International Presence and Activities
ECONOMY - SMALL, FAST CONVERGING...
Real GDP growth
(% y/y)
ā A2/A+/A (Moody's/S&P/Fitch) credit ratings
comfortable in investment grade
EUR 94.2 bln economy (as of 2019). Decline of real
GDP in the pandemic year 2020 less steep than in
Eurozone (-5.2%) and also less steep than in 2009
GDP per capita in euro terms increased by 46% in
the past decade, since 2000 it more than
quadrupled (from EUR 4,100 to EUR 17,300 in
2019)
GDP per capita in purchasing power standard (PPS)
increased from 43% of former EU15 average in
2000 to 69% in 2019
GDP per capita in PPS
(EU15=100; in %)
11%
9%
7%
5%
3%
1%
-1%
-3%
-5%
-7%
1998
2000
2002
2004
2006
2008
2010
2012
2014
Slovakia
Euro Area
2016
2018
2020
Slovak GDP by components
(p.p. contribution and % y/y change)
7%
5%
Change
4.0%
3.0%
Country
2000
2017
2018
2019
'19/'00
3%
Slovakia
43
66
68
69
26
1%
Czech Rep.
62
83
84
85
23
-1%
Hungary
45
63
66
68
23
-3%
Poland
41
64
66
68
27
-5%
Germany
104
114
114
113
9
-7%
Austria
112
117
119
119
7
2017
2018
EU 27
86
93
93
94
8
Source: Ameco database, retrieved on March 5, 2021, Slovak Stats Office
Consumption
Net exports
Fixed investments
GDP total
2019
2.3%
2020
Inventories & Other
5
-5.2%
-5.2%
-6.8%View entire presentation