Preliminary estimate: Slovakia’s GDP reaches €15.64 billion

Slovakia's gross domestic product (GDP) reached €15.640 billion in the second quarter of 2009, falling by 5.3 percent year-on-year in constant prices and by 6.5 percent in current prices, according to a preliminary estimate released by the Statistics Office on August 13, the TASR newswire wrote.

Slovakia's gross domestic product (GDP) reached €15.640 billion in the second quarter of 2009, falling by 5.3 percent year-on-year in constant prices and by 6.5 percent in current prices, according to a preliminary estimate released by the Statistics Office on August 13, the TASR newswire wrote.

Adjusted for inflation, GDP in the second quarter totalled €11.821 billion, down 5.4 percent from a year earlier. The GDP shrinkage in 2Q09 was a slight improvement when compared to 1Q09, when GDP fell by 5.6 percent. GDP was down 5.5 percent in the first six months of this year, the TASR newswire wrote.

GDP increased by 6.4 percent last year, although Slovakia was hit by reduced demand caused by the global economic crisis at the end of 2008. Total employment between April-June 2009 reached 2.198 million, a drop of 1.3 percent y-o-y. The Statistics Office will release figures based on more available data on September 2. TASR

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

Get daily Slovak news directly to your inbox

Top stories

News digest: The Gale targets corruption, cabinet officially prolongs curfew

Slovakia learned about biggest corporate taxpayers, the president signed laws changing the minimum wage and 13th pensions. Read the latest news overview.

Mobile testing units were built in the Hviezdoslavovo Square in Bratislava.

The big testing: When and where to show up, and what if I don't want to? (FAQ)

Here is what we know about the practicalities of the nationwide testing so far. Testing also applies to foreigners and diplomats in Slovakia.

Pilot testing in Bardejov

Storm transforms into Gale. More judges and an influential businessman detained

The police raid related to corruption in Bratislava courts.

Businessman Zoroslav Kollár (l) was brought to NAKA.