The autumn revision showed a more moderate performance of the Slovak economy in years 2023 and 2024

The Statistical Office of the Slovak Republic revised GDP data for 2024 and the previous three years for the second time this year, as part of regularly scheduled revisions. Revisions are an important part of improving the quality of data on the state of the economy to provide more accurate inputs for the creation of policies and measures.

The Slovak economy grew slightly slower in 2024 than was published in the spring revision in spring 2025. Gross domestic product (GDP) growth in constant prices reached 1.9%, originally 2.1%. The revised total GDP volume in 2024 in constant prices reached 104.3 billion euros, which was 114 million euros less than the originally published value.

The Statistical Office of the Slovak Republic has published new GDP values and their structures for the period 2021 to 2024 as part of this year's second planned autumn revision of national accounts in accordance with the Revision Calendar for 2025 and the National Revision Policy. GDP data are revised regularly twice a year (always in April and October), quarterly and annual data of the most important economic indicators are precised for the last four years.

The revision slightly reduced the value of economic growth in 2023 from the original 2.2% to the current 2.1%. It also affected 2022, where there was also a slight adjustment, but growth increased slightly from the original 0.4% to 0.5%. 2021 remained unchanged. The adjustments are related to the incorporation of outputs from the final annual surveys of indicators entering GDP for 2024, which refined the data obtained from quarterly surveys. The cumulative impact of the revision in the years 2021 to 2024 represented a change from -0.2 to 0.1 percentage points (p. p.).

Revision of quarterly data

The revision was also reflected in the GDP values for individual quarters. The original values of year-on-year growth or decline in real GDP (in constant prices) were adjusted from -0.2 p. p. to +0.3 p. p.

The adjustments in the individual quarters of the revised years were not significant. GDP values in the individual quarters of 2024, with the exception of the second quarter, decreased by 0.2 p. p., the second quarter remained unchanged. In the quarters of 2023, only the 1^st quarter showed slightly better performance (the revised value from 0.8% to 0.9%), on the contrary, in two quarters growth was revised to lower values by 0.1 p.p. to 0.2 p. p. The values were revised most significantly in the 4^th quarter of 2022, when the originally reported decrease of 0.1% was revised to growth of 0.2%. In addition, weaker economic performance was also shown in the first two quarters of 2025, where there was a decrease of 0.1 p. p. in both quarters.