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Flash estimate of Gross domestic product and Total employment by ESA 2010 in the 4th quarter of 2021
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Flash estimate of Gross domestic product and Total employment by ESA 2010 in the 4th quarter of 2021

Last update: 17.05.2022
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: National accounts
Publish Date: 15.02.2022

In the fourth quarter, the economy of the SR with GDP growth of 1.4%, while the level of development was significantly affected by a sharp in-crease in prices

In the fourth quarter of 2021, gross domestic product (GDP) grew by 1.4%, year-on-year, at constant prices1). After adjusting for seasonal effects, GDP increased by 1.1%, year-on-year, and compared to the third quarter of 2021, it rose by 0.3%.2) 3)

In the fourth quarter of 2021,GDP was generated in the value of EUR 25.60 billion at current prices, which represents an increase of 5.2% compared to the fourth quarter of 2020.

Despite the ongoing pandemic period, the Slovak economy recorded a year-on-year growth, supported mainly by domestic demand. The year-on-year economic development thus moved GDP values even closer to the level in the pre-crisis period of 2019 than in the previous quarter. At the same time, we can state that the growth of the Slovak economy was significantly affected by a sharp rise in prices at the end of the year. In this quarter, the positive development of value added was mainly affected by manufacture of machinery and equipment, land transport and transport via pipelines, and warehousing and support activities for transportation.

In the reference period, the total employment reached 2,409.5 thousand persons. Compared to the fourth quarter of 2020, it increased by 0.3%. After adjusting for seasonal effects, the total employment increased by 0.4% compared to the fourth quarter of 2020 and by 0.1% compared to the third quarter of 2021.

A flash estimate of the gross domestic product and the employment will be specified on the basis of other available statistical and administrative data and supplemented by the structures of individual indicators published on 8 March 2022 at 9.00 am (in the Information reports catalogue) and subsequently in the publication "Štatistická správa o základných vývojových tendenciách v hospodárstve SR v 4. štvrťroku 2021" published in the  Publications of the Catalogues.

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:

  • Issued by :

  • Statistical Office of the SR
  • Lamačská cesta 3/C
  • 840 05 Bratislava 45
  • Slovak Republic
  • Information Services :

  • tel. +421 2 50 236 339
  • +421 2 50 236 335
  • e-mail: info@statistics.sk

While publishing of the whole information report or its parts, please state the source of information, the Statistical Office of the Slovak Republic


/wps/portal/ext/products/informationmessages/inf_sprava_detail Flash estimate of Gross domestic product and Total employment by ESA 2010 in the 4th quarter of 2021 Z6_Q7I8BB1A00BL30IJKSNHCF2GU5 /Štatistický úrad SR - Home /Products /Information reports Catalogue /Detail