GDP per capita in Slovakia

Slovakia GDP per capita (EUR) | Economic News & Forecasts

Slovakia - GDP per capita (Euros)

Growth decelerates sharply in Q4 to over one-year low

Economic growth appears to have hit the brakes in the fourth quarter. According to preliminary data released by the Central Statistics Office (KSH) on 14 February, the economy expanded 3.6% annually in Q4, down from Q3’s 4.6% increase, marking the lowest reading in over a year. On seasonally-adjusted quarter-on-quarter basis, GDP growth in the fourth quarter inched down to 0.8%, from Q3’s revised 1.1% expansion.

Although a breakdown by components is not yet available, fixed investment likely eased in Q4 due to completed projects in the all-important automobile sector a quarter earlier. Meanwhile, slower demand from Germany—a key partner in the European supply chain—drove a deceleration of exports at year-end, likely dragging on the fourth-quarter result.

More detailed data will be released on 7 March.

Met the why particular Consensus Forecast panelists expect growth to reach 3.8% in 2019, which is unchanged from last month’s forecast. For 2020, the panel projects economic growth will moderate to 3.2%.

Slovakia - GDP per capita (EUR) Data

2013  2014  2015  2016  2017  
GDP per capita (EUR)13,707  14,049  14,554  14,957  15,648  

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Slovakia Facts

Bond Yield0.55-4.12 %Feb 21
Exchange Rate1.130.65 %Feb 21
Stock Market3390.0 %Feb 21

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