The Slovakian construction industry is expected to grow by 1.6% in real terms in 2025, supported by a rise in manufacturing activities coupled with investment in energy and infrastructure projects. According to the Slovak Statistical Office (SOS), the Slovakian construction industry’s value-add grew by 2.9% year-on-year (YoY) in Q1 2025, an acceleration compared with a YoY decline of 1.9% in Q4 and a growth of 1.5% in Q3 2024. Moreover, the construction production index grew by 4.9% YoY in the first four months of 2025, preceded by an annual decline of 6.3% YoY in 2024. Also, the construction turnover index grew by 11.1% YoY in the first four months of 2025.
Over the remainder of the forecast period, the Slovak construction industry is expected to record an average annual growth rate of 4.2% from 2026 to 2029, supported by investments in infrastructure, industrial, and energy sectors, coupled with the government plan to increase the renewable energy share in gross final consumption from 17.5% in 2022 to 23% by 2030. In line with this, in May 2025, the government held a discussion with the US-based manufacturing company Westinghouse for the construction of a nuclear plant at the Jaslovské Bohunice. This project will see the construction of a nuclear plant with a capacity of 1.2GW, whose tender is planned to be launched in 2027 and construction scheduled to be completed by 2040 at an estimated cost of EUR10 billion ($10.9 billion). Previously, in January 2025, the government announced EUR350 million ($381.4 million) Modernization fund. Under this, the companies will receive between EUR300,000 to EUE50 million ($544,792.3 to $54.5 million) for supporting the construction of large hydropower plants and the construction and modernization of stand-alone new heat distribution systems.
Over the remainder of the forecast period, the Slovak construction industry is expected to record an average annual growth rate of 4.2% from 2026 to 2029, supported by investments in infrastructure, industrial, and energy sectors, coupled with the government plan to increase the renewable energy share in gross final consumption from 17.5% in 2022 to 23% by 2030. In line with this, in May 2025, the government held a discussion with the US-based manufacturing company Westinghouse for the construction of a nuclear plant at the Jaslovské Bohunice. This project will see the construction of a nuclear plant with a capacity of 1.2GW, whose tender is planned to be launched in 2027 and construction scheduled to be completed by 2040 at an estimated cost of EUR10 billion ($10.9 billion). Previously, in January 2025, the government announced EUR350 million ($381.4 million) Modernization fund. Under this, the companies will receive between EUR300,000 to EUE50 million ($544,792.3 to $54.5 million) for supporting the construction of large hydropower plants and the construction and modernization of stand-alone new heat distribution systems.
The Construction in Slovakia- Country Briefing (H2 2025) report provides detailed market analysis, information, and insights into Slovakia’s construction industry, including:
- Slovakia’s construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Slovakia’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope
This report provides a comprehensive analysis of the construction industry in Slovakia. It provides:
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Slovakia, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
- Assess market growth potential at a micro-level with over 600 time-series data forecasts
- Understand the latest industry and market trends
- Formulate and validate business strategies using the analyst's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance
3 Latest news and developments
4 Project analytics
List of Tables
Table 1: Construction Industry Key Data
Table 2: Slovakia, Producer Price Construction Material Price Index, December 2005=100
Table 3: Slovakia, Top Construction Projects by Value
Table 4: Slovakia, Construction Output Value (Real, $ Million)
Table 5: Slovakia, Construction Output Value (Nominal, EUR Million)
Table 6: the analyst Construction Market Definitions
Table 7: Risk Dimensions
Table 8: Ratings, Scores and Definitions
List of Figures
Figure 1: Slovakia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020-29
Figure 2: Slovakia, Construction Output Value, by Sector (Real, $ Million), 2020-29
Figure 3: Eastern Europe, Construction Output (Real % Change), 2023-29
Figure 4: Slovakia, Construction Output by Sector (Real % Change), 2023-25 and 2026-29
Figure 5: Slovakia, Construction Value-add (EUR Million, 2020 Constant Prices)
Figure 6: Slovakia, Construction Production Index (2021=100)
Figure 7: Slovakia, Construction Turnover Index Value (Average month of 2021 = 100)
Figure 8: Slovakia, Construction Materials and Components Price Indices, 2015=100
Figure 9: Slovakia, Gross Fixed Capital Formation (EUR Million, Constant Prices)
Figure 10: Slovakia, Construction Producer Price Index for New Residential Buildings, 2021=100
Figure 11: Slovakia, Total Number of People Employed in Construction, (Seasonally Adjusted, In Thousands)
Figure 12: Slovakia, Average monthly wages index for Construction, (corresponding period of previous year = 100)
Figure 13: Slovakia, Producer Price Index for Cement, December 2005=100
Figure 14: Slovakia, Total Number of Building Permits Issued
Figure 15: Slovakia, Total Number of Dwellings Started and Completed
Figure 16: Slovakia, Real Estate Value-add (EUR Million, 2020 Chained Prices)
Figure 17: Slovakia, Price Index for Dwellings, 2010=100, % Change YoY
Figure 18: Slovakia, New Orders in Manufacturing Industry (EUR Million)
Figure 19: Slovakia, Total Merchandise Exports (EUR Billion)
Figure 20: Slovakia, Number of Nights Spent by Visitors in Accommodation Establishments
Figure 21: Slovakia, Retail Trade Turnover Index (Same Period of the Previous Year = 100)
Figure 22: Slovakia, Manufacturing Value-add (EUR Million, 2020 Chained Prices)
Figure 23: Slovakia, Institutional Value-add (EUR Million, 2020 Chained Prices)
Figure 24: Slovakia, Construction Projects Pipeline, Value by Stage ($ Million)
