FX.co ★ Slovakia GDP Growth Softest in Over 2 Years

In the second quarter of 2025, Slovakia's economy experienced a year-on-year growth of 0.6%, a figure revised upward from an initial estimate of 0.4%, albeit down from 0.9% in the prior quarter. This represents the slowest growth rate since the first quarter of 2023, largely due to declines in specific sectors such as real estate (-4.5%), construction (-1.8%), and information and communication (-1.1%). However, on the expenditure front, domestic consumption was a key driver of growth. Notably, household spending surged, rising by 2% compared to 0.5% in Q1, while public sector consumption increased by 2.2%. Investment activities also rebounded, with gross fixed capital formation growing by 4.2% for the first time in a year. Additionally, net exports had a positive impact, with exports increasing by 3% and imports by 2.9%, which led to the trade balance shifting into a surplus for the first time in a year. On a seasonally adjusted quarterly basis, Slovakia's economy saw a 0.2% growth, following a 0.1% increase in the first quarter.