Markets Actual Q4 Q1 Q2 Q3 2020
Currency 1.11 1.09 1.08 1.08 1.07 1.06
Stock Market (points) 344.74 338 335 332 328 322
Government Bond 10y (%) -0.23 0.02 0.05 0.07 0.1 0.12
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.50 0.4 0.6 0.8 0.7 0.8
GDP Annual Growth Rate (%) 2.00 2.2 2.3 2.3 2.4 2.4
Unemployment Rate (%) 5.00 4.7 4.8 4.7 4.7 4.4
Inflation Rate (%) 2.90 2.7 2.5 2.3 2.3 2.4
Inflation Rate Mom (%) 0.10 0.1 0.1 0.1 0.2 0.2
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -212.00 -150 600 430 430 -50
Current Account (EUR Million) -489.50 -480 -150 -400 -100 -570
Current Account to GDP (%) -2.50 -3 -3.6 -3.6 -3.6 -3.6
Government Debt to GDP (%) 48.90 47.8 47.3 47.3 47.3 47.3
Government Budget (% of GDP) -0.70 -0.9 -1.5 -1.5 -1.5 -1.5
Business Confidence (Index Points) 1.00 -7 -6 -6 -6 -8
Consumer Confidence (Index Points) -7.60 -8 -6 -5.8 -5.9 -4
Retail Sales MoM (%) -0.30 0.5 0.5 0.5 0.5 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 Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.50 0.4 0.6 0.8 0.7 0.8
GDP Annual Growth Rate (%) 2.00 2.2 2.3 2.3 2.4 2.4
GDP (USD Billion) 106.47 111 115 115 115 115
GDP Constant Prices (EUR Million) 21.79 22.86 22.8 20.53 22.3 23.69
Gross Fixed Capital Formation (EUR Billion) 4.78 5.65 5.64 4 4.89 5.86
GDP per capita (USD) 20669.90 21000 21500 21500 21500 21500
GDP per capita PPP (USD) 31326.30 31600 31750 31750 31750 31750
GDP From Agriculture (EUR Billion) 0.66 0.54 0.54 0.55 0.67 0.56
GDP From Construction (EUR Million) 1415.00 2200 2193 907 1448 2279
GDP From Manufacturing (EUR Million) 5524.00 5367 5352 5385 5651 5561
GDP From Public Administration (EUR Billion) 2.55 2.74 2.73 2.48 2.6 2.84
GDP From Services (EUR Million) 3736.00 3406 3396 3460 3822 3529
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 5.00 4.7 4.8 4.7 4.7 4.4
Wages (EUR/Month) 1158.00 1204 1163 1186 1161 1244
Wages in Manufacturing (EUR/Month) 1136.00 1185 1148 1166 1147 1224
Minimum Wages (EUR/Month) 520.00 520 560 560 560 560
Retirement Age Women 62.42 62.67 63 63 63 63
Retirement Age Men 62.42 62.67 63 63 63 63
Living Wage Family (EUR/Month) 640.00 663 663 664 660 685
Wage Growth (%) 7.00 3.9 3.8 3.2 3.5 3.6
Wages Low Skilled (EUR/Month) 678.00 702 702 704 700 726
Wages High Skilled (EUR/Month) 1250.00 1295 1295 1298 1290 1338
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 2.90 2.7 2.5 2.3 2.3 2.4
Inflation Rate Mom (%) 0.10 0.1 0.1 0.1 0.2 0.2
Consumer Price Index CPI (Index Points) 174.40 173 175 177 178 176
Core Consumer Prices (Index Points) 125.40 125 126 128 128 127
Core Inflation Rate (%) 2.60 2.2 2.2 2.2 2.2 2
Producer Prices (Index Points) 109.60 111 114 113 113 116
Producer Prices Change (%) 2.00 3.5 3.1 3 2.7 2.1
CPI Housing Utilities (Index Points) 249.50 248 253 255 254 253
CPI Transportation (Index Points) 132.40 127 128 132 131 130
Food Inflation (%) 4.90 4.4 2.6 1.9 1.9 1.7
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 0.00 0 0 0 0 0
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (EUR Million) -212.00 -150 600 430 430 -50
Current Account (EUR Million) -489.50 -480 -150 -400 -100 -570
Current Account to GDP (%) -2.50 -3 -3.6 -3.6 -3.6 -3.6
Imports (EUR Million) 6203.00 6050 6690 6890 6890 6150
Exports (EUR Million) 5891.00 5900 7290 7320 7320 6100
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 48.90 47.8 47.3 47.3 47.3 47.3
Government Budget (% of GDP) -0.70 -0.9 -1.5 -1.5 -1.5 -1.5
Government Spending (EUR Billion) 3.81 4.63 4.62 3.55 3.89 4.8
Government Spending to GDP (%) 40.60 40.5 40.3 40.3 40.3 40.3
Taxes Actual Q4 Q1 Q2 Q3 2020
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 Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 1.00 -7 -6 -6 -6 -8
Industrial Production (%) -8.10 1.7 1.7 1.7 1.7 1.6
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) -7.60 -8 -6 -5.8 -5.9 -4
Retail Sales MoM (%) -0.30 0.5 0.5 0.5 0.5 0.4
Retail Sales YoY (%) -2.90 3.7 3.7 3.7 3.7 3.1
Consumer Spending (EUR Billion) 10.82 11.43 11.4 10.76 11.07 11.84
Bank Lending Rate (%) 2.85 2.57 2.82 2.87 2.87 2.82
Gasoline Prices (USD/Liter) 1.45 1.32 1.29 1.31 1.27 1.29
Housing Actual Q4 Q1 Q2 Q3 2020
Construction Output (%) -6.90 2.4 2.4 2.4 2.4 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.