Economic Growth in Slovakia
GDP growth moderates in
According to a preliminary release, seasonally adjusted year-on-year GDP growth moderated in Q1, coming in at 0.9% (Q4: +1.2%). According to the press release, net trade and investment were the main drivers of growth in Q1. The full breakdown will be released on 6 June.
On a seasonally adjusted quarter-on-quarter basis, growth decelerated to 0.1% (Q4: 0.3%).
Year-on-year GDP growth is set to remain roughly stable in Q2. Still-high inflation and rising interest rates are likely weighing on private consumption. That said, easing supply shortages and stronger net exports are likely giving a boost to industry.
Slovakia Economic Growth Chart
This chart displays Economic Growth (GDP, annual variation in %) for Slovakia from 2013 to 2022.
Slovakia Economic Growth Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 2.9 | 4.0 | 2.5 | -3.3 | 4.9 |