Slovakia's gross domestic product advanced by 2.1 percent from a year earlier in the fourth quarter of 2019, quickening from a 1.3 percent growth in the previous three-month period but slightly below market estimates of 2.3 percent, a preliminary estimate showed. On a seasonally adjusted quarter-on-quarter basis, the economy expanded 0.6 percent, the most in three quarters, compared to 0.4 percent in the previous period. Slovakia GDP Annual Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Annual Growth Rate in Slovakia averaged 3.89 percent from 1996 until 2019, reaching an all time high of 13.50 percent in the fourth quarter of 2007 and a record low of -6 percent in the second quarter of 2009. This page provides - Slovakia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistical Office of the Slovak Republic

GDP Annual Growth Rate in Slovakia is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Slovakia to stand at 2.40 in 12 months time. In the long-term, the Slovakia GDP Annual Growth Rate is projected to trend around 2.70 percent in 2021, according to our econometric models.


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Slovakia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.10 1.30 13.50 -6.00 1996 - 2019 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-09-06 07:00 AM YoY Final Q2 2% 3.7% 1.9%
2019-11-14 08:00 AM YoY Prel Q3 1.3% 2.2% 2.3% 2.1%
2019-12-05 08:00 AM YoY Final Q3 1.3% 2.2% 1.3% 1.3%
2020-02-14 08:00 AM YoY Prel Q4 2.1% 1.3% 2.3% 2.2%
2020-03-06 08:00 AM YoY Final Q4 1.3% 2.1% 2.1%
2020-05-15 07:00 AM YoY Prel Q1 2.2%
2020-06-05 07:00 AM YoY Final Q1 2.2%
2020-08-14 07:00 AM YoY Prel Q2 2.2%


News Stream
Slovak Economy Expands at Faster 2.1% YoY in Q4
Slovakia's gross domestic product advanced by 2.1 percent from a year earlier in the fourth quarter of 2019, quickening from a 1.3 percent growth in the previous three-month period but slightly below market estimates of 2.3 percent, a preliminary estimate showed. On a seasonally adjusted quarter-on-quarter basis, the economy expanded 0.6 percent, the most in three quarters, compared to 0.4 percent in the previous period.
2020-02-14
Slovak GDP Annual Growth Confirmed at 6-Year Low
Slovakia's GDP annual growth was confirmed at 1.3 percent in the third quarter of 2019, after a 2.2 percent expansion in the previous three-month period. That was the weakest growth rate since the second quarter of 2013, due to a slowdown in household consumption (1.8 percent vs 2.7 percent) and government spending (3.7 percent vs 5.0 percent). In addition, net external demand contributed negatively to GDP growth as exports fell 0.2 percent (vs -0.9 percent in Q2) while imports rose 3.3 percent (vs 1.5 percent in Q2). On the other hand, fixed investment jumped 7.8 percent, compared to 2.4 percent in the second quarter. On a seasonally adjusted quarter-on-quarter basis, the economy advanced by 0.4 percent, compared to 0.3 percent in the previous period.
2019-12-05
Slovak GDP Annual Growth at Over 6-Year Low
Slovakia's gross domestic product grew by 1.3 percent from a year earlier in the third quarter of 2019, easing from an upwardly revised 2.2 percent expansion in the previous three-month period and missing market expectations of 2.3 percent, a preliminary estimate showed. That was the weakest growth rate since the second quarter of 2013. On a seasonally adjusted quarter-on-quarter basis, the economy advanced by 0.4 percent, compared to 0.3 percent in the previous period.
2019-11-14
Slovak Q2 GDP Growth Revised Higher to 2%
Slovakia’s economy advanced 2.0% year-on-year in the second quarter of 2019, slowing from a 3.7% expansion in the previous period and higher than a preliminary estimates of 1.9%. On the production side, total industry output fell (-0.3% vs 4.1% in Q1), particularly manufacturing (-1.1% vs 4.2%) while public administration and defence; compulsory social security; education; human health and social work activities production advanced at a softer pace (6.5% vs 7.5%). On the other hand, wholesale and retail trade output increased faster (1.5% vs 0.5%). On the expenditure approach, gross fixed capital formation fell (-3.8% vs 2.1 %) while both household (1.9% vs 1.0%) and government consumption rose faster (4.2% vs 1.5%). Regarding net trade, exports dropped 1.9% (from 7.2% in Q1) while imports advanced 0.8% (from 6.4% in Q1). On a seasonally adjusted quarterly basis, the economy grew 0.5%, easing from a 0.7% rise in the previous quarter but higher than a preliminary estimates of 0.4%.
2019-09-06

Slovakia GDP Annual Growth Rate
In Slovakia, the most important industries are engineering, chemical, electrotechnical engineering, wood-processing and food industry. On the expenditure side, household consumption is the main component of GDP and accounts for 57 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (19 percent). Exports of goods and services account for 92 percent of GDP while imports account for 88 percent, adding 4 percent of total GDP.