4th quarter real GDP growth falls to 2.5 percent

The growth rate of Slovak economy slowed further in the fourth quarter of last year. The Statistics Office reported that Slovakia's real GDP grew by 2.5 percent y-o-y, a reduction of 0.2 percentage points from its flash estimate made in mid-February. The growth in real GDP for all of 2008 was 6.4 percent with total GDP reaching €67.33 billion. Economic growth had been 6.6 percent in the third quarter, the SITA newswire wrote.

The growth rate of Slovak economy slowed further in the fourth quarter of last year. The Statistics Office reported that Slovakia's real GDP grew by 2.5 percent y-o-y, a reduction of 0.2 percentage points from its flash estimate made in mid-February. The growth in real GDP for all of 2008 was 6.4 percent with total GDP reaching €67.33 billion. Economic growth had been 6.6 percent in the third quarter, the SITA newswire wrote.

In current prices the y-o-y growth of GDP was 4.7 percent in the last quarter of 2008 and 9.5 percent for the whole of 2008. Slovakia generated GDP of €17.35 billion in the fourth quarter of 2008. The overall growth in GDP reflected growth in domestic demand by 2.9 percent and a decrease in foreign demand by 7.8 percent. SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Vast damage after the supercell storm in southern Moravia.

UPDATED: Tornado damaged villages just across the Slovak borders

Czech authorities report five dead, one a native of the Slovak town of Prešov, and hundreds of injured in southern Moravia region.


6 h

News digest: Slovakia ready to help after damaging storm hits neighbours

Bratislava zoo director has resigned due to her citizenship. Purchase of American jet fighters unjustified. Also read about the annual city festival taking place in Bratislava and take a look at the unusual mammatus clouds above the city.


1 h
The Weekend of Open Parks and Gardens has became a popular event in Slovakia

Pandemic highlights the importance of parks and gardens

Parks and gardens across Slovakia will open during the Weekend of Open Parks and Gardens


22 h
The panorama of the High Tatras and the gravel lake between the town of Svit and the village of Batizovce in the Poprad district.

A Slovak castle appears in "Friends: The Reunion"

A brown bear toured a Slovak town. You can now tour a region filled with tasty wine.


5 h