Slovakia country overview
Before we start to discuss Slovakia GDP first we discuss Slovakia country overview, Slovakia is officially called the Slovak Republic.
It is a landlocked country located in Central Europe. Bratislava is the capital and largest city of Slovakia. Its official language is Slovak.
When we talk about its ethnic groups, so 80% of Slovaks and 20% non-Slovaks live in Slovakia. In religion, 75% of Christianity and 25% of non-Christians live in Slovakia.
Slovakia’s government system is the Unitary parliamentary republic. Its president name is Zuzana caputova. Its prime minister’s name is Eduard Heger.
Its total land area is 49,034 km2. Slovakia’s total population is 5,449,300 in the year 2021. Its population density is 111/km2 in the year 2021. Its population density rank is 88th in the world.
Slovakia’s currency is called the Euro. Slovakia’s economy is generally called the developed and advanced country and also a high-income economy.
The inflation rate in Slovakia is 1.5% in the year 2020. 13% of the Slovakian population lives below the poverty line. Its HDI rate is 0.860 in the year 2019.
This HDI rate is considered very high in the world. Its HDI rank is 39th in the world. The unemployment rate in Slovakia is 6.8% in the year 2020. Slovakia’s gross external debt is $75 billion in the year 2016. Its total Foreign reserves are $3.6 billion in the year 2017.
Its total GDP is $118 billion (nominal) and $192 billion (PPP) in the year 2021. Its GDP rank is 61st (nominal) and 68th (PPP) in the year 2020.
Its GDP growth rate is 6.8% in the year 2021. Slovakia’s GDP per capita is $21,600 (nominal) and $35,110 (PPP) in the year 2021. Its GDP per capita rank is 40th (nominal) and 42nd (PPP) in the year 2020.
When we talk about its GDP by sector, so agriculture by 3.9%, industry by 35%, and services are 61% in the year 2017.
Slovakia’s total exports are $81 billion in the year 2017. Its main export goods are machinery, electrical, iron, oils, fuels, and others. Its main export partners are Germany, Poland, Italy, Hungary, and others.
Its total imports are $80 billion in the year 2017. Its main import goods are machinery, auto parts, minerals, and others. Its main import partners are Germany, Austria, Poland, Russia, China, and others.
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