empty
 
 

2022.05.1715:48:00UTC+00Slovakia GDP Growth Improves In Q1

Slovakia's economic growth improved further in the three months ended March, supported by strong domestic demand conditions, preliminary figures from the Statistical Office of the Slovak Republic showed Tuesday.

Gross domestic product grew an unadjusted 3.1 percent year-on-year in the first quarter, faster than previous quarter's 1.4 percent increase.

On a seasonally adjusted basis, annual GDP growth accelerated to 3.0 percent in the March quarter from 1.2 percent in the December quarter.

The annual growth in GDP was mainly supported by domestic demand formed by both consumer and investment requirements, while foreign demand declined.

Compared to the previous quarter, the Slovakian economy expanded at a steady pace of 0.4 percent in the first quarter.

Data also showed that total employment rose by 2.1 percent in the first quarter compared to last year. After seasonal adjustments, total employment grew 1.9 percent yearly and 0.4 percent quarterly in the March quarter.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback