Slovakia's economy grew by 0.8 percent year-on-year (y-o-y) in 2025, which was the slowest growth seen in the past three years, the Statistics Office reported on Friday.
The volume of gross domestic product (GDP) in current prices reached almost €136.8 billion at the end of last year.
The economy was driven mainly by households in the first half of the year, while rising investment supported it in the second half. Foreign trade reported higher performance as well. Among the sectors, industry, trade and public administration maintained moderate growth, while the real estate and construction sectors posted a decline in performance.
Gross added value rose only slightly, by 0.3 percent, with six out of the ten monitored sectors showing y-o-y increases.
The 1.6-percent growth in industrial manufacturing had the most significant influence on overall developments, with production increasing in 11 of the 13 industrial branches. The growth was driven mainly by metal production (up 4 percent), the production of rubber and plastic products (2 percent), the manufacture of textiles and leather (6.8 percent), as well as the production of machinery and equipment (1.5 percent). The production of means of transport, which made up the biggest share (almost 20 percent) of industrial manufacturing, kept just above zero, and its influence on the overall figure was significantly weakened. A decline was reported only in the production of computer products and chemicals.
The overall performance of the economy was also positively influenced by growth in foreign trade. Exports of goods and services increased by 4 percent y-o-y, while imports rose by 3.7 percent. Concerning the annual trade balance, imports slightly exceeded exports, which pushed Slovakia's trade balance in current prices into a slight deficit of just under €210 million.
Source: TASR
