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The drop in GDP in 2020 was reduced to 4,4 %, the revision showed a higher performance of the Slovak economy
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The drop in GDP in 2020 was reduced to 4,4 %, the revision showed a higher performance of the Slovak economy

Last update: 29.10.2021
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: National accounts
Publish Date: 29.10.2021

In accordance with the national revision policy, the Statistical Office of the SR carried out the second revision of this year's data in the System of National Accounts, which influenced the annual and quarterly data on Gross Domestic Product (GDP) and its components for 2010-2020.

The impact of the revision adjusted both real and nominal gross domestic product (GDP) in individual years between -0,3 % of GDP to + 0,6 % of GDP. At the same time, the impact of the revision in individual quarters represents changes between -0,3 to + 0,7 % of GDP at current and constant prices.

Following the revision, there was a more moderate decline in the economy in 2020, at 4,4 % of GDP (originally a decline of 4,8 % was released).

The revised annual data were published by the SO SR in data cubes in the central DATAcube database., in Chapter 2.1. - National accounts.  More detailed information is published in the Methodical annotations - Annual Accounts, ako aj v Methodical annotations - Quarterly Accounts.


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