SlovakiaKapitel
Slovakia traces its roots to the 9th century state of Great Moravia. Subsequently, the Slovaks became part of the Hungarian Kingdom, where they remained for the next 1,000 years. Following the formation of the dual Austro-Hungarian monarchy in 1867, language and education policies favoring the use of Hungarian (Magyarization) resulted in a strengthening of Slovak nationalism and a cultivation of cultural ties with the closely related Czechs, who were under Austrian rule. After the dissolution of the Austro-Hungarian Empire at the close of World War I, the Slovaks joined the Czechs to form Czechoslovakia. During the interwar period, Slovak nationalist leaders pushed for autonomy within Czechoslovakia, and in 1939 Slovakia became an independent state allied with Nazi Germany. Following World War II, Czechoslovakia was reconstituted and came under communist rule within Soviet-dominated Eastern Europe. In 1968, an invasion by Warsaw Pact troops ended the efforts of the country's leaders to liberalize communist rule and create "socialism with a human face," ushering in a period of repression known as "normalization." The peaceful "Velvet Revolution" swept the Communist Party from power at the end of 1989 and inaugurated a return to democratic rule and a market economy. On 1 January 1993, the country underwent a nonviolent "velvet divorce" into its two national components, Slovakia and the Czech Republic. Slovakia joined both NATO and the EU in the spring of 2004 and the euro zone on 1 January 2009.
Kennzahlen
- Fläche
- 49,035 km2
- Bevölkerung
- 5,436,066 (July 2021 est.)
- Regierungsform
- parliamentary republic
- Sprachen
- Slovak (official) 78.6%, Hungarian 9.4%, Roma 2.3%, Ruthenian 1%, other or unspecified 8.8% (2011 est.)
- BIP
- $104.574 billion (2020 est.)
- Wachstumsrate
- -4.7% (2020 est.)
- HDI
- 39
- Hauptstadt
- Bratislava
Makroökonomische Indikatoren
The economy is projected to grow at a strong pace. Private consumption will continue to benefit from the increasingly robust labour market. Intensifying labour shortages will boost wage growth and, thereby, inflation. Exports will move up vigorously, as new automotive production capacity comes on stream. Business investment will remain strong, while public investment should pick up with the launch of new infrastructure projects.
The government should continue with consolidation, given strong growth and the absence of spare capacity. It should also enhance public-sector efficiency in order to finance much needed structural reforms. In particular, measures to improve efficiency in education and enhance Roma integration are important to improve well-being and make growth more inclusive and sustainable.
Source: OECD - Economic Forecast
IMF Statistics:
| Subject descriptor | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
|
Gross domestic product, constant prices Percent change (Units) |
4.789 |
1.750 |
1.150 |
2.077 |
2.600 |
|
Gross domestic product, current prices Percent change (Billions) |
118.655 |
115.553 |
132.122 |
140.808 |
149.401 |
|
Gross domestic product per capita, current prices Percent change (Units) |
21,732.609 |
21,261.948 |
24,337.251 |
25,934.992 |
27,523.336 |
|
Inflation, average consumer prices Percent change (Units) |
2.828 |
12.135 |
10.962 |
3.644 |
3.901 |
|
Volume of imports of goods and services Percent change (Units) |
11.629 |
4.498 |
-6.753 |
6.923 |
3.246 |
|
Volume of exports of goods and services Percent change (Units) |
10.419 |
3.143 |
-0.907 |
3.745 |
3.569 |
|
Unemployment rate Percent change (Units) |
6.808 |
6.175 |
5.842 |
5.900 |
5.900 |
|
Current account balance Percent change (Billions) |
-2.918 |
-9.419 |
-2.741 |
-6.134 |
-5.428 |
|
Current account balance Percent change (Units) |
-2.459 |
-8.152 |
-2.074 |
-4.356 |
-3.633 |
Estimates
Source: IMF Statistics - Slovakia
Luxemburg und das Land
Existing conventions and agreements
Non double taxation agreement
In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.
- Convention from 18.03.1991 (Memorial 1992, A No.106, p.3142)
- Effective as of 01.01.1993 (Memorial 1992, A No.106, p.3142)
Air Services agreement
- Agreement from 06.12.1968 (Memorial 1971, A, p. 2170)
- Effective as of 03.17.1972 (Memorial 1972, A, p. 806)
Weitere Informationen
Foreign Trade
The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.
You can see the statistics on the website of the Statec.
Contact points in Slovakia
Embassy of the Grand Duchy of Luxembourg in Slovakia
Ambassador with residence in Vienna: Mr Jean GRAFF
Sternwartestrasse 81
A - 1180 Wien
Tel.: (+43) (0)1 478 21 42
Fax: (+43) (0)1 478 21 44
E-Mail: vienne.amb@mae.etat.lu
Website: vienne.mae.lu
Honorary Consul
Honorary Consul with jurisdiction in the Slovak Republic:
Mr Peter KRISKO
Prievozska 4/A
SK-821 09 Bratislava
Slovakia
Tel.: (+421) 26542 9961
E-Mail: luxkonz@krisko.sk
Source: Ministry of Foreign Affairs of Luxembourg
Country risk as defined by Office du Ducroire for Slovakia
Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.
Link: Ducroire Office - Country Risk for Slovakia