Page 42 - CE Outlook Regions 2022

2.6 Macroeconomy - Slovakia

Slovakia key economic figures and forecasts

2016 2017 2018 2019 2020 2021 2022

Nominal GDP (EUR bn) 81.5 83.9 87.0 89.2 84.9 88.0 91.7

Real GDP (% yoy) 2.1 3.0 3.7 2.5 -4.8 4.4 5.1

Industrial output (% yoy) 4.6 3.3 4.3 0.5 -9.1 9.9 4.6

Unemployment rate (avg, %) 9.6 8.1 6.5 5.8 6.7 7.0 6.7

Nominal industrial wages (% yoy) ?

Producer prices (avg, % yoy) ?

Consumer prices (avg, % yoy) -0.5 1.3 2.5 2.7 1.9 2.5 4.2

Consumer prices (eop, % yoy) ?

General budget balance (% of GDP) -2.6 -1.0 -1.0 -1.3 -6.2 -6.5 -4.1

Public debt (% of GDP) 52.4 51.6 49.7 48.2 60.3 64.1 65.5

Current account balance (% of GDP) -2.7 -1.9 -2.2 -2.7 -0.4 0.3 0.2

Official FX reserves (EUR bn) ?

Gross foreign debt (% of GDP) ?

EUR/LC (avg) ?

USD/LC (avg) ?

Source: Slovak Statistics Office, Finance Ministry, Institute for Financial Policy, FocusEconomics

2.6.1 GDP growth

According to the latest forecast by the Slovak finance ministry,
Slovakia's economy is expected to grow by 4.2% in 2022, driven
mainly by investments. The ministry expects the epidemic to slow
down at the beginning of 2022 and companies to start investing
again. Total investment in the economy will thus rise by almost 17%

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