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| Economy overview | Slovakia has mastered much of the difficult transition from a centrally planned economy to a modern market economy. The DZURINDA government made excellent progress during 2001-03 in macroeconomic stabilization and structural reform. Major privatizations are nearly complete, the banking sector is almost completely in foreign hands, and foreign investment has picked up. Slovakia's economy exceeded expectations in 2001-03, despite the general European slowdown. Unemployment, at an unacceptable 15% in 2003, remains the economy's Achilles heel. The government faces other strong challenges in 2004, especially cutting the budget deficit, containing inflation, and strengthening the health care system. |
| GDP | purchasing power parity - $72.29 billion (2004 est.) |
| GDP - real growth rate | 3.9% (2004 est.) |
| GDP - per capita | purchasing power parity - $13,300 (2004 est.) |
| GDP - composition by sector |
agriculture: 5.9% industry: 47.9% services: 46.2% (2004 est.) |
| Investment gross fixed | 25.8% of GDP (2004 est.) |
| Population below poverty line | NA |
| Household income or consumption by percentage share |
lowest 10%: 5.1% highest 10%: 18.2% (1992) |
| Distribution of family income - Gini index | 26.3 (1996) |
| Inflation rate consumer prices | 8.6% (2004 est.) |
| Labor force | 2.58 million (2004 est.) |
| Labor force by occupation | agriculture 8.9%, industry 29.3%, construction 8%, transport and communication 8.2%, services 45.6% (1994) |
| Unemployment rate | 15.2% (2004 est.) |
| Budget |
revenues: $12.03 billion expenditures: $13.69 billion, including capital expenditures of na (2004 est.) |
| Public debt | 37.6% of GDP (2004 est.) |
| Agriculture products | grains, potatoes, sugar beets, hops, fruit; pigs, cattle, poultry; forest products |
| Industries | metal and metal products; food and beverages; electricity, gas, coke, oil, nuclear fuel; chemicals and manmade fibers; machinery; paper and printing; earthenware and ceramics; transport vehicles; textiles; electrical and optical apparatus; rubber products |
| Industrial production growth rate | 7.2% (2004 est.) |
| Electricity production | 30.29 billion kWh (2001) |
| Electricity production by source |
fossil fuel: 30.3% hydro: 16% other: 0% (2001) nuclear: 53.6% |
| Electricity consumption | 24.41 billion kWh (2001) |
| Electricity exports | 5.141 billion kWh (2001) |
| Electricity imports | 1.381 billion kWh (2001) |
| Oil production | 1,000 bbl/day (2001 est.) |
| Oil consumption | 82,000 bbl/day (2001 est.) |
| Oil exports | NA (2001) |
| Oil imports | NA (2001) |
| Oil proved reserves | 4.5 million bbl (1 January 2002) |
| Natural gas production | 292 million cu m (2001 est.) |
| Natural gas consumption | 7.932 billion cu m (2001 est.) |
| Natural gas exports | 0 cu m (2001 est.) |
| Natural gas imports | 7.205 billion cu m (2001 est.) |
| Natural gas proved reserves | 7.504 billion cu m (1 January 2002) |
| Current account balance | $-277.4 million (2004 est.) |
| Exports | $21.25 billion f.o.b. (2004 est.) |
| Exports commodities | machinery and transport equipment 39.4%, intermediate manufactured goods 27.5%, miscellaneous manufactured goods 13%, chemicals 8% (1999) |
| Exports partners | Germany 37.2%, Czech Republic 12%, Austria 9.8%, Italy 5.4%, Poland 4.7%, US 4.7%, Hungary 4.2% (2003) |
| Imports | $21.9 billion f.o.b. (2003 est.) |
| Imports commodities | machinery and transport equipment 37.7%, intermediate manufactured goods 18%, fuels 13%, chemicals 11%, miscellaneous manufactured goods 9.5% (1999) |
| Imports partners | Germany 27.5%, Czech Republic 18.3%, Russia 10.8%, Austria 6.4%, Italy 5.6%, Poland 4.1%, Hungary 4% (2003) |
| Reserves of foreign exchange gold | $11.74 billion (2004 est.) |
| Debt external | $18.31 billion (2004 est.) |
| Economic aid recipient | ODA $113 million (2000),; $92 million EU structural adjustment funds (2000 est.) |
| Currency | Slovak koruna (SKK) |
| Currency code | SKK |
| Exchange rates | koruny per US dollar - 36.7729 (2003), 45.3267 (2002), 48.3548 (2001), 46.0352 (2000), 41.3628 (1999) |
| Fiscal year | calendar year |
Introduction and Background to Slovakia | Geography Of Slovakia | People Of Slovakia | Government Of Slovakia | Communications Of Slovakia | Transportation Of Slovakia | Military Of Slovakia | Transnational Issues Of Slovakia
Slovak Flag Map Of Slovakia
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