Gross national income achieved a year-on-year growth of 12.5%

The gross national income (GNI) of the Slovak Republic in 2023 reached the value of EUR 120.1 billion, which was by 12.5% higher than the GNI in 2022. The GNI data changed throughout the time series due to the benchmark revision. For the previous period, the highest changes were recorded in 2022 by -1.01% and in 2021 by 1.64%.

GNI data are published and adjusted by the EU member states and submitted to Eurostat at the regular autumn deadline. The Statistical Office of the SR presents the data for the Slovak Republic.

The resulting data summarizes the incomes of economic entities of the Slovak Republic  and from the rest of the world and serve as a basis for determining the amounts by which the Slovak Republic contributes to the EU budget (GNI-based own resource) and is the key to setting subsidies from the EU budget. The value of GNI is determined from the GDP value, which expresses the overall performance of the economy produced on the territory of the Slovak Republic.

According to European legislation, Member States provide the Commission (Eurostat) with data on GNI and its components every year by October 1, including the Report on the quality of GNI data¹⁾.

Compared to the previous publication of GNI data in 2023, the Statistical Office of the Slovak Republic made, in addition to standard routine adjustments, also adjustments resulting from conducted studies or the incorporation of Eurostat's recommendations. The high growth in 2023 compared to 2022 is primarily due to the increased price level in the economy. The impact of the mentioned changes on GNI is quantified in the Report on the quality of GNI data 2024 (PDF - 160 kB).

GNI equals GDP minus primary income payable by resident institutional units to non-resident institutional units plus primary income receivable by resident institutional units from the rest of the world.

Primary income paid to the rest of the world covers compensations for employees, property income, production and import taxes paid to the EU institutions. On the other hand, primary income received from the rest of the world includes compensation of employees, income and subsidies received from the EU institutions.