GDP in Slovakia
Slovakia - GDP
Growth decelerates sharply in Q4 to over one-year low
Economic growth appears to have hit the brakes in the fourth quarter. According to preliminary data released by the Central Statistics Office (KSH) on 14 February, the economy expanded 3.6% annually in Q4, down from Q3’s 4.6% increase, marking the lowest reading in over a year. On seasonally-adjusted quarter-on-quarter basis, GDP growth in the fourth quarter inched down to 0.8%, from Q3’s revised 1.1% expansion.
Although a breakdown by components is not yet available, fixed investment likely eased in Q4 due to completed projects in the all-important automobile sector a quarter earlier. Meanwhile, slower demand from Germany—a key partner in the European supply chain—drove a deceleration of exports at year-end, likely dragging on the fourth-quarter result.
More detailed data will be released on 7 March.
FocusEconomics Consensus Forecast panelists expect growth to reach 3.8% in 2019, which is unchanged from last month’s forecast. For 2020, the panel projects economic growth will moderate to 3.2%.
Slovakia - GDP Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, annual variation in %) | 1.5 | 2.8 | 3.9 | 3.3 | 3.4 |
Slovakia GDP Chart
Source: Slovakia Statistical Office (SOSR) and FocusEconomics calculations.
Slovakia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.51 | -4.12 % | Feb 14 |
| Exchange Rate | 1.13 | 0.65 % | Feb 14 |
| Stock Market | 336 | 0.0 % | Feb 14 |
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Economic News
Slovakia: Growth decelerates sharply in Q4 to over one-year low
February 14, 2019
Economic growth appears to have hit the brakes in the fourth quarter.
Slovakia: Industrial production at a 9-month low in December
February 11, 2019
Industrial production rose 3.1% on an annual basis in December, a tad below November’s 3.3% rise.
Slovakia: Harmonized inflation falls to 14-month low in December
January 15, 2019
Consumer prices dropped 0.1% month-on-month in December, matching November’s reading.
Slovakia: Industrial output slows in November
January 10, 2019
Industrial production rose 3.3% on an annual basis in November, decelerating from October’s logged 6.2% increase.
Slovakia: Inflation falls notably in November
December 14, 2018
Consumer prices dropped 0.1% month-on-month in November, contrasting October’s 0.1% increase.
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