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%.
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.
Slovakia GDP from 1993 to 2024
The total market value of goods and services produced annually in Slovakia.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1993 | $ 13B 726M | $ 2,571.86 | $ 8,240.20 | $ 43B 978M | 0 % | -4.746 % | 20.05 % | 0 % | 5M 337K people |
1994 | $ 15B 838M | $ 2,950.87 | $ 8,888.36 | $ 47B 704M | 6.206 % | 4.193 % | 25.70 % | 0 % | 5M 367K people |
1995 | $ 20B 34M | $ 3,711.96 | $ 9,734.61 | $ 52B 539M | 7.872 % | 2.686 % | 26.14 % | -2.198 % | 5M 397K people |
1996 | $ 21B 659M | $ 4,004.76 | $ 10,578.93 | $ 57B 214M | 6.941 % | -9.667 % | 23.96 % | -8.254 % | 5M 408K people |
1997 | $ 21B 927M | $ 4,076.51 | $ 11,301 | $ 60B 787M | 4.445 % | -8.8 % | 26.18 % | -4.459 % | 5M 379K people |
1998 | $ 22B 825M | $ 4,236.59 | $ 11,874.59 | $ 63B 976M | 4.076 % | -9.573 % | 24.89 % | -3.3 % | 5M 388K people |
1999 | $ 20B 867M | $ 3,869.05 | $ 12,017.07 | $ 64B 813M | -0.106 % | -4.466 % | 24.80 % | -4.385 % | 5M 393K people |
2000 | $ 20B 730M | $ 3,839.79 | $ 12,420.51 | $ 67B 54M | 1.167 % | -3.083 % | 23.91 % | -9.538 % | 5M 399K people |
2001 | $ 21B 421M | $ 3,982.45 | $ 13,161.87 | $ 70B 795M | 3.254 % | -7.979 % | 22.74 % | -4.104 % | 5M 379K people |
2002 | $ 24B 888M | $ 4,626.83 | $ 13,968.73 | $ 75B 137M | 4.51 % | -7.603 % | 22.53 % | -5.256 % | 5M 379K people |
2003 | $ 34B 85M | $ 6,341.55 | $ 15,039.24 | $ 80B 834M | 5.499 % | -4.893 % | 20.82 % | -1.461 % | 5M 375K people |
2004 | $ 43B 190M | $ 8,040.08 | $ 16,267.92 | $ 87B 389M | 5.279 % | -5.85 % | 20.55 % | -0.873 % | 5M 372K people |
2005 | $ 49B 116M | $ 9,141.85 | $ 17,886.68 | $ 96B 99M | 6.624 % | -7.287 % | 22.42 % | -1.747 % | 5M 373K people |
2006 | $ 57B 492M | $ 10,700.34 | $ 20,003.38 | $ 107B 477M | 8.493 % | -7.026 % | 21.72 % | -2.69 % | 5M 373K people |
2007 | $ 77B 239M | $ 14,374.87 | $ 22,769.74 | $ 122B 346M | 10.832 % | -4.8 % | 23.50 % | -1.101 % | 5M 373K people |
2008 | $ 97B 170M | $ 18,074.64 | $ 24,488.99 | $ 131B 654M | 5.574 % | -6.358 % | 21.71 % | -1.605 % | 5M 376K people |
2009 | $ 89B 302M | $ 16,591.52 | $ 23,268.38 | $ 125B 240M | -5.455 % | -3.443 % | 17.12 % | -7.038 % | 5M 382K people |
2010 | $ 91B 237M | $ 16,925.87 | $ 25,095.68 | $ 135B 276M | 6.717 % | -4.629 % | 19.87 % | -6.359 % | 5M 390K people |
2011 | $ 99B 905M | $ 18,526.88 | $ 26,287.78 | $ 141B 755M | 2.671 % | -4.872 % | 20.93 % | -2.952 % | 5M 392K people |
2012 | $ 94B 684M | $ 17,519.97 | $ 27,010.31 | $ 145B 972M | 1.319 % | 0.929 % | 21.31 % | -2.764 % | 5M 404K people |
