Skyline of Bratislava, Slovakia

Slovakia GDP Q3 2022

Slovakia: GDP growth improves moderately in Q3

GDP growth accelerated to 1.4% year on year in the third quarter, from 1.3% in the second quarter, according to comprehensive data. The figure was up slightly from the flash estimate of 1.2% growth. Solid increases in net exports and investment, and a softer decline in public spending, were behind the reading.

Household spending growth fell to 3.0% in Q3, marking the weakest expansion since Q1 2021 (Q2: +4.3% yoy). Public spending contracted at a slower rate of 2.1% in Q3 (Q2: -7.1% yoy). Meanwhile, fixed investment growth accelerated to 8.2% in Q3, from the 0.5% increase logged in the previous quarter.

On the external front, exports of goods and services growth hit an over one-year high of 8.8% in the third quarter, rebounding from the second quarter’s 0.9% contraction. In addition, imports of goods and services bounced back, growing 6.9% in Q3 (Q2: -1.4% yoy), marking the best reading since Q2 2021.

On a seasonally-adjusted quarter-on-quarter basis, economic growth was steady at 0.4% in Q3.

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