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Slovakia Debt to GDP Ratio

Slovakia's debt to GDP ratio reached 59.7% in 2024. This is the highest level since 2021. The ratio was 55.8% in 2023. The government's primary deficit added 3.9 percentage points to the debt increase. Interest costs added 1.4 percentage points. The general government deficit widened to 5.3% of GDP in 2024 from 5.2% in 2023. Delayed military equipment deliveries temporarily boosted fiscal performance. Slovakia's record low debt to GDP was 48% in 2019 and record high was 60.2% in 2021.

Yearly Historical Data (2015-2024)

(in %)
Year Debt to GDP Ratio
2024 59.7%
2023 55.8%
2022 57.7%
2021 60.2%
2020 58.8%
2019 48%
2018 49.4%
2017 51.5%
2016 52.3%
2015 51.7%
Slovakia Debt to GDP Ratio : Definition
Slovakia's government debt to GDP is the ratio of total government liabilities to the nation's Gross Domestic Product. It is calculated by dividing the total public debt, measured in Euros, by the nominal GDP, also in Euros, then multiplying by 100. This shows the debt level relative to the country's annual economic output.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -2.8% -0.9% Dec'24
Private Credit (% GDP) 59.3% 61.32% 2024