Slovakia's GDP changed from approximately $13B 726M in 1993 to $140B 808M in 2024, showing an overall 925.8% sharply increased during the period.
The lowest GDP was recorded in 1993 at $13B 726M, and the highest in 2024 at $140B 808M.
Over the 31-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 7.8%.
For comparison, the average annual growth rate of Czech Republic was 6.0%, and that of Hungary was 5.3%.
Slovakia GDP from 1993 to 2024
The total market value of goods and services produced annually in Slovakia.
Overview of Slovakia's GDP (1993–2024)
The Gross Domestic Product (GDP) of Slovakia recorded a 925.8% sharply increased from 1993 to 2024.
The average GDP during this period was $69B 933M, and the median was $89B 106M.
GDP fluctuated within a range of $127B 82M, with a standard deviation of $40B 523M.
The average annual change was $4B 136M.
Highest and Lowest GDP Records
- Lowest GDP: 1993, $13B 726M
- Highest GDP: 2024, $140B 808M
- Most Recent GDP: 2024, $140B 808M
Notable Annual GDP Changes
- 2008: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Slovakia's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $105B 723M → $106B 646M
- Outcome: remained stable
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $77B 239M → $89B 302M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $20B 730M → $21B 421M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $21B 927M → $22B 825M
- Outcome: increased
Key Economic Indicators of Slovakia (1993–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1993 | 0 % | $ 13B 726M | $ 43B 978M | $ 2,571.86 | $ 8,240.20 | 20.05 % | 5M 337K people | -4.746 % | 0 % |
1994 | 6.206 % | $ 15B 838M | $ 47B 704M | $ 2,950.87 | $ 8,888.36 | 25.70 % | 5M 367K people | 4.193 % | 0 % |
1995 | 7.872 % | $ 20B 34M | $ 52B 539M | $ 3,711.96 | $ 9,734.61 | 26.14 % | 5M 397K people | 2.686 % | -2.198 % |
1996 | 6.941 % | $ 21B 659M | $ 57B 214M | $ 4,004.76 | $ 10,578.93 | 23.96 % | 5M 408K people | -9.667 % | -8.254 % |
1997 | 4.445 % | $ 21B 927M | $ 60B 787M | $ 4,076.51 | $ 11,301 | 26.18 % | 5M 379K people | -8.8 % | -4.459 % |
1998 | 4.076 % | $ 22B 825M | $ 63B 976M | $ 4,236.59 | $ 11,874.59 | 24.89 % | 5M 388K people | -9.573 % | -3.3 % |
1999 | -0.106 % | $ 20B 867M | $ 64B 813M | $ 3,869.05 | $ 12,017.07 | 24.80 % | 5M 393K people | -4.466 % | -4.385 % |
2000 | 1.167 % | $ 20B 730M | $ 67B 54M | $ 3,839.79 | $ 12,420.51 | 23.91 % | 5M 399K people | -3.083 % | -9.538 % |
2001 | 3.254 % | $ 21B 421M | $ 70B 795M | $ 3,982.45 | $ 13,161.87 | 22.74 % | 5M 379K people | -7.979 % | -4.104 % |
2002 | 4.51 % | $ 24B 888M | $ 75B 137M | $ 4,626.83 | $ 13,968.73 | 22.53 % | 5M 379K people | -7.603 % | -5.256 % |
2003 | 5.499 % | $ 34B 85M | $ 80B 834M | $ 6,341.55 | $ 15,039.24 | 20.82 % | 5M 375K people | -4.893 % | -1.461 % |
2004 | 5.279 % | $ 43B 190M | $ 87B 389M | $ 8,040.08 | $ 16,267.92 | 20.55 % | 5M 372K people | -5.85 % | -0.873 % |
2005 | 6.624 % | $ 49B 116M | $ 96B 99M | $ 9,141.85 | $ 17,886.68 | 22.42 % | 5M 373K people | -7.287 % | -1.747 % |
2006 | 8.493 % | $ 57B 492M | $ 107B 477M | $ 10,700.34 | $ 20,003.38 | 21.72 % | 5M 373K people | -7.026 % | -2.69 % |
2007 | 10.832 % | $ 77B 239M | $ 122B 346M | $ 14,374.87 | $ 22,769.74 | 23.50 % | 5M 373K people | -4.8 % | -1.101 % |
2008 | 5.574 % | $ 97B 170M | $ 131B 654M | $ 18,074.64 | $ 24,488.99 | 21.71 % | 5M 376K people | -6.358 % | -1.605 % |
2009 | -5.455 % | $ 89B 302M | $ 125B 240M | $ 16,591.52 | $ 23,268.38 | 17.12 % | 5M 382K people | -3.443 % | -7.038 % |
2010 | 6.717 % | $ 91B 237M | $ 135B 276M | $ 16,925.87 | $ 25,095.68 | 19.87 % | 5M 390K people | -4.629 % | -6.359 % |
2011 | 2.671 % | $ 99B 905M | $ 141B 755M | $ 18,526.88 | $ 26,287.78 | 20.93 % | 5M 392K people | -4.872 % | -2.952 % |
2012 | 1.319 % | $ 94B 684M | $ 145B 972M | $ 17,519.97 | $ 27,010.31 | 21.31 % | 5M 404K people | 0.929 % | -2.764 % |