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Flash estimate of Gross domestic product and Total employment by ESA 2010 in the 1st quarter of 2023
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Flash estimate of Gross domestic product and Total employment by ESA 2010 in the 1st quarter of 2023

Last update: 22.05.2023
Ilustratívny obrázok/Illustrative image
Publisher: Statistical Office of the SR
Topic: Macroeconomic statistics
Domain: National accounts
Publish Date: 16.05.2023

The Slovak economy kept growing in the 1st quarter of 2023, however the growth was more moderate than at the end of 2022

The Gross domestic product (GDP) in chain-linking volumes1) increased in the first quarter of 2023 by 0.9 % year-on-year. After seasonal adjustments2), the GDP increased by 0.9 % year-on-year and by 0.2 % quarter-on-quarter.

High inflation caused a more significant difference between the value of GDP at current and constant prices. In the current prices, the first quarter of 2023 the GDP amounted to EUR 27.7 billion, representing  in comparison with first quarter of 2022 increase by EUR 3.2 billion. After recalculation to constant prices, GDP reached EUR 21.4 billion.

Illustrative image – graph

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The growth of the Slovak economy was mainly supported by a surplus in foreign trade and growing investment demand.

Total employment in the reference period reached 2 million 423 thousand persons and increased by 0.5 % year-on-year. After seasonally adjustments, the number of employed persons increased by 0.7 % compared to the 1st quarter of 2022 and decreased by 0.1% quarter-on-quarter (compared to the 4th quarter of 2022).

Note:

The indicators are compiled according to the ESA 2010 methodology based on the first compilatíon of results for the total economy; total employment is expressed as the number of persons employed (employees and self-employed persons).

  • 1) Constant prices are calculated by chain-linking volumes to the reference year 2015
  • 2) Seasonally adjusted results are updated quarterly in the whole time series.

Data source Database Datacube:

Comparison of flash GDP estimates of EU countries was published by Eurostat on May 16, 2023 at 11 a.m. in the report: GDP and employment flash estimates for the first quarter of 2023 (PDF – 300kB).

Flash estimate of Gross Domestic Product and Employment will be precised and published,including the structures of individual indicators, based on other available statistical and administrative data on Tuesday June 6, 2023 at 9,00 on the Statistical Office of the SR´s website (in the Information reports catalogue and in the DATAcube. Database 2. 1. 1. 1. - GDP - quarterly data).

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  • Slovak Republic
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While publishing of the whole information report or its parts, please state the source of information, the Statistical Office of the Slovak Republic. The Statistical Office of the SR creates high-quality statistics useful for society according to 16 principles regarding the institutional environment, statistical processes and outputs in line with the Code of Practice for European Statistics.


/wps/portal/ext/products/informationmessages/inf_sprava_detail Flash estimate of Gross domestic product and Total employment by ESA 2010 in the 1st quarter of 2023 Z6_Q7I8BB1A00BL30IJKSNHCF2GU5 /Štatistický úrad SR - Home /Products /Information reports Catalogue /Detail