![]() Panorama of Bratislava business district | |
Currency | Euro (EUR, €) |
---|---|
Calendar year | |
Trade organisations | EU, WTO, OECD |
Country group | |
Statistics | |
Population | 5,428,797 (2023)[3] |
GDP | |
GDP rank | |
GDP growth |
|
GDP per capita | |
GDP per capita rank | |
GDP by sector |
|
| |
Population below poverty line | |
21.6 low (2023)[8] | |
54 out of 100 points (2023)[10] (47th) | |
Labour force | |
Labour force by occupation |
|
Unemployment | |
Average gross salary | €1,418 per month |
€1,067 per month | |
Main industries | automobiles; metal and metal products; electricity, gas, coke, oil, nuclear fuel; chemicals, synthetic fibers, wood and paper products; machinery; earthenware and ceramics; textiles; electrical and optical apparatus; rubber products; food and beverages; pharmaceutical |
External | |
Exports | $107.43 billion (2021 est.)[5] |
Export goods | vehicles and related parts 27%, machinery and electrical equipment 20%, nuclear reactors and furnaces 12%, iron and steel 4%, mineral oils and fuels 5% (2015) |
Main export partners |
|
Imports | $107.358 billion (2021 est.)[5] |
Import goods | machinery and electrical equipment 20%, vehicles and related parts 14%, nuclear reactors and furnaces 12%, fuel and mineral oils 9% (2015) |
Main import partners | |
FDI stock | |
-$2.875 billion (2021 est)[5] | |
Gross external debt | $75.04 billion (2016)[5] |
Public finances | |
Revenues | 41.5% of GDP (2019)[15] |
Expenses | 42.8% of GDP (2019)[15] |
Economic aid |
|
$9.61 billion (31 December 2021 est.)[5] | |
All values, unless otherwise stated, are in US dollars. |
The economy of Slovakia is based upon Slovakia becoming an EU member state in 2004, and adopting the euro at the beginning of 2009. Its capital, Bratislava, is the largest financial centre in Slovakia. As of Q1 2018, the unemployment rate was 5.72%.[22]
Whereas between 1970 and 1985 real incomes increased by about 50%, they fell in the 1990s. The gross domestic product only returned to its 1989 level in 2007.[23]
Due to the Slovak GDP growing very strongly from 2000 until 2008 – e.g. 10.4% GDP growth in 2007 – the Slovak economy was referred to as the Tatra Tiger.
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