Trade Balance in Slovakia
Slovakia - Trade Balance
After a significantly softer GDP expansion in Q3, Q4 growth has likely been constrained by a surge in Covid-19 infections and the arrival of the Omicron variant. New restrictions were introduced in October and a lockdown was implemented in November, although restrictions on vaccinated citizens were eased somewhat in December. Looking at key indicators, retail sales growth fell in October, while consumer confidence declined through November. Expanding the country’s meager vaccination rate is vital for the recovery to gain pace. While recent progress has been slow, ongoing restrictions on non-vaccinated people and the recent move to offer cash handouts for seniors in return for their vaccination will likely provide a boost ahead. On a more positive note, October data indicated improved industrial and export momentum, suggesting a slight easing of semiconductor shortages.Slovakia - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | 3.1 | 1.8 | 0.8 | 0.1 | -3.0 |
Slovakia Trade Balance Chart
Source: Bank of Slovakia.
Slovakia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.13 | -4.12 % | Dec 31 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Slovakia: Inflation comes in at highest level since December 2004 in November
December 17, 2021
Consumer prices rose 0.54% from the previous month in November, broadly stable from October's 0.59% increase.
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Slovakia: Decline in industrial output softens in October
December 10, 2021
Industrial output slid 0.6% year-on-year in October (September: -4.8% yoy).
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Slovakia: GDP growth plunges in the third quarter amid input shortages
December 3, 2021
A second reading confirmed that GDP growth moderated to 1.3% year-on-year in the third quarter from 9.6% in the second quarter, thus marking one of the weakest growth figures in the Euro area. The downturn was broad-based, with private consumption, public spending, fixed investment and exports all weakening.
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Slovakia: GDP growth moderates in the third quarter
November 16, 2021
According to a preliminary estimate, GDP growth moderated to 1.3% year-on-year in the third quarter from 9.6% in the second quarter, undershooting market expectations.
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Slovakia: Inflation comes in at highest level since October 2008 in October
November 15, 2021
Consumer prices rose 0.59% in October over the previous month, slowing down from September's 0.82% increase.
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