Slovakia GDP Growth Revises Slightly Higher

2026-09-04 07:45 By Erika Ordonez 1 min. read

Slovakia’s economy grew by 0.8% year-on-year in the second quarter of 2026, slightly above the preliminary estimate but edging down from a 0.9% expansion in Q1.

The largest positive contribution came from the wholesale and retail trade, transport, accommodation, and food service sectors, expanding 2.3% and accounting for 21.8% of total gross value added.

Industry, representing 17.5% of GDP, recorded more modest growth of 0.3%.

On the expenditure side, domestic demand was the main driver, with government consumption returning to growth (1.7% vs -0.4%), while household spending eased (0.6% vs 1.1%).

Gross fixed capital formation fell 0.3%.

Meanwhile, exports of goods and services increased 3.0%, while imports rose 3.7%, with the foreign trade balance reaching a surplus of more than EUR 0.5 billion, its highest positive value since the first quarter of 2024.

On a seasonally adjusted quarterly basis, the economy expanded 0.2%, matching the pace recorded in the previous quarter.



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Slovakia GDP Growth Revises Slightly Higher
Slovakia’s economy grew by 0.8% year-on-year in the second quarter of 2026, slightly above the preliminary estimate but edging down from a 0.9% expansion in Q1. The largest positive contribution came from the wholesale and retail trade, transport, accommodation, and food service sectors, expanding 2.3% and accounting for 21.8% of total gross value added. Industry, representing 17.5% of GDP, recorded more modest growth of 0.3%. On the expenditure side, domestic demand was the main driver, with government consumption returning to growth (1.7% vs -0.4%), while household spending eased (0.6% vs 1.1%). Gross fixed capital formation fell 0.3%. Meanwhile, exports of goods and services increased 3.0%, while imports rose 3.7%, with the foreign trade balance reaching a surplus of more than EUR 0.5 billion, its highest positive value since the first quarter of 2024. On a seasonally adjusted quarterly basis, the economy expanded 0.2%, matching the pace recorded in the previous quarter.
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Slovakia’s economy expanded 0.7% year-on-year in the second quarter of 2026, slowing from 0.9% growth in the previous three-month period, preliminary estimates showed. This marked the slowest pace of economic growth since the second quarter of 2025. Weaker investment activity weighed on overall expansion, while the foreign trade balance remained positive but narrowed from the same period a year earlier. Meanwhile, GDP growth continued to be supported by higher final consumption expenditure. On a seasonally adjusted quarterly basis, the economy grew 0.2% in Q2 2026, maintaining the same pace recorded in each of the previous two quarters.
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