Slovakia GDP


GDP accelerates in Q3

In the third quarter, GDP grew 0.9% over the same period last year according to the flash estimate that the Statistical Office of the Slovak Republic (SOSR) released on 14 November. The print matched the 0.9% increase tallied in the second quarter. More detailed data will be released on 4 December.

A quarter-on-quarter comparison, however, does not corroborate the slight slowdown in the annual figures; GDP rose a seasonally-adjusted 0.3% over the previous quarter, which was up from the 0.2% increase in the second quarter.

The National Bank of Slovakia (NBS) projects that GDP will grow 0.6% in 2013 and 2.3% in 2014. FocusEconomics Consensus Forecast panelists expect GDP growth to reach 0.9% this year, which is unchanged from last month's forecast. For 2014, the panel projects that economic growth will accelerate to 2.2%, which is also unchanged from last month's estimate.


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Slovakia GDP Chart

Slovakia GDP Q3 2013

Note: Year-on-year changes of GDP in %.
Source: Statistical Office of the Slovak Republic (SOSR) and FocusEconomics Consensus Forecast.

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