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2024/10/18 11:26:21

Economy of Slovakia

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Content

The main articles are:

GDP

2022: Industry's share of GDP - less than 25%

Data for 2022

2021: Agriculture's share of GDP - less than 2%

Data for 2021

2020: Trade with Russia accounts for 5% of Slovakia's GDP

Data for 2020

National debt

2023: State debt - 59% of GDP

Data for September 2023

Inflation

2022

Inflation in November - 14.9%

Data for November 2022

Inflation in July - 13.2%

Inflation in Europe in July 2022.
UK data - for June, inflation in July - 10.1%

Budget

2024: EU's biggest budget deficit - 6% of GDP

Investments

2023: Reduced foreign investment

Data for 2023

Energy carriers

Gas transit from Russia to Slovakia through the territory of Ukraine

Slovakia is a member of the Three Seas Initiative, aimed at countering Russia.

As of June 2022
How much European countries depend on Russian gas, 2020
Зависимость ряда the European countries from Russian gas, data for 2019 and 2020

Power

2025:5 operating nuclear reactors

The number of operating nuclear reactors in countries around the world according to Bloomberg as of February 2025:

2024: Top EU spot for nuclear fuel purchases from Russia from 2022

The leader in the consumption of nuclear fuel of Russian origin in 2024 was Slovakia, which has contracts for the supply of nuclear fuel from Rosatom (through TVEL) for its Mokhovets and Bogunice nuclear power plants until 2026, with the possibility of extension until 2030. At the same time, in 2022, Slovakia began to look for an alternative supplier, having agreed with the US-Canadian company Westinghouse in 2023 on the supply of nuclear fuel from 2026.

According to The World Nuclear Industry Status Report 2025, Ljubljana purchased 80 tons of nuclear fuel in 2022, almost tripled this volume to 231 tons in 2023, and reduced to 178 tons in 2024 (against 54 tons in 2021).

2022: Rise in electricity prices due to pressure on Russia

A colossal rise in electricity prices in the EU could "kill the economy," Slovak Prime Minister Eduard Heger said in an interview with the Financial Times at the end of September 2022. He demanded that Brussels allocate €5 billion from unused regional funds to Slovakia in order to reduce energy bills for business. "Otherwise, [Slovak enterprises] will close and can destroy the whole economy," the politician says. According to him, the increased electricity bills have brought Slovakia to the brink of "collapse."

Energy generation by nuclear power plants in EU countries in 2022

Heger warned that in the absence of support from Brussels, the government would be forced to nationalise the electricity system. According to the Financial Times, at the beginning of the year, the Slovak authorities decided to sell excess capacity, which are now forced to buy back at inflated prices. "Slovaks buy for €500 what they sold for €100," the head of the Cabinet explained.

Динамика роста цен на electric power from August 1, 2021 to August 1, 2022 in countries Europe

2021

Natural gas is the main source of energy in the country

The average price of electricity is €270,92/MVt·ch

Data as of October 7, 2021

2020: Average energy consumption per capita

and
Energy consumption per capita, including electricity, transport heating in 2019-2020

Largest companies

Infocommunication technologies

Social media

2019

Percentage of users Facebook of the total number of Internet users in Europe. Data at the beginning of 2019

Transport

2021: Average train speed - 85.4 km/h

According to data available for July 2022.

Automotive market

2022

Slovakia allowed flying cars

At the end of January 2022, it became known that an auto-aircraft hybrid vehicle called AirCar received an official airworthiness certificate from the Slovak Transport Administration. The certificate was obtained in the category of experimental aircraft and is valid throughout the territory. European Union This is the first time Slovakia I have allowed use. flying cars More. here

The minimum age for driving is 17 years
Data for 2022

2021

Driving penalty with phone in hand €60
Data for 2021
1 million cars produced
Data for 2021

Agriculture

10th in the world in terms of export of dried apricots - $2.41 million

Slovakia took the 10th place in the world in terms of export of dried apricots, which in 2024 delivered products worth $2.41 million. This is evidenced by the data of the Grand View Research study, the results of which TAdviser got acquainted with in early December 2025. Read more here

2021: 2.8% of workers are employed in agriculture

Data for 2021

2019: Low use of pesticides in agriculture

As of 2019

Food industry

2021: Cheese production - 8.1kg per capita

Data for 2021

Foreign trade

2024: 2nd in the EU for US car exports - $6.2 billion

2022

Germany is the largest export destination

According to data available for August 2023

Trade deficit with China

2018: Clothing exports - $1.4 billion

2018 data

Labour market

2023: 2.9% of the population is not working full time

Data for 2023

2022: Proportion of workers aged 65 or over - less than 5%

Data for 2022

2020: Pension granted from the age of 63, real retirement age for men is 60

Data as of 2020

2019: Average labor productivity - $35.83 per hour

Data for 2019

Unemployment

2023: Youth unemployment 18.8%

2022: Unemployment rate - 6 %

Безработица в countries EU and Britain for July 2022

2020: Unemployment rate - 7.8%

Countries around the world in terms of unemployment in 2020

Welfare of citizens

2023: $2 billionaires

The number of dollar billionaires in Europe in 2023

2020: 2nd since the end in the EU in terms of financial assets of citizens

The 5 richest and 5 poorest EU countries. Financial assets per person in thousands of dollars (black), liabilities (blue), net financial assets (red)

2018: In Slovakia - 1.8 billionaires for 10 million people

The number of dollar billionaires per 10 million people, as well as the total number of dollar billionaires in Europe in 2018

Salaries

2024: Maximum personal income tax rate - 25%

Data as of February 2024

2023: Minimum wage - $572

Minimum wage in countries of the world for January 2023

2021: Average net income per employee - 8.7 thousand euros per year

Data for 2021

2018: Salaries of top officials in government management

Salaries of the first persons in the management of the state in Europe, data at the end of 2018

2017: Average monthly salary

Average monthly salary in Europe and Kazakhstan. Data for 2017

Real estate

2025: Slovakia halts all real estate deals due to hacking of cadastral ministry servers

As a result of a large-scale cyber attack on the systems of the geodetic, cartographic and cadastral department of Slovakia (UGKK), which occurred in early January 2025, the work of the real estate market was completely paralyzed in the country. Read more here.

2021: The average level of housing provision for the population

Data for 2021

2020: Property prices rise by 16%

Leading countries in terms of real estate price growth in 2020

Consumption

2023: Pork is the most consumed type of meat

The most consumed type of meat (including fish and seafood) according to data available for June 2023.

2021

Prostitution: Abolitionism. Buying and selling sexual services is legal, organised activities are often illegal

Data as of December 2021

There are 163 pet dogs per 1,000 people

Data for 2021

2019

Wine consumption - 17 liters per person

Data for 2019

Low coffee consumption - 3.4 kg per year per person

Data for 2019

Pork is the most consumed type of meat

The most consumed type of meat at the end of 2019

Beer consumption in liters per year per person

Потребление beer per capita, data from early 2019
Годовое потребление beer per capita population in liters with a 5% strength in 2019

2018

Per capita tea consumption per kg per year

Потребление tea per capita, population kg per year. Data for 2018

Milk consumption in liters per year per person

Milk consumption in liters per year per person. Data at the end of 2018

Tourism

2021: Largest outbound tourism destination - Czech Republic

Data for 2021

2019

Revenues of international tourism - 3.5% of the total export of goods and services

According to the 2019 World Tourism Organization report.

More than 30% of the population went on tourist trips. Czech Republic is the most popular country

Data for 2019

2018

Tourism revenues

Data for 2018

Number of foreign tourists

As of 2018

Number of countries with visa-free entry

Data for 2018

See also