Slovakia GDP Growth Rate (QoQ)
Slovakia's Quarter-over-Quarter GDP growth rate was 0.2% in Q1 2025 and remained unchanged at 0.2% in Q2 2025. This stability resulted from decelerated private consumption due to a VAT increase and political uncertainty, alongside moderated public consumption from fiscal consolidation. Exports were supported by pre-tariff shipments and Germany's stronger economy in Q1 2025. Projections for late 2025 anticipate continued growth driven by lower inflation and the European Central Bank's easing cycle, expected to boost private consumption and investment. Slovakia's record low Quarter-over-Quarter GDP growth rate was -7.7% in Q2 2020 and record high was 10% in Q3 2020.
Quarterly Historical Data (2015-2025)
(in %)Recent Events
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Slovakia GDP Growth Rate (QoQ) : Definition
Slovakia's Quarter-over-Quarter GDP growth rate shows the percentage change in the nation's total economic output from one three-month period to the next. It is calculated by comparing the current quarter's Gross Domestic Product value to the previous quarter's value, after adjusting for seasonal and calendar effects. The Slovak Statistical Office compiles this key economic indicator.