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    Slovakia Economy - 2003
    https://theodora.com/wfb2003/slovakia/slovakia_economy.html
    SOURCE: 2003 CIA WORLD FACTBOOK

      Economy - overview: Slovakia has mastered much of the difficult transition from a centrally planned economy to a modern market economy. The DZURINDA government has made excellent progress in 2001-02 in macroeconomic stabilization and structural reform. Major privatizations are nearly complete, the banking sector is almost completely in foreign hands, and foreign investment has picked up. Slovakia's economy exceeded expectations in 2001-02, despite the general European slowdown. Unemployment, at an unacceptable 17.2% in 2002, remains the economy's Achilles heel. The government faces other strong challenges in 2003, especially the cutting of budget and current account deficits and the prevention of a revival of inflation.


      GDP: purchasing power parity - $66 billion (2002 est.)


      GDP - real growth rate: 4% (2002 est.)


      GDP - per capita: purchasing power parity - $12,200 (2002 est.)


      GDP - composition by sector: agriculture: 4.5%
      industry: 34.1%
      services: 61.4% (2000)


      Population below poverty line: NA%


      Household income or consumption by percentage share: lowest 10%: 5.1%
      highest 10%: 18.2% (1992)


      Distribution of family income - Gini index: 26.3 (1996)


      Inflation rate (consumer prices): 3.3% (2002 est.)


      Labor force: 3 million (1999)


      Labor force - by occupation: industry 29.3%, agriculture 8.9%, construction 8%, transport and communication 8.2%, services 45.6% (1994)


      Unemployment rate: 17.2% (2002 est.)


      Budget: revenues: $5.2 billion
      expenditures: $5.6 billion, including capital expenditures of $NA (1999)


      Industries: metal and metal products; food and beverages; electricity, gas, coke, oil, nuclear fuel; chemicals and manmade fibers; machinery; paper and printing; earthenware and ceramics; transport vehicles; textiles; electrical and optical apparatus; rubber products


      Industrial production growth rate: 4.4% (2002 est.)


      Electricity - production: 30.29 billion kWh (2001)


      Electricity - production by source: fossil fuel: 30.3%
      hydro: 16%
      other: 0% (2001)
      nuclear: 53.7%


      Electricity - consumption: 24.41 billion kWh (2001)


      Electricity - exports: 5.141 billion kWh (2001)


      Electricity - imports: 1.381 billion kWh (2001)


      Oil - production: 1,000 bbl/day (2001 est.)


      Oil - consumption: 82,000 bbl/day (2001 est.)


      Oil - exports: NA (2001)


      Oil - imports: NA (2001)


      Oil - proved reserves: 4.5 million bbl (January 2002 est.)


      Natural gas - proved reserves: 7.504 billion cu m (January 2002 est.)


      Agriculture - products: grains, potatoes, sugar beets, hops, fruit; pigs, cattle, poultry; forest products


      Exports: $12.9 billion f.o.b. (2002 est.)


      Exports - commodities: machinery and transport equipment 39.4%, intermediate manufactured goods 27.5%, miscellaneous manufactured goods 13%, chemicals 8% (1999)


      Exports - partners: EU 59.9% (Germany 27.0%, Italy 8.8%, Austria 8.1%), Czech Republic 16.6% (2001)


      Imports: $15.4 billion f.o.b. (2001 est.)


      Imports - commodities: machinery and transport equipment 37.7%, intermediate manufactured goods 18%, fuels 13%, chemicals 11%, miscellaneous manufactured goods 9.5% (1999)


      Imports - partners: EU 49.8% (Germany 24.7%, Italy 6.4%), Czech Republic 15.1%, Russia 14.8% (2001)


      Debt - external: $9.6 billion (2002 est.)


      Economic aid - recipient: ODA $113 million (2000), $92 million EU structural adjustment funds (2000 est.)


      Currency: Slovak koruna (SKK)


      Currency code: SKK


      Exchange rates: koruny per US dollar - 45.3267 (2002), 48.3548 (2001), 46.0352 (2000), 41.3628 (1999), 35.2334 (1998)


      Fiscal year: calendar year


      NOTE: The information regarding Slovakia on this page is re-published from the 2003 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guinea Geography 2003 information contained here. All suggestions for corrections of any errors about Slovakia Economy 2003 should be addressed to the CIA.

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    https://theodora.com/wfb2003/slovakia/slovakia_economy.html

    Revised 20-Sep-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)


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