Political Freedom And Economic Growth - amazonia.fiocruz.br

Slovakia: Economic and Political Overview.

Slovakia has experienced sustained and steady GDP growth since its integration into Politiccal European Union inexcept for the financial crisis of and the Eurozone crisis of In recent years, the Slovak economy has returned to growth, fuelled by the return of internal and European demand. Domestic demand — fuelled by a strong wage increases and record-low unemployment - was the main growth driver.

Bloomberg Law

The budgetary deficit reduction continued inthe government balance was The debt-to-GDP ratio is relatively low, at IMF anticipates the government debt at Household debt level is low, but it has been increasing Ajd in recent years. Services, food and energy prices source inflation up to 2. Overall, Slovakia remains a small economy, but has a strong financial system and offers a production platform for the European automotive and electronic industries. Structural problems that Slovakia faces are regional disparities, poor infrastructure, and an ageing population.

The unemployment rate fell to historical lows in 5. Wages growth has been sustained in recent years, however the pace should ease in Around The Slovak Republic has a highly qualified labour force of 2. The agriculture sector is little developed and represented only 2.

The main agricultural products in the country are cereals, potatoes, sugar beets and grapes. The mountainous area of Slovakia has vast forests and pastures, which are used for intensive sheep grazing, and it is rich in mineral resources including iron, copper, lead and zinc.

Landeprofil Slovakiet

The secondary sector represents Heavy industry sectors - such as metal and steel - are still in a restructuring phase. High value-added industries, like electronics, engineering and petro-chemicals, are installed in the western part of the country. Sectors like automobile and consumer goods are offering attractive opportunities to foreign investors. The services sector contributes It is dominated by trade and real estate.

The development of tourism may also become important for the Slovak economy in the coming years, as tourism source currently the country's most dynamic sector 5.]