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Macroeconomic Outlook Report - Slovakia

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    Country Profile

  • 46 Pages
  • January 2024
  • Region: Slovakia
  • GlobalData
  • ID: 5176927
Mining, manufacturing, and utilities contributed 25.4% to the gross value added (GVA) in 2023, followed by financial intermediation, real estate, and business activities (23.0%), and wholesale, retail, and hotel activities (13.2%). In nominal terms, the three sectors are expected to grow by 7.3%, 7.2%, and 7.2%, respectively, in 2024.

Three major regions in Slovakia were home to 75.9% of the country’s population in 2022, according to EuroStat.

The SKSM index has been on a volatile trend. As of December 13, 2023, the index stood at 315.4, compared to 340.2 on December 13, 2022.

Scope

  • In April 2023, the European Commission announced allocation of EUR190 million ($206.5 million) to foster development of railway infrastructure in Slovakia.

Reasons to Buy

  • Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
  • PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
  • Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
  • This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.

Table of Contents

  • Did You Know?
  • Country Highlights
  • Key Economic Updates
  • Country Snapshot
  • Political Landscape
  • Economic Landscape
  • Social Landscape
  • Technological Landscape
  • Legal Landscape
  • Environmental Landscape
  • Outlook
List of Tables
  • Exhibit 1: Slovakia’s performance in terms of the country’s risk analysis in comparison to Eastern Europe and the world
  • Exhibit 2: Performance overview (score: 0-100)
  • Exhibit 3: Broad categories and weights behind the index
  • Exhibit 4: SKSM index, (December 2022 - December 2023)
  • Exhibit 5: Key sectors contribution to the economy (2019-26f)
  • Exhibit 6: FDI inflows, FDI outflows, FDI inward stock and FDI outward stock (2018-22)
  • Exhibit 7: Greenfield FDI projects and net cross border M&As seller deals (2018-22)
  • Exhibit 8: Key infrastructure indicators
  • Exhibit 9: Real GDP and household consumption growth rate (2019-26f)
  • Exhibit 10: Real GDP growth rate comparison (2023e)
  • Exhibit 11: Volume of exports and imports growth (2019-26f)
  • Exhibit 12: Current account balance (2019-26f)
  • Exhibit 13: Top three commodity exports, % of total exports (2018-22)
  • Exhibit 14: Vehicles other than railway or tramway rolling stock, and parts and accessories thereof exports, % of world total (2022)
  • Exhibit 15: Interest rates (December 2018 - December 2023)
  • Exhibit 16: Exchange rate and inflation (2019-26f)
  • Exhibit 17: Public finance (2019-26f)
  • Exhibit 18: General government debt (2019-26f)
  • Exhibit 19: Unemployment rate (2019-26f)
  • Exhibit 20: Average annual wages (2019-26f)
  • Exhibit 21: Labor cost index (2019-26f)
  • Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025f)
  • Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025f)
  • Exhibit 24: Gender split (1995, 2005, 2015, 2025f)
  • Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2023e)
  • Exhibit 26: Number of patents granted per million population (2022)
  • Exhibit 27: High-technology exports, % of manufactured exports (2022)
  • Exhibit 28: Rule of law index (rankings) 2023
  • Exhibit 29: Corruption perceptions index (rankings) (2022)
  • Exhibit 30: Renewable energy, installed capacity (2019-23e)
  • Exhibit 31: CO2 emissions (2018-22)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Sloval Telekom
  • PENTA