Key data points
Last release
—
Observation period
Q3 2024
Next release
—
Forecast
—
Highest
9.10 % on Sep 30, 2020
Lowest
−9.50 % on Mar 31, 2009
About Slovakia GDP Growth Rate
Slovakia has been one of the fastest growing economies in Europe. Foreign direct investment, especially in the automotive and electronic sectors, fueled much of the growth. On the expenditure side, household consumption is the main component of GDP and accounts for 57 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (19 percent). Exports of goods and services account for 92 percent of GDP while imports account for 88 percent, adding 4 percent of total GDP.