Markets Actual Q1 Q2 Q3 Q4 2021
Currency 1.09 1.1 1.1 1.1 1.09 1.09
Stock Market (points) 354.29 350 347 343 339 332
Government Bond 10y (%) -0.06 0.01 0.01 0.02 0.03 0.04

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 0.60 0.6 0.8 0.7 0.8 0.7
GDP Annual Growth Rate (%) 2.10 2.3 2.3 2.4 2.4 2.7
Unemployment Rate (%) 5.00 4.8 4.7 4.7 4.4 4.5
Inflation Rate (%) 3.00 2.5 2.3 2.3 2.4 2.3
Inflation Rate Mom (%) 1.20 -0.1 0.1 0.2 0.2 0.2
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -24.30 600 430 430 -50 150
Current Account (EUR Million) -328.20 -150 -400 -100 -570 -590
Current Account to GDP (%) -2.50 -2.6 -2.6 -2.6 -2.6 -2.8
Government Debt to GDP (%) 48.90 47.3 47.3 47.3 47.3 47
Government Budget (% of GDP) -0.70 -1.2 -1.2 -1.2 -1.2 -1.6
Business Confidence (points) 1.70 -6 -6 -6 -8 -4
Consumer Confidence (points) -11.90 -6 -5.8 -5.9 -4 -7
Retail Sales MoM (%) -0.20 0.5 0.5 0.5 0.4 0.4
Corporate Tax Rate (%) 21.00 21 21 21 21 21
Personal Income Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 0.60 0.6 0.8 0.7 0.8 0.7
GDP Annual Growth Rate (%) 2.10 2.3 2.3 2.4 2.4 2.7
GDP (USD Billion) 106.47 115 115 115 115 122
GDP Constant Prices (EUR Million) 23.22 20.22 21.96 23.4 23.78 24.42
Gross Fixed Capital Formation (EUR Billion) 5.05 3.94 4.82 5.09 5.17 5.31
GDP per capita (USD) 20669.90 21500 21500 21500 21500 22400
GDP per capita PPP (USD) 31326.30 31750 31750 31750 31750 31750
GDP From Agriculture (EUR Billion) 0.93 0.55 0.66 0.93 0.95 0.97
GDP From Construction (EUR Million) 2069.00 894 1426 2086 2119 2176
GDP From Manufacturing (EUR Million) 4267.00 5304 5566 4301 4369 4487
GDP From Public Administration (EUR Billion) 2.99 2.44 2.57 3.01 3.06 3.14
GDP From Services (EUR Million) 4199.00 3408 3765 4233 4300 4416

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 5.00 4.8 4.7 4.7 4.4 4.5
Labour Costs (points) 114.20 125 124 118 118 122
Wages (EUR/Month) 1219.00 1186 1161 1166 1173 1206
Wages in Manufacturing (EUR/Month) 1201.00 1165 1147 1150 1149 1181
Minimum Wages (EUR/Month) 520.00 560 560 560 560 610
Population (Million) 5.45 5.47 5.47 5.47 5.47 5.48
Retirement Age Women 62.42 63 63 63 63 63
Retirement Age Men 62.42 63 63 63 63 63
Living Wage Family (EUR/Month) 640.00 664 660 662 663 682
Living Wage Individual (EUR/Month) 450.00 467 464 466 466 479
Wage Growth (%) 4.70 3.8 3.2 3.5 3.6 2.8
Wages Low Skilled (EUR/Month) 678.00 703 700 702 702 722
Wages High Skilled (EUR/Month) 1250.00 1297 1290 1294 1295 1331

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 3.00 2.5 2.3 2.3 2.4 2.3
Inflation Rate Mom (%) 1.20 -0.1 0.1 0.2 0.2 0.2
Consumer Price Index CPI (points) 176.30 177 178 178 178 183
Harmonised Consumer Prices (points) 108.23 107 109 109 108 110
Core Consumer Prices (points) 127.10 126 128 129 127 130
Core Inflation Rate (%) 3.20 2.2 2.2 2.2 2 2
Producer Prices (points) 109.20 113 113 112 112 114
Producer Prices Change (%) 1.10 3.1 3 2.7 2.1 1.9
CPI Housing Utilities (points) 254.20 255 254 255 256 262
CPI Transportation (points) 131.30 132 131 135 132 135
Food Inflation (%) 4.40 2.6 1.9 1.9 1.7 2.4

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 0.00 0 0 0 0 0

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (EUR Million) -24.30 600 430 430 -50 150
Current Account (EUR Million) -328.20 -150 -400 -100 -570 -590
Current Account to GDP (%) -2.50 -2.6 -2.6 -2.6 -2.6 -2.8
Imports (EUR Million) 5979.00 6690 6890 6890 6150 6250
Exports (EUR Million) 5954.00 7290 7320 7320 6100 6100

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 48.90 47.3 47.3 47.3 47.3 47
Government Budget (% of GDP) -0.70 -1.2 -1.2 -1.2 -1.2 -1.6
Government Budget Value (EUR Million) -94.80 -950 -950 -950 -914 -913
Government Spending (EUR Billion) 3.84 3.49 3.83 3.87 3.93 4.04
Government Spending to GDP (%) 40.60 40.3 40.3 40.3 40.3 40.4

Taxes Actual Q1 Q2 Q3 Q4 2021
Corporate Tax Rate (%) 21.00 21 21 21 21 21
Personal Income Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 48.60 48.6 48.6 48.6 48.6 48.6
Social Security Rate For Companies (%) 35.20 35.2 35.2 35.2 35.2 35.2
Social Security Rate For Employees (%) 13.40 13.4 13.4 13.4 13.4 13.4

Business Actual Q1 Q2 Q3 Q4 2021
Business Confidence (points) 1.70 -6 -6 -6 -8 -4
Industrial Production (%) -7.10 2.2 2.5 2.7 3 2.2

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Confidence (points) -11.90 -6 -5.8 -5.9 -4 -7
Retail Sales MoM (%) -0.20 0.5 0.5 0.5 0.4 0.4
Retail Sales YoY (%) -2.50 2.5 2.7 3 3.1 3.3
Consumer Spending (EUR Billion) 12.29 10.59 10.9 12.39 12.59 12.93
Disposable Personal Income (EUR Million) 14170.00 12444 13512 14283 14510 14902
Consumer Credit (EUR Million) 6623.00 6681 6685 6693 6782 6965
Bank Lending Rate (%) 2.48 2.72 2.72 2.72 2.72 2.72
Gasoline Prices (USD/Liter) 1.47 1.31 1.34 1.37 1.42 1.42

Housing Actual Q1 Q2 Q3 Q4 2021
Construction Output (%) -4.20 2.4 2.4 2.4 2.2 2.2


This page has economic forecasts for Slovakia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Slovakia economy.