Trade Balance in Slovakia

Slovakia - Trade Balance
GDP growth improved in the first quarter of this year. The acceleration was spearheaded by stronger domestic demand: Eased Covid-19 restrictions pushed up average annual retail sales growth to 16.0% in Q1 from 2.4% in Q4, pointing to healthier private spending growth. Less positively, the external sector weakened in Q1, weighing on the overall result. Turning to Q2, available data paints a mixed picture. Both business and consumer confidence improved in April, suggesting that private sector was broadly resilient to a slowing global economy and supply bottlenecks arising from the war in Ukraine and lockdowns in China. That said, inflation shot up to a record high in April and will likely remain at all-time highs in the coming months, in turn hurting household consumption in Q2. Meanwhile, on 23 May, S&P Global Ratings slashed the outlook of Slovakia’s A+ rating from stable to negative.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 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Slovakia: Harmonized inflation drops in December
January 13, 2023
Harmonized inflation came in at 15.0% in December, down from November’s 15.1%.
-
Slovakia: Decline in industrial activity worsens significantly in November
January 10, 2023
Industrial output contracted 10.7% year on year in November (October: -2.6% yoy).
-
Slovakia: Harmonized inflation rises in November
December 16, 2022
Harmonized inflation rose to 15.1% in November, following October’s 14.5%.
-
Slovakia: Decline in industrial activity worsens in October
December 9, 2022
Industrial output dropped 2.6% year on year in October (September: -1.9% yoy).
-
Slovakia: GDP growth improves moderately in Q3
December 6, 2022
GDP growth accelerated to 1.4% year on year in the third quarter, from 1.3% in the second quarter, according to comprehensive data.