Slovakia is one of the fastest developing nations in Europe and draws in investors from all over Europe.

A tight monetary policy has achieved the desired effect by bringing inflation down to one of the lowest in Central and Eastern Europe. And Slovakia has also led the region with an steady growth in GDP over the last decades.

Strenghts : Steady economic GDP growth until 2008, FDI, Low public debt, Euro (since the 1st of January 2009)

Weaknesses: Current economic crisis, unemployment, bad governance, dependance on foreign investors

Main economic indicators for Slovakia

	2011	2012	2013	2014 (f)
GDP growth (%)	3.2	2.0	0.9	2.3
Inflation (yearly average) (%)	4.1	3.7	1.7	2.0
Budget balance (% GDP)	-5.1	-4.3	-3.0	-4.0
Current account balance (% GDP)	-2.1	-2.2	3.5	4.2
Public debt (% GDP)	43.3	52.1	55.3	57.5

(f) Forecast

Related articles

The Slovak economy

Statistics for Slovakia

The finance sector in Slovakia

 

To go further

Ministry of Finance of the Slovakia
Presentation of the Ministry and its budget, selection of useful links.
http://www.finance.gov.sk

Ministry of Economy of the Slovakia
Reports on the orientations of the Slovak economy, selection of economic sectors in Slovakia.
http://www.economy.gov.sk

National Bank of Slovakia
Presentation of the national bank, exchange rate, reports and online macro-economic studies.
http://www.nbs.sk