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Flash estimate of GDP and total employment by ESA 2010 in the 4th quarter of 2023
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Flash estimate of GDP and total employment by ESA 2010 in the 4th quarter of 2023

Last update: 14.02.2024
Ilustratívny obrázok/Illustrative image
Publisher: Statistical Office of the SR
Topic: Macroeconomic statistics
Domain: National accounts
Publish Date: 14.02.2024

In the 4th quarter of 2023, the Slovak economy remained in the growth

The volume of GDP in the 4th quarter of 2023 increased slightly both year-on-year and quarter-on-quarter, which kept the economic growth above 1% for the entire year.

Gross domestic product (GDP) at constant prices1) increased by 1.2% year-on-year in the fourth quarter of 2023. After adjusting the results for seasonal effects, GDP increased by 1.2% year-on-year and by 0.3% quarter-on-quarter.2)

During the fourth quarter of 2023, GDP at current prices in the amount of 32 billion EUR was created, which represented a year-on-year increase of 3.1 billion EUR. After converting to constant prices, GDP reached 24.2 billion EUR. Illustrative image – graph

Download high resolution chart format PDF (95 kB) or PNG (132 kB).

In summary, the economy of the Slovak Republic grew by 1.1% year-on-year for the entire year 2023.

The growth of the gross domestic product in the 4th quarter of 2023 at constant prices was supported mainly by the year-on-year increase in investments. In summary for the whole year, the economic performance was driven by investments and a positive foreign trade balance. Final household consumption remained depressed.

Total employment in the reference period reached 2 million 443 thousand persons and increased by 0.3% year-on-year. Seasonally adjusted, employment increased by 0.2% compared to 4th quarter of 2022 and increased by 0.1% quarter-on-quarter (compared to 3rd quarter of 2023).

  • 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

Outputs on the subject of GDP and Employment:

The indicators are compiled according to the ESA 2010 methodology based on the first processing of the results for the economy; total employment is expressed by the number of employed persons (employees and self-employed). 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, March 7, 2024 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 4th quarter of 2023 published on 21 March 2024.

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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 GDP and total employment by ESA 2010 in the 4th quarter of 2023 Z6_Q7I8BB1A00BL30IJKSNHCF2GU5 /Štatistický úrad SR - Home /Products /Information reports Catalogue /Detail