Slovakia GDP Q4 2017


Slovakia: GDP growth ticks up in Q4

February 14, 2018

The Slovak economy remains strong. According to preliminary data released by the Central Statistics Office (KSH) on 14 February, the economy expanded 3.5% annually in Q4, accelerating marginally from the previous quarter’s 3.4% growth. In the same period, total employment increased 2.2% over Q4 2016 and 0.5% compared to Q3 2017.

On a quarter-on-quarter basis, GDP growth picked up from 0.8% in Q3 to a slightly stronger 0.9% increase in Q4, marginally above market expectations of 0.8% growth. More detailed data will be released on 7 March.

Slovakia GDP Forecast

FocusEconomics Consensus Forecast panelists expect GDP growth to reach 3.5% in 2018, which is unchanged from last month’s forecast. For 2019, the panel projects economic growth will reach 3.2%.

Author: Massimo Bassetti, Senior Economist

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Slovakia GDP Chart

Slovakia GDP Q4  2017

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

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