Slovakia: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developed |
| Economic Trivia | The service industry employs about 69% of the population and contributes over 61% of Slovakia's GDP. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2016): Germany, Czech Republic, and Poland |
| Top Industries Source: CIA World Factbook | Metal and Metal Products; Food and Beverages; Electricity; Gas |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $165,424,192,947 (2016) |
| GDP Growth Rate (annual %) | 3.325% (2016) |
| GDP Per Capita, PPP (current international) | $30,460 (2016) |
GDP Country Rank 72/195 (2016)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | -0.52% (2016) |
| External debt stocks, total (DOD, current US$) | Data unavailable |
| Total tax rate (% of commercial profits) | 51.6% (2017) |
| Real Interest Rate (5 year average %) | 7.412% (2016) |
| Manufacturing, value added (% of GDP) | 22.617% (2016) |
| Current Account Balance (BoP, current US$) | ($1,291,443,165) (2016) |
Labor and Employment [1]
| Labor Force, Total | 2,749,328 (2017) |
| Employment in Agriculture (% of total employment) | 2.907% (2017) |
| Employment in Industry (% of total employment) | 36.341% (2017) |
| Employment in Services (% of total employment) | 60.752% (2017) |
| Unemployment Rate | 7.9% (2017) |
Trade [1]
| Imports of goods and services (current US$) | $81,799,389,995 (2016) |
| Exports of goods and services (current US$) | $84,943,185,973 (2016) |
| Total Merchandise Trade (% of GDP) | 170.571% (2016) |
| FDI, net inflows (BoP, current US$) | $3,548,472,664 (2016) |
| Commercial Service Exports (current US$) | $8,459,949,424 (2016) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
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.