|
Strong recovery, but heavy reliance
on exports poses a risk
- Recovery has turned out to be well above earlier expectations: 4.2% growth in 2010
- Double-digit rebound in exports
- High unemployment rate hampers private consumption
- GDP growth will be lower in 2011 (3.3%) as a result of the government’s austerity measures
- Overreliance on external demand poses a risk, as exports may shrink due to austerity measures in Western Europe
Real GDP growth (%)
Source: EIU/IMF
 Download full country report on Slovakia
|
|
General Information
Capital - Bratislava
Government type - Republic
Currency - Euro
Population - 5.4 million
Status - Upper middle income country
(GDP/capita: US-$ 16,494 in 2011)
Main import sources (2009)
- Germany - 16.9%
- Czech Republic - 12.3%
- Russia - 9.0%
- China - 5.8%
- Hungary - 5.3%
Main export markets (2009)
- Germany - 20.1%
- Czech Republic - 12.9%
- France - 7.8%
- Poland - 7.2%
- Hungary - 6.3%
_________________
Date February 2011
|
Slovakia
