-year in the fourth quarter of 2025, accelerating from a 0.9% rise in the previous quarter and exceeding market expectations of 0.8%, according to preliminary estimates. This marked the strongest annual growth since the fourth quarter of 2024, supported primarily by significant growth in investment activity, particularly in the general government sector, along with a positive contribution from net foreign trade. On a seasonally adjusted quarterly basis, the economy grew by 0.2%, moderating from a 0.3% increase in the third quarter.