Slovakia's GDP growth slowed down to its lowest level since 4Q13

Slovakia's GDP growth slowed down to its lowest level since 4Q13
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
By bne IntelliNews December 10, 2019

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%.

Data

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