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 (2019): Germany, Czechia, and Poland
Top 3 Exported Goods (2019): 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) [1]

GDP, PPP (current international) $179,815,207,249 (2021)
GDP Growth Rate (annual %) 3.02% (2021)
GDP Per Capita, PPP (current international) $33,010 (2021)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 74/197 (2021)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 3.15% (2021)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 49.7% (2019)
Real Interest Rate (5 year average %) 7.412% (2016)
Manufacturing, value added (% of GDP) 19.223% (2021)
Current Account Balance (BoP, current US$) ($2,219,789,145) (2021)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 2,776,061 (2021)
Employment in Agriculture (% of total employment) 2.103% (2020)
Employment in Industry (% of total employment) 36.063% (2020)
Employment in Services (% of total employment) 61.834% (2020)
Unemployment Rate 6.74% (2021)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $108,551,917,486 (2021)
Exports of goods and services (current US$) $107,816,396,125 (2021)
Total Merchandise Trade (% of GDP) 180.376% (2021)
FDI, net inflows (BoP, current US$) ($330,595,869) (2020)
Commercial Service Exports (current US$) $11,132,008,428 (2021)
Click on a row to display its 5-year graph on the right.

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.

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

Sources

  1. The World Bank