Slovakia

Slovakia has struggled to create a modern market-led economy, but was among the ten countries that joined the EU in 2004.

Economic Strengths

Automotive sector. Growth in EU exports during 2007 and likely eurozone membership in 2009. Potential for tourism growth.

Economic Weaknesses

High foreign indebtedness. High unemployment. Dependence on foreign trade makes the economy vulnerable to global recession.

Population Capital city
5,932,407 Bratislava
Currency World GNP Ranking
Slovak koruna 61
GNP per Capita ($) Inflation
19800 2.27%
Unemployment Tourism visitors per year (thousands)
8.6% 32231.4

 

Source: Knight Frank Residential Research as at Dec 2007