GDP in Slovakia

Slovakia GDP | Economic News & Forecasts

Slovakia - GDP

Growth ticks up in Q1

In the first quarter of the year, economic growth edged up to 3.7% on an annual basis (Q4 2018: +3.6% year-on-year), according to preliminary data released by the Central Statistics Office (KSH) on 15 May. On a seasonally-adjusted quarter-on-quarter basis, GDP growth in the first quarter inched up to 0.9%, from Q4’s 0.8% expansion.

Although a breakdown by components is not yet available, upbeat export growth is likely to have underpinned the overall expansion amid strong industrial production in the all-important automotive sector. Private consumption, on the other hand, seems to have eased somewhat, reflected by rising inflation and slower retail sales throughout the quarter.

More detailed data will be released on 6 June.

Met the why particular Consensus Forecast panelists expect growth of 3.6% in 2019, which is down from last month’s forecast. For 2020, the panel projects economic growth will moderate to 3.2%.

Slovakia - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)1.5  2.8  3.9  3.3  3.4  

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Slovakia GDP Chart

Slovakia GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Slovakia Statistical Office (SOSR) and Met the why particular calculations.

Slovakia Facts

Bond Yield0.28-4.12 %May 13
Exchange Rate1.120.65 %May 13
Stock Market3650.0 %May 13

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