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%. GDP Annual Growth Rate in Slovakia averaged 3.94 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.

GDP Annual Growth Rate in Slovakia is expected to be 3.30 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 3.50 in 12 months time. In the long-term, the Slovakia GDP Annual Growth Rate is projected to trend around 3.30 percent in 2020, according to our econometric models.

Slovakia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-15 07:00 AM GDP Growth Rate YoY Prel Q1 3.7% 3.6% 3.6% 3.9%
2019-06-06 07:00 AM GDP Growth Rate YoY Final Q1 3.7% 3.6% 3.7% 3.7%
2019-08-14 07:00 AM GDP Growth Rate YoY Prel Q2 1.9% 3.7% 3.3% 3.5%
2019-09-06 07:00 AM GDP Growth Rate YoY Final Q2 2% 3.7% 1.9%
2019-11-14 08:00 AM GDP Growth Rate YoY Prel Q3 2% 3.3%
2019-12-06 08:00 AM GDP Growth Rate YoY Final Q3 2% 3.3%


Slovakia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.70 7.40 -9.10 percent [+]
GDP Annual Growth Rate 2.00 3.70 13.50 -6.00 percent [+]
GDP 106.47 95.62 106.47 5.80 USD Billion [+]
GDP Constant Prices 21.79 20.07 22.33 8.56 EUR Million [+]
Gross Fixed Capital Formation 4.78 3.91 5.88 2.24 EUR Billion [+]
GDP per capita 20669.90 19882.50 20669.90 7675.59 USD [+]
GDP per capita PPP 31326.30 30132.92 31326.30 11632.75 USD [+]
GDP From Agriculture 0.66 0.54 1.20 0.20 EUR Billion [+]
GDP From Construction 1415.00 887.00 2113.00 600.00 EUR Million [+]
GDP From Manufacturing 5524.00 5264.00 5587.00 1019.00 EUR Million [+]
GDP From Public Administration 2.55 2.42 2.67 1.35 EUR Billion [+]
GDP From Services 3736.00 3382.00 3903.00 1820.00 EUR Million [+]


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. This page provides - Slovakia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 3.70 13.50 -6.00 1996 - 2019 percent Quarterly
NSA




Country Last Previous
China 6.20 Jun/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
United States 2.30 Jun/19
Spain 2.10 Jun/19
Netherlands 2.00 Jun/19
South Korea 2.00 Jun/19
Saudi Arabia 1.70 Mar/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
Euro Area 1.20 Jun/19
United Kingdom 1.20 Jun/19
Brazil 1.00 Jun/19
Japan 1.00 Jun/19
Russia 0.90 Jun/19
South Africa 0.90 Jun/19
Argentina 0.60 Jun/19
Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Jun/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19


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