Name: Slovakia Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

Slovakia’s economy expanded by 1.7% from a year ago in 2022, following a 3% rise in the previous year. Growth was mainly supported by household consumption and fixed investment. Meanwhile, net external demand contributed negatively to the GDP growth, as imports rose more than exports. source: Statistical Office of the Slovak Republic

Full Year GDP Growth in Slovakia averaged 3.44 percent from 1996 until 2022, reaching an all time high of 10.80 percent in 2007 and a record low of -5.50 percent in 2009. This page includes a chart with historical data for Slovakia Full Year GDP Growth. Slovakia Full Year GDP Growth - values, historical data and charts - was last updated on June of 2023.

Full Year GDP Growth in Slovakia is expected to reach 1.30 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Slovakia Full Year GDP Growth is projected to trend around 3.60 percent in 2024 and 3.40 percent in 2025, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	0.20	0.30	percent	Mar 2023
GDP Annual Growth Rate	0.90	1.20	percent	Mar 2023
GDP	114.87	105.17	USD Billion	Dec 2021

Slovakia Full Year GDP Growth

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.