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Flash estimate of Gross domestic product and Total employment by ESA 2010 in the 2nd quarter of 2023
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Flash estimate of Gross domestic product and Total employment by ESA 2010 in the 2nd quarter of 2023

Last update: 15.08.2023
Ilustratívny obrázok/Illustrative image
Publisher: Statistical Office of the SR
Topic: Macroeconomic statistics
Domain: National accounts
Publish Date: 15.08.2023

In the 2nd quarter of 2023, the Slovak economy slightly accelerated

Gross domestic product (GDP) at constant prices1) increased by 1.5% year-on-year in the second quarter of 2023. After adjusting the results for seasonal effects, GDP increased by 1.3% year-on-year and by 0.4% quarter-on-quarter.2) High inflation continued to significantly reduce the value of GDP at constant prices compared to its nominal value.


During the second quarter of 2023, GDP at current prices in the amount of 30.3 billion EUR was created, which represented a year-on-year increase of 3.1 billion EUR. After converting to constant prices, GDP reached 23.4 billion EUR and year-on-year growth in constant prices thus reached 345 million EUR.

Illustrative image – graph

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The growth of the Slovak economy was no longer supported by consumption, but above all by the growth of corporate investments in the procurement of constructions and also by a significant surplus in foreign trade, to which the export of cars contributed.

Total employment in the reference period reached 2 million 432 thousand persons and increased by 0.1% year-on-year. Seasonally adjusted, employment increased by 0.2% compared to 2nd quarter of 2022 and remained at the same level quarter-on-quarter (compared to 1st quarter of 2023).


The indicators are compiled according to the ESA 2010 methodology based on the first compilatíon of results for the total economy; total employment 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:

Data on Gross Domestic Product and Employment will be precised and published, including the structures of individual indicators, based on other available statistical and administrative data on Tuesday, September 5, 2023 at 9:00 a.m. on the website of the Statistical Office of the Slovak Republic (in the form of an informative report in the Catalogue of informative reports and also by updating of data cubes in the DATAcube database in chapt 2. 1. 1. 1. - GDP - quarterly data) and subsequently also in the publication Statistical report on basic development trends in the Slovak economy in the 2nd quarter of 2023 published in the Catalogue of publications of the Slovak Statistical Office.

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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 2023 Z6_Q7I8BB1A00BL30IJKSNHCF2GU5 /Štatistický úrad SR - Home /Products /Information reports Catalogue /Detail