Spectator on facebook

Spectator on facebook

CORRECTED: GDP growth accelerated to 1.5 percent in 4Q2013

SLOVAKIA’S economic growth stood at 1.5 percent in the last quarter of 2013, up by 0.4 percent compared to the previous quarter. After seasonal adjustment, GDP rose by 1.3 percent, according to the flash estimate issued by the Statistics Office on February 14.

SLOVAKIA’S economic growth stood at 1.5 percent in the last quarter of 2013, up by 0.4 percent compared to the previous quarter. After seasonal adjustment, GDP rose by 1.3 percent, according to the flash estimate issued by the Statistics Office on February 14.

This means the country secured its quarter-on-quarter growth, which after seasonal adjustment stood at 0.4 percent during the last three months of 2013. The volume of GDP at current prices reached €18.391 billion, an increase by 1.5 percent year-on-year.

The total employment in the 4Q reached 2.196 million people, which is by 0.1 percent more than in 4Q of 2012. Seasonally adjusted total employment remained on the same level as compared to the 4Q of 2012. It rose by 0.3 percent as compared to the third of quarter 2013.

The published data is better than the expectations of bank analysts who had predicted that the economic growth will stand at 1.2 percent in the last quarter of 2013. They also had said that the overall growth for 2013 will be 0.8 percent, the SITA newswire reported.

The Statistics Office will publish the detailed data for the Slovak economy in fourth quarter of 2013 on March 5.

Source: Statistics Office website, SITA

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Lajčák considers resignation if the migration compact is rejected

The foreign affairs minister also admitted to some disputes with PM Robert Fico.

Foreign Affairs Minister Miroslav Lajčák

How to cope with waste

Slovakia lags behind in recycling and reducing waste, but examples of other countries, particularly the Netherlands, are helping Slovakia implement strategies to reduce waste.

Roughly 67 percent of communal waste ended up at landfills in Slovakia, while only 23 percent was recycled.

The Burning Hell have warmed to Slovakia Video

There is one place in particular that the Canadian musicians have a soft spot for.

The Burning Hell will perform in Bratislava and in Banská Štiavnica.

Automotive industry and e-commerce drive the industrial sector

Western Slovakia with Bratislava remains the strongest locality.

Prologis Park Bratislava