Slovakia's GDP growth has slowed in the 3Q19 with GDP in fixed prices increasing by 1.3%, down by 3.3 percentage points (pp) year-on-year, the lowest growth reported since 4Q13, said the Slovak Statistics Office on December 5.
Looking back, Slovakia's GDP posted a 3.8% growth in the 1Q19 and by 2.2% in the 2Q19. “Figures for previous quarters have been adjusted within the big benchmark data revision carried out in October,” said the office.
In quarter-on-quarter terms, real GDP growth in 3Q19 amounted to 0.4%. GDP in current prices amounted to €24.56bn, up by 3.4% y/y.
According to the office, GDP growth in the 3Q19 was positively affected mainly by domestic demand, going up by 4.3%, mainly due to the creation of gross capital with a growth of 9.6% y/y.
Final consumption of households increased by 1.8%, public administration by 3.7% and consumption of non-profit institutions serving households by 10.5%.