In 2023, Slovakia's GDP was predominantly driven by the services sector at 37.15%. The mining, manufacturing, and utilities sector contributed 26.93%, while wholesale, retail trade, restaurants, and hotels accounted for 13.15%. The transport, storage, and communication sector was at 11.25%, with construction making up 7.85%. Agriculture, hunting, forestry, and fishing combined stood at a modest 3.68%. Over the last two years, growth trends showed the services sector strengthening, while traditional industries like agriculture saw minimal change. The 5-year CAGR highlighted notable growth in tech-driven and service-oriented sectors.
Future trends in Slovakia's GDP composition suggest a pivot towards digital and green economies. Key sectors such as transport and manufacturing are anticipated to integrate more sustainable technologies. Watch for increased government and foreign investment in infrastructure and renewable energy, potentially redefining industrial contributions to GDP. Trade dynamics within the EU will also play a crucial role.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 37.15 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 26.93 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 13.15 | 2016 | |
| 4 | 4 Transport, storage and communication | 11.25 | 2016 | |
| 5 | 5 Construction | 7.85 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 3.68 | 2016 |
