Includes historical data for Slovak Republic’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
A Dynamic, Export-Oriented Economy
With a population of approximately 5.5 million, Slovakia boasts a dynamic, heavily export-oriented economy. A member of both the EU and the Eurozone, Slovakia’s strategic location near key Western European markets, skilled workforce, and robust banking sector make it an appealing destination for foreign direct investment (FDI). Slovakia is the world’s largest per capita car producer and a thriving center for consumer electronics industries. Other relevant sectors contributing to the economy are engineering, metallurgy, chemicals and pharmaceuticals, as well as tourism and service industries.
Despite these strengths, the investment climate presents challenges, including a high sensitivity to fluctuations in export demand, a shortage of skilled labor, and tax rates above the regional average.
Macroeconomy & Sovereign Data
| Type of Government | Parliamentary republic |
|---|---|
| Capital | Bratislava |
| Sovereign Ratings |
S&P: A+ Moody’s: A2 Fitch: A |
| Total Population | 5.4 million |
| Median Age | 40.6 |
| Adult Per Capita Income (PPP) | 38,915.76 |
| Total GDP (2023) | 140.8 billion |
Slovak Republic GDP & Economic Overview
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Banking & Finance
Trade & Investment
| Total Exports | USD 108.6 billion (2023) |
|---|---|
| Leading Exports |
Cars And Vehicle Parts Video Displays Broadcasting Equipment Tires Refined Petroleum |
| Total Imports | USD 112.7 billion (2022) |
| Leading Imports |
Cars And Vehicle Parts Broadcasting Equipment Crude Petroleum Natural Gas Insulated Wiring |
| Source: | World Integrated Trade Solution |
Slovak Republic Leading Companies
| Slovenská sporiteľňa | Financials |
|---|---|
| Tatra banka | Financials |
| Slovnaft | Oil & Gas Exploration & Production |
| Slovenský plynárenský priemysel | Oil, Gas & Consumable Fuels |
| Slovenské elektrárne | Electric Utilities |
| Penta Investments | Conglomerate, Financials, Retail, Real Estate |
| COOP Jednota | Consumer Staples, Food Retail |
Major Trade Partners — Import
| Germany | 19% |
|---|---|
| Czech Republic | 10% |
| Unspecified | 9% |
| China | 7% |
| Russia | 6% |
Source: World Integrated Trade Solution
Major Trade Partners — Export
| Germany | 22% |
|---|---|
| Czech Republic | 12% |
| Poland | 8% |
| Hungary | 7% |
| France | 6% |
Source: World Integrated Trade Solution
Global Finance Rankings & Awards
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000