Slovakia PESTLE Insights - A Macroeconomic Outlook Report

Slovakia PESTLE Insights - A Macroeconomic Outlook Report

Summary

Mining, manufacturing and utilities contributed (24.9%) to the gross value added (GVA) in 2022, followed by financial intermediation, real estate and business activities (23.6%) and wholesale, retail hotels (13.4%). In 2022, the sectors are expected to grow by 7.2%, 8.3% and 7.4%, respectively.

Bratislava and Kosice contributed 40.5% of the country’s GDP in 2021 and comprised 27.2% of Slovakia’s population in 2021, according to GlobalData cities database.

The Slovakian SKSM Index has exhibited a decreasing trend. As of November 10, 2021, the SKSM Index stood at 400.36, compared to 337.6 on November 10, 2022.

Scope

• The world’s first hydrogen-powered passenger train was showcased in Slovakia on May 20-21, 2022. Hydrogen train is expected to run in Slovakia by 2024.

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.