Current Account in Slovakia
Slovakia - Current AccountGDP growth slowed considerably in Q3. The industrial and external sectors were both affected by ongoing supply constraints—in particular regarding semiconductors for the country’s hugely important auto industry—with growth in industrial production and exports averaging markedly lower compared to Q2. Private consumption likely remained more robust amid a lower Covid-19 case count and lower unemployment, but spending could have been dampened to an extent by rising price pressures. Heading into Q4, Covid-19 infections have surged amid a low vaccination rate, forcing fresh restrictions in October. Further curbs on unvaccinated citizens were implemented in November, likely denting activity further in the near term. On the flipside, the move should boost the country’s flagging vaccination rate and thus limit disruption from the virus further ahead.
Slovakia - Current Account Data
|Current Account (% of GDP)||-1.7||-2.1||-2.1||-2.4||-2.9|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Current Account Chart
Source: Bank of Slovakia.
|Bond Yield||0.13||-4.12 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
November 16, 2021
According to a preliminary estimate, GDP growth moderated to 1.3% year-on-year in the third quarter from 9.6% in the second quarter, undershooting market expectations.
November 15, 2021
Consumer prices rose 0.59% in October over the previous month, slowing down from September's 0.82% increase.
November 10, 2021
Industrial output declined 4.9% in year-on-year terms in September, which contrasted August's 0.7% increase.
October 14, 2021
Consumer prices increased 0.82% in September over the previous month, picking up from August's 0.38% rise.
October 11, 2021
Industrial production rose 0.9% year-on-year in August (July: +7.8% yoy).