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Flash estimate of Gross domestic product and Total employment by ESA 2010 in the 3rd quarter of 2021
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Flash estimate of Gross domestic product and Total employment by ESA 2010 in the 3rd quarter of 2021

Last update: 16.11.2021
Ilustračný obrázok
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: National accounts
Publish Date: 16.11.2021

The Slovak economy maintained a slightly growing trend in the third quarter of 2021, GDP growth reached 1.3 %.

The Gross Domestic Product (GDP) in chain-linking volumes 1) in third quarter of 2021 increased inter-annually by 1.3 %. After seasonal adjustments the GDP increased inter-annually by 1.3 % and inter-quarterly by 0.4 %. 2) 3) This results from a flash estimate of GDP for the third quarter of 2021, which the SO SR publishes on November 16, 2021.

In third quarter of 2021 the GDP in current prices amounted to EUR 25,633.4 million, it represents inter-annual increase by 4.3 %.  

GDP values reached almost the level in the pre-crisis period of 2019. (The inter-annualy decline in GDP in the third quarter of 2020 was 2 %.) The slight year-on-year growth of the Slovak economy was supported solely by domestic demand, while foreign demand declined.

The growth of value added in this quarter was supported, except of automotive industry sector, more significantly by the manufacture of metal structures sector, machinery and equipment sector, and warehousing and support activities for transportation sector. On the contrary, the decline was recorded mainly in construction and land transport.

Overall employment in reference period reached 2,396.7 thousands of persons. In comparison with third quarter of 2020 it increased by 0.2 %. After seasonal adjustment the overall employment increased in comparison with third quarter of 2020 by 0.2 % and in comparison with second quarter of 2021 increased by 0.3 %. 

Flash estimate of Gross Domestic Product and Employment will be precised on the basis of next available statistical and administrative data and complemented by structures for individual indicators and published on December 3, 2021 at 9,00 h on the SO SR website (in the INFORMATION REPORTS CATALOGUE) and subsequently also in publication Štatistická správa o základných vývojových tendenciách v hospodárstve SR v 3. štvrťroku 2021 published in the CATALOGUE OF PUBLICATONS of the SO SR.

Notice: Flash estimate is compiled under ESA 2010 methodology based on first compilation of results for total economy; overall employment (under ESA 2010 methodology) is expressed as number of employed persons (employees and self-employed persons)
1) Constant prices calculated as chain-linking volumes for reference year 2015
2) Seasonally adjusted results are precised every quarter in the whole time series
3) Due to the impact of COVID-19 crisis some values of GDP time series were modelled as outliers. Value of the first quarter 2020 is modelled as trend break (level shift), values for second quarter 2020 and first quarter 2021 are modelled as one-of extremes (additive outliers). After addition of following quarters the extremes may be adjusted due to review of impact of the crisis for time series.

Data source Database Datacube:

Flash estimate of GDP and Total employment according to ESA 2010 [nu0001qs]

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/wps/portal/ext/products/informationmessages/inf_sprava_detail Flash estimate of Gross domestic product and Total employment by ESA 2010 in the 3rd quarter of 2021 Z6_Q7I8BB1A00BL30IJKSNHCF2GU5 /Štatistický úrad SR - Home /Products /Information reports Catalogue /Detail