Mining, manufacturing, and utilities contributed 25.4% to the gross value added (GVA) in 2023, followed by financial intermediation, real estate, and business activities (23.0%), and wholesale, retail, and hotel activities (13.2%). In nominal terms, the three sectors are expected to grow by 7.3%, 7.2%, and 7.2%, respectively, in 2024.
Three major regions in Slovakia were home to 75.9% of the country’s population in 2022, according to EuroStat.
The SKSM index has been on a volatile trend. As of December 13, 2023, the index stood at 315.4, compared to 340.2 on December 13, 2022.
Three major regions in Slovakia were home to 75.9% of the country’s population in 2022, according to EuroStat.
The SKSM index has been on a volatile trend. As of December 13, 2023, the index stood at 315.4, compared to 340.2 on December 13, 2022.
Scope
- In April 2023, the European Commission announced allocation of EUR190 million ($206.5 million) to foster development of railway infrastructure in Slovakia.
Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Table of Contents
- Did You Know?
- Country Highlights
- Key Economic Updates
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
- Exhibit 1: Slovakia’s performance in terms of the country’s risk analysis in comparison to Eastern Europe and the world
- Exhibit 2: Performance overview (score: 0-100)
- Exhibit 3: Broad categories and weights behind the index
- Exhibit 4: SKSM index, (December 2022 - December 2023)
- Exhibit 5: Key sectors contribution to the economy (2019-26f)
- Exhibit 6: FDI inflows, FDI outflows, FDI inward stock and FDI outward stock (2018-22)
- Exhibit 7: Greenfield FDI projects and net cross border M&As seller deals (2018-22)
- Exhibit 8: Key infrastructure indicators
- Exhibit 9: Real GDP and household consumption growth rate (2019-26f)
- Exhibit 10: Real GDP growth rate comparison (2023e)
- Exhibit 11: Volume of exports and imports growth (2019-26f)
- Exhibit 12: Current account balance (2019-26f)
- Exhibit 13: Top three commodity exports, % of total exports (2018-22)
- Exhibit 14: Vehicles other than railway or tramway rolling stock, and parts and accessories thereof exports, % of world total (2022)
- Exhibit 15: Interest rates (December 2018 - December 2023)
- Exhibit 16: Exchange rate and inflation (2019-26f)
- Exhibit 17: Public finance (2019-26f)
- Exhibit 18: General government debt (2019-26f)
- Exhibit 19: Unemployment rate (2019-26f)
- Exhibit 20: Average annual wages (2019-26f)
- Exhibit 21: Labor cost index (2019-26f)
- Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025f)
- Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025f)
- Exhibit 24: Gender split (1995, 2005, 2015, 2025f)
- Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2023e)
- Exhibit 26: Number of patents granted per million population (2022)
- Exhibit 27: High-technology exports, % of manufactured exports (2022)
- Exhibit 28: Rule of law index (rankings) 2023
- Exhibit 29: Corruption perceptions index (rankings) (2022)
- Exhibit 30: Renewable energy, installed capacity (2019-23e)
- Exhibit 31: CO2 emissions (2018-22)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Sloval Telekom
- PENTA
