| Introduction - Slovakia: |
| Location - Slovakia: |
| People - Slovakia: |
| Government - Slovakia: |
| Economy - Slovakia: |
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 2001-04 in macroeconomic stabilization and structural reform. Major privatizations are nearly complete, the banking sector is almost completely in foreign hands, and the government has helped facilitate a foreign investment boom with business friendly policies such as labor market liberalization and a 19% flat tax. Foreign investment in the automotive sector has been strong. Slovakias economic growth exceeded expectations in 2001-06 despite the general European slowdown. Unemployment, at an unacceptable 18% in 2003-04, dropped to 10.2% in 2006 but remains the economys Achilles heel. Slovakia joined the EU on 1 May 2004. |
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Gdp purchasing power parity | $99.19 billion (2006 est.) |
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Gdp official exchange rate | $47.72 billion (2006 est.) |
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Gdp real growth rate | 8.3% (2006 est.) |
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Gdp per capita ppp | $18,200 (2006 est.) |
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Gdp composition by sector | agriculture: 3.8%
industry: 31.4%
services: 64.8% (2006 est.) |
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Labor force | 2.629 million (2006 est.) |
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Labor force by occupation | agriculture 5.8%, industry 29.3%, construction 9%, services 55.9% (2003) |
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Unemployment rate | 10.2% (2006 est.) |
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Population below poverty line | 21% (2002) |
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Household income or consumption by percentage share | lowest 10%: 3.1%
highest 10%: 20.9% (1996) |
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Distribution of family income gini index | 25.8 (1996) |
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Inflation rate consumer prices | 4.4% (2006 est.) |
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Investment gross fixed | 27.6% of GDP (2006 est.) |
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Budget | revenues: $24.57 billion
expenditures: $26.14 billion; including capital expenditures of $NA (2006 est.) |
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Public debt | 36.1% of GDP (2006 est.) |
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Agriculture products | grains, potatoes, sugar beets, hops, fruit; pigs, cattle, poultry; forest products |
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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 |
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Industrial production growth rate | 7.8% (2006 est.) |
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Electricity production | 31.29 billion kWh (2005) |
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Electricity consumption | 28.57 billion kWh (2005) |
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Electricity exports | 11.29 billion kWh (2005) |
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Electricity imports | 8.57 billion kWh (2005) |
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Oil production | 11,480 bbl/day (2005 est.) |
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Oil consumption | 74,000 bbl/day (2004 est.) |
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Oil exports | 77,660 bbl/day (2004) |
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Oil imports | 138,200 bbl/day (2004) |
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Oil proved reserves | 9 million bbl (1 January 2006) |
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Natural gas production | 135 million cu m (2005 est.) |
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Natural gas consumption | 6 billion cu m (2005 est.) |
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Natural gas exports | 1 million cu m (2005 est.) |
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Natural gas imports | 6.5 billion cu m (2005 est.) |
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Natural gas proved reserves | 15.01 billion cu m (1 January 2005 est.) |
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Current account balance | -$3.781 billion (2006 est.) |
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Exports | $39.64 billion f.o.b. (2006 est.) |
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Exports commodities | vehicles 25.9%, machinery and electrical equipment 21.3%, base metals 14.6%, chemicals and minerals 10.1%, plastics 5.4% (2004) |
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Exports partners | Germany 23.7%, Czech Republic 14.1%, Italy 6.5%, Poland 6.2%, Austria 6%, Hungary 5.8%, France 4.3%, Netherlands 4.2% (2006) |
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Imports | $41.84 billion f.o.b. (2006 est.) |
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Imports commodities | machinery and transport equipment 41.1%, intermediate manufactured goods 19.3%, fuels 12.3%, chemicals 9.8%, miscellaneous manufactured goods 10.2% (2003) |
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Imports partners | Germany 23.6%, Czech Republic 18.2%, Russia 11%, Hungary 6%, Austria 5.5%, Poland 4.9%, Italy 4.4% (2006) |
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Reserves of foreign exchange and gold | $15.75 billion (2006 est.) |
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Debt external | $31.5 billion (30 June 2006 est.) |
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Economic aid recipient | $12.67 billion in available EU structural adjustment and cohesion funds (2007-13) |
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Currency code | Slovak koruna (SKK) |
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Exchange rates | koruny per US dollar - 29.611 (2006), 31.018 (2005), 32.257 (2004), 36.773 (2003), 45.327 (2002) |
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| Communications - Slovakia: |
| Transportation - Slovakia: |
| Military - Slovakia: |
This page was last updated on 16 September, 2007
