Skyline of Bratislava, Slovakia

Slovakia GDP Q3 2020

Slovakia: GDP drops less sharply in Q3

According to a preliminary estimate, the economy contracted at a softer pace in Q3, with GDP declining 2.4% year-on-year (Q2 2020: -12.1% year-on-year) as the easing of Covid-19 restrictions from May allowed activity to resume.

Although a detailed breakdown is not yet available, consumption and investment likely fell at a softer pace in the quarter, while higher activity in the automotive industry in Q3 helped to cushion the downturn.

Meanwhile, on a seasonally-adjusted quarter-on-quarter basis, activity bounced back, growing 11.7% in Q3 (Q2 2020: -8.3% s.a. qoq) and logging the best result on record.

More detailed data will be released on 4 December.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest