Economy


Economic History

A brief overview of Slovakia's economic history before and after separation.

Slovak Business practices

For those who wish to do business in Slovakia the US State Department has compiled some useful information.

Infrastructure

From Banking to Mining to Labor. Here's a look at various modern economic structures that are in place in the Slovak Republic.

Macroeconomic Performance & Forecast for 2007

2001 2002 2003 2004 2005 2006 2007
GDP growth (%) 3.4 4.8 4.8 5.2 6.6 8.5 8.7(f)
GDP (US$ bn) 62.8 68.6 73.1 78.9 86.1

Inflation (%) 7.2
3.5
8.4
7.5
2.8
4.3

Unemployment (%) 19.3
18.7
17.6
18.2
16.3
13.4

Fiscal balance (% of GDP) -6.5
-7.7
-2.7
-2.4
-2.8
-3.7

Foreign debt (% of GDP) 49.2
43.3
42.4
41.4
34.2
30.4

Source: Eurostat

The Slovak Republic joined the OECD, a group of 30 of the most developed countries in the world, in the year 2000. It joined the European Union in 2004.