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Economy of Slovakia

Population: 5.4 million in 20131

GDP: $96 billion in 20132

GDP per capita: $18,047 nominal3 ($26,114 PPP4) in 2013

GDP growth rate: 1.4% in 20135


GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities30,01334.6%
Wholesale, retail trade, restaurants and hotels22,38825.8%
Transport, storage and communication8,0249.3%
Mining and utilities4,9275.7%
Agriculture, hunting, forestry, fishing2,9843.4%
Total value added86,739100%


Unemployment rate: 14.2% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Wholesale trade, retail trade and repair of motor vehicles29912.8%
Public administration and defence2008.6%
Human health and social work1647.0%
Transportation and storage1486.4%
Accommodation and food service1134.8%
Agriculture, forestry and fishing773.3%
Professional, scientific and technical713.0%
Administrative and support service642.8%
Finance and insurance522.3%
Information and communication522.2%
Other service361.5%
Arts, entertainment and recreation311.3%
Water supply, sewerage and waste management271.2%
Electricity, gas, steam and air conditioning231.0%
Real estate180.8%
Mining and quarrying110.5%
Activities of households as employers50.2%
Not elsewhere classified00.0%
Extraterritorial organizations and bodies00.0%
Total employment2,329100%


Top 10 Corporations by Revenue 20139



Household Wealth: $123 billion (128% of GDP) in 201410

Household Wealth per Adult: $28,630 in 201410

Gini Coefficient: .266 in 201111


Central Government

Central Government Revenue: $32 billion (33% of GDP) in 201312

Central Government Expenditure: $36 billion (37% of GDP) in 201312

Central Government Budget Balance: -$4 billion (-4% of GDP) in 201312

Central Government Public Debt: $122 billion (127% of GDP) in Q3 2014* 13

Central Government 10 Year Bond Interest Rate: 1.81% in Q3 201414

* Public Debt calculated using the exchange rate .882 EUR = 1 USD

Government Funds

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 15

Corporate Tax Rate: 22% in 201416

* Individual thresholds calculated using the exchange rate .882 EUR = 1 USD

Monetary Policy

Monetary Supply (Euro area, M1): $6.85 trillion in Nov 2014*17

Benchmark Interest Rate (Euro area): 0.05% in Sept 201418

Total Reserves: $2 billion (2% of GDP) in 201319

Exchange Rate: 20

Inflation: 1.4% in 201321

Financial Institutions

Top 10 Financial Institutions by Assets 201322

N/A (data not available at Relbanks.com)

International Accounts

Exports: $83 billion (86% of GDP) in 201323

Imports: $78 (81% of GDP) in 201323

Trade Balance: +$5 billion (+5% of GDP) in 201323

Foreign Direct Investment Inflow: $0.6 billion (0.6% of GDP) in 201324

Foreign Direct Investment Outflow: -$0.4 billion (-0.4% of GDP) in 201324

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $86 million (0.08% of GDP) in 201325


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: World Bank Indicators (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: IMF Dissemination Standards Bulletin Board, Access National Summary Data (Public debt) Go back
14. Source: FRED (Government bond yield) Go back
15. Source: OECD Stats, Public Sector, Taxation, Tax Database (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: ECB Monetary developments (Money supply) Go back
18. Source: ECB Key interest rates (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: Yahoo Finance (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: OECD FDI in Figures (FDI data) Go back
25. Source: OECD, Offical Development Assistance (Aid data) Go back