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Flash estimate of Gross domestic product and Total employment by ESA 2010 in the 2nd quarter of 2022
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Flash estimate of Gross domestic product and Total employment by ESA 2010 in the 2nd quarter of 2022

Last update: 16.08.2022
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: National accounts
Publish Date: 16.08.2022

Economy of the Slovak Republic in the second quarter of 2022 slowed down, GDP rose by 1.7% year-on-year

The Gross domestic product (GDP) in chain-linking volumes1) increased in the second quarter of 2022 by 1.7% year-on-year. After seasonal adjustments2), the GDP increased by 1.6% year-on-year and by 0.4% quarter-on-quarter. In the current prices, the second quarter of 2022 the GDP amounted to EUR 26.45 billion, representing a year-on-year increase by 9.9%.

The GDP values in chain-linking volumes thus almost reached the approximately the same values as in the corresponding period of the pre-crisis year 2019, it was short of 0.2%. The growth of the Slovak economy was supported mainly by domestic demand formed by consumer demand, the decrease of foreign demand continued, but was lower than in the first quarter.

The growth of value added in the second quarter was positively affected mainly due to the manufacture of rubber and plastic products, to the wholesale trade, retail trade and warehousing and support activities for transportation. On the contrary, the decline was recorded in the most important industry, the manufacture of motor vehicles.

Total employment in the reference period reached 2.43 million people. Compared with the second quarter of 2021, it increased by 2.4%. After seasonal adjustments, total employment increased by 2.1% year-on-year and by 0.7% quarter-on-quarter.

Note: The flash estimate is compiled according to the ESA 2010 methodology based on the first compilatíon of results for the total economy; total employment (under ESA 2010) is expressed as the number of persons employed (employees and self-employed persons).

  • 1) Constant prices are calculated by chain-linking volumes to the reference year 2015
  • 2) Seasonally adjusted results are updated quarterly in the whole time series.

Data source Database Datacube:

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 September 6, 2022 at 9,00 on the SO SR´s website (in the Information reports catalogue and in the DATAcube. Database 2. 1. 1. 1. - GDP - quarterly data) and subsequently also in the publication Statistical report on the basic development trends in the economy of the SR in the 2nd quarter of 2022 published in the Publicatons of the catalogues SO SR.

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  • Statistical Office of the SR
  • Lamačská cesta 3/C
  • 840 05 Bratislava 45
  • Slovak Republic
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While publishing of the whole information report or its parts, please state the source of information, the Statistical Office of the Slovak Republic. The Statistical Office of the SR creates high-quality statistics useful for society according to 16 principles regarding the institutional environment, statistical processes and outputs in line with the Code of Practice for European Statistics.

/wps/portal/ext/products/informationmessages/inf_sprava_detail Flash estimate of Gross domestic product and Total employment by ESA 2010 in the 2nd quarter of 2022 Z6_Q7I8BB1A00BL30IJKSNHCF2GU5 /Štatistický úrad SR - Home /Products /Information reports Catalogue /Detail