Fixed Investment in Slovakia
The Slovakian economy recorded average fixed investment growth of 2.6% in the decade to 2022, above the 2.2% average for the Euro Area. In 2022, fixed investment growth was 4.5%. For more investment information, visit our dedicated page.
Slovakia Investment Chart
Slovakia Investment Data
|Fixed Investment (ann. var. %)||2.8||6.7||-10.9||3.5||4.5|
Fastest GDP growth since Q1 2022 in Q3
According to a preliminary estimate, GDP growth gained momentum to 2.0% year on year in the third quarter from 1.2% in the second quarter. Q3's reading marked the best result since Q1 2022. On a seasonally adjusted quarter-on-quarter basis, economic growth picked up to 1.1% in Q3, following the previous period's 0.5% growth. Q3's reading marked the best result since Q2 2021.
A full breakdown will not be available until 5 December. However, the statistical office said that net trade had driven growth in Q3; in contrast, domestic demand decreased due to a slowdown in private spending and a fall in inventories.
Marian Kociš, analyst at Erste Group, said: “For 2023, we expect GDP growth will be around 1.3% year on year thanks to the expected fiscal stimulus of EUR 5 billion from EU funds (approximately 5% of GDP). The determining factor remains the country's ability to efficiently and quickly absorb these resources.”
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Slovak investment projections for the next ten years from a panel of 12 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable investment forecast available for Slovak investment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Slovak investment projections.
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