Rising integration in GVCs has boosted foreign trade openness
Slovak participation in GVCs is high, especially in manufacturing
Increased integration in world trade has strengthened the economy
High participation in GVCs has boosted productivity
Labour productivity gains have decelerated since the global financial crisis
FDI inflows and participation in GVCs have weakened since the crisis
Domestic value added in exports is relatively low and stable
Ratio of domestic value added to gross output has remained weak in the automotive industry
Productivity in the automotive industry has improved sharply
Productivity gains have been very modest in the services sectors
Productivity gains have been much stronger in large firms than SMEs
There are large productivity gaps and rising wage disparities between small and large firms
Proficiency in problem solving in technology-rich environments is relatively low
Slovak employment is strongly dependent on foreign final demand
Integration of Slovak domestic services in GVCs is low
The share of high-skilled adults and their contribution to GVCs is low
The migration balance has increased but is still low
Students’ education outcomes are weak and deteriorating
Increases in skills and participation in global value chains has slowed since 2000
Professional management is scarcely used
Spending on higher education is low
Resources devoted to private-sector research and innovation are low
The efficiency and quality of public research need to be improved
Gaps in the insolvency regime weakens entrepreneurship
Road infrastructure quality and security need to be improved