Trade Balance in Slovakia

Slovakia Trade Balance | Economic News & Forecasts

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  

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Slovakia Trade Balance Chart

Slovakia Trade
Note: Trade balance in EUR billion.
Source: Bank of Slovakia.

Slovakia Facts

Value Change Date
Bond Yield0.13-4.12 %Dec 31
Exchange Rate1.120.65 %Dec 31

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