Slovakia's economy shrank 8.3 percent on quarter in the three months to June 2020, following a 5.2 percent decline in the previous period. It was the second consecutive quarterly contraction and the sharpest since the first quarter of 2009, officially entering a recession as the coronavirus pandemic hit the economy. source: Statistical Office of the Slovak Republic
GDP Growth Rate in Slovakia averaged 0.81 percent from 1995 until 2020, reaching an all time high of 7.40 percent in the fourth quarter of 1998 and a record low of -9.10 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 October of 2020.
GDP Growth Rate in Slovakia is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Slovakia to stand at 1.10 in 12 months time. In the long-term, the Slovakia GDP Growth Rate is projected to trend around 0.90 percent in 2021 and 1.00 percent in 2022, according to our econometric models.