Unemployment in Slovakia

Slovakia Unemployment | Economic News & Forecasts

Slovakia - Unemployment

GDP growth rose marginally in the third quarter, as an improvement in consumer sentiment, strong wage growth and continued job gains buttressed consumer spending. However, fixed investment contracted, following a surge in the previous quarter, likely due to cooling business confidence and rising interest rates. According to available indicators, the economy is set to record another quarter of healthy, albeit softer expansion in Q4, again supported by strong private consumption: Retail sales soared and the labor market remained tight in October, while consumers became much less pessimistic in October-November. On the production side, industrial output gained speed in October, while construction continued to surge in the month. In its latest report on the stability of the financial sector, released in early December, the Central Bank suggested that it may further increase the countercyclical capital buffer for banks next year in order to restrain credit growth and prevent economic overheating.

Slovakia - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate14.2  13.2  11.5  9.7  8.1  

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Slovakia Unemployment Chart

Slovakia Unemployment
Note: Unemployment in % of active population.
Source: Slovakia Statistical Office (SOSR).

Slovakia Facts

Bond Yield0.60-4.12 %Jan 14
Exchange Rate1.150.65 %Jan 14
Stock Market3350.0 %Jan 14

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