This Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries.

The economic situation and policies of the Slovak republic were reviewed by the Committee on 6 April 2017. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 23 May 2017.

The Secretariat’s draft report was prepared for the Committee by Claude Giorno and Gabriel Machlica under the supervision of Peter Jarrett. The Survey also benefitted from consultancy work by Martin Haluš, Kristína Londáková, Michaela Černěnko, Dávid Martinák and Ján Toman. Statistical assistance was provided by Paula Adamczyk, Béatrice Guerard and Eun Jung Kim and editorial assistance by Amelia Godber.

The previous Survey of the Slovak Republic was issued in November 2014.

Information about the latest as well as previous Surveys and more information about how Surveys are prepared is available at www.oecd.org/eco/surveys.

  
Basic statistics OF Slovak Republic, 2016
(Numbers in parentheses refer to the OECD average)*

LAND, PEOPLE AND ELECTORAL CYCLE

Population (million)

5.4

Population density per km2

110.7

(37.2)

 Under 15 (%)

15.2

(17.9)

Life expectancy (years, 2014)

76.9

(80.6)

 Over 65 (%)

14.4

(16.6)

 Men

73.3

(77.9)

 Foreign-born (%, 2013)

3.3

 Women

80.5

(83.3)

Latest 5-year average growth (%)

0.1

(0.6)

Latest general election

March 2014

ECONOMY

Gross domestic product (GDP)

Value added shares (%)

 In current prices (billion USD)

89.6

 Primary sector

3.8

(2.5)

 In current prices (billion EUR)

81.0

 Industry including construction

34.8

(26.6)

 Latest 5-year average real growth (%)

2.5

(1.9)

 Services

61.4

(70.7)

 Per capita (000 USD PPP)

31.2

(42.1)

GENERAL GOVERNMENT

Per cent of GDP

Expenditure

41.6

(40.9)

Gross financial debt

59.1

(111.8)

Revenue

40.0

(38.9)

Net financial debta

35.7

(72.8)

EXTERNAL ACCOUNTS

Exchange rate (EUR per USD)

0.904

Main exports (% of total merchandise exports)

PPP exchange rate (USA = 1)

0.478

 Machinery and transport equipment

61.0

In per cent of GDP

 Manufactured goods

16.4

 Exports of goods and services

93.8

(53.9)

 Miscellaneous manufactured articles

9.2

 Imports of goods and services

90.1

(49.3)

Main imports (% of total merchandise imports)

 Current account balance

-0.7

(0.3)

 Machinery and transport equipment

48.3

 Net international investment position (2014)

-62.9

 Manufactured goods

15.0

 Miscellaneous manufactured articles

12.9

LABOUR MARKET, SKILLS AND INNOVATION

Employment rate for 15-64 year-olds (%)

64.9

(67.0)

Unemployment rate, Labour Force Survey (age 15 and over) (%)

9.7

(6.3)

 Men

71.4

(74.7)

 Youth (age 15-24, %)

22.2

(13.0)

 Women

58.3

(59.3)

 Long-term unemployed (1 year and over, %, 2015)

7.1

(2.2)

Participation rate for 15-64 year-olds (%, 2015)

70.9

(71.3)

Tertiary educational attainment 25-64 year-olds (%, 2015)

21.1

(35.0)

Average hours worked per year (2015)

1 754

(1 766)

Gross domestic expenditure on R&D (% of GDP, 2015)

1.2

(2.4)

ENVIRONMENT

Total primary energy supply per capita (toe, 2015)

3.0

(4.1)

CO2 emissions from fuel combustion per capita (tonnes, 2014)

5.4

(9.3)

 Renewables (%, 2015)

8.5

(9.6)

Water abstractions per capita (1 000 m3, 2014)

0.1

Exposure to air pollution (more than 10 μg/m3 of PM2.5, % of population, 2015)

100.0

(75.2)

Municipal waste per capita (tonnes, 2015)

0.3

(0.5)

SOCIETY

Income inequality (Gini coefficient, 2013)

0.269

(0.311)

Education outcomes (PISA score, 2015)

Relative poverty rate (%, 2013)

8.4

(11.1)

 Reading

453

(493)

Median disposable household income (000 USD PPP, 2013)

14.2

(22.0)

 Mathematics

475

(490)

Public and private spending (% of GDP)

 Science

461

(493)

 Health care (2015)

7.0

(9.0)

Share of women in parliament (%)

20.0

(28.7)

 Pensions (2013)

7.6

(9.1)

Net official development assistance (% of GNI)

0.12

(0.39)

 Education (primary, secondary, post sec. non tertiary, 2013)

2.7

(3.7)

Better life index: www.oecdbetterlifeindex.org

* Where the OECD aggregate is not provided in the source database, a simple OECD average of latest available data is calculated where data exist for at least 29 member countries.

Source: Calculations based on data extracted from the databases of the following organisations: OECD, International Energy Agency, World Bank, International Monetary Fund and Inter-Parliamentary Union.