Slovakia: Economy

Economic Trivia

The service industry employs about 69% of the population and contributes over 61% of Slovakia's GDP.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): Germany, Czech Republic, and Poland
Top 3 Exported Goods (2014): Motor Vehicles & Parts, Electrical Machinery, and Industrial Machinery

Top Industries Source: CIA World Factbook

Metal and Metal Products; Food and Beverages; Electricity; Gas

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $153,491,435,733 (2014)
GDP Growth Rate (annual %) 2.522% (2014)
GDP Per Capita, PPP (current international) $28,327 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 70/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) -0.076% (2014)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 51.2% (2015)
Real Interest Rate (5 year average %) 2.848% (2008)
Manufacturing, value added (% of GDP) 20.918% (2014)
Current Account Balance (BoP, current US$) $175,523,755 (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 2,738,420 (2014)
Employment in Agriculture (% of total employment) 3.5% (2014)
Employment in Industry (% of total employment) 35.5% (2014)
Employment in Services (% of total employment) 60.9% (2014)
Unemployment Rate 13.3% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $88,423,441,892 (2014)
Exports of goods and services (current US$) $92,081,525,429 (2014)
Total Merchandise Trade (% of GDP) 168.291% (2014)
FDI, net inflows (BoP, current US$) $85,077,802 (2014)
Commercial Service Exports (current US$) $9,063,303,991 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Slovakia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary