GDP in Slovakia
GDP growth moderates in
According to a preliminary release, seasonally adjusted year-on-year GDP growth moderated in Q1, coming in at 0.9% (Q4: +1.2%). According to the press release, net trade and investment were the main drivers of growth in Q1. The full breakdown will be released on 6 June.
On a seasonally adjusted quarter-on-quarter basis, growth decelerated to 0.1% (Q4: 0.3%).
Year-on-year GDP growth is set to remain roughly stable in Q2. Still-high inflation and rising interest rates are likely weighing on private consumption. That said, easing supply shortages and stronger net exports are likely giving a boost to industry.
Slovakia GDP Chart
Slovakia GDP Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
GDP (USD bn) | 95.5 | 106.0 | 105.7 | 106.5 | 118.6 |