The Gross Domestic Product (GDP) in Slovakia expanded 0.40 percent on quarter in the first quarter of 2022, advancing from a 0.3 percent expansion in the previous three-month period. source: Statistical Office of the Slovak Republic

GDP Growth Rate in Slovakia averaged 0.84 percent from 1995 until 2022, reaching an all time high of 9.10 percent in the third quarter of 2020 and a record low of -9.50 percent in the first quarter of 2009. This page provides - Slovakia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

GDP Growth Rate in Slovakia is expected to be -0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Slovakia GDP Growth Rate is projected to trend around 0.40 percent in 2023 and 0.50 percent in 2024, according to our econometric models.

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Slovakia GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-17 07:00 AM QoQ Prel Q1 0.4% 0.4% 0.9%
2022-06-07 07:00 AM QoQ Final Q1 0.4% 0.3% 0.4% 0.4%
2022-08-17 07:00 AM QoQ Prel Q2 -0.5%


Related Last Previous Unit Reference
GDP Growth Rate 0.40 0.30 percent Mar 2022
GDP Annual Growth Rate 3.10 1.40 percent Mar 2022
GDP Constant Prices 20.64 22.91 EUR Million Mar 2022
Gross Fixed Capital Formation 3.55 5.30 EUR Billion Mar 2022
Full Year GDP Growth 3.00 -4.40 percent Dec 2021
GDP From Services 3842.00 3498.00 EUR Million Mar 2022
GDP From Public Administration 2.88 3.19 EUR Billion Mar 2022
GDP From Manufacturing 4754.00 4276.00 EUR Million Mar 2022
GDP From Construction 513.00 1634.00 EUR Million Mar 2022
GDP From Agriculture 0.29 0.31 EUR Billion Mar 2022

Slovakia GDP Growth Rate
Slovakia has been one of the fastest growing economies in Europe. Foreign direct investment, especially in the automotive and electronic sectors, fueled much of the growth. 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.
Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.30 9.10 -9.50 1995 - 2022 percent Quarterly
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