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Slovakia

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Country summary

Capital

Bratislava

Borders

Austria 91 km, Czech Republic 197 km, Hungary 676 km, Poland 420 km, Ukraine 90 km

Government type

parliamentary democracy

Population

5,463,046 (July 2010 est.)[1]

Population growth %

0.14 (2010 est.)[1]

Life expectancy

75.4 years[1]

Unemployment

11.4% (2009)[1]

Index of Economic Freedom

35[2]

Corruption Perceptions Index

56[3]

Doing Business ranking

42[4]


The dissolution of the Austro-Hungarian Empire at the close of World War I allowed the Slovaks to join the closely related Czechs to form Czechoslovakia. Following the chaos of World War II, Czechoslovakia became a Communist nation within Soviet-dominated Eastern Europe. Soviet influence collapsed in 1989 and Czechoslovakia once more became free. The Slovaks and the Czechs agreed to separate peacefully on 1 January 1993. Slovakia joined both NATO and the EU in the spring of 2004 and the euro area on 1 January 2009.[1]

Economical characteristics Edit

  • Currency: Euro (ISO code: EUR)
  • Central bank discount rate: 1% (31 December 2008)[1]
  • Commercial banks lending rate: NA%[1]
  • Stock of money (M1): $847.3 million (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $23.15 billion (31 December 2008)[1]
  • is part of the Eurozone since 2009

StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 29 925 28 701 30 296 34 613 45 804 56 032 61 286 69 057 84 242 98 464
Govt. debt (% of GDP)[6] 45.719 45.127 36.287 41.881 31.311 36.586
Govt. revenue (% of GDP)[7] 35.606 34.019 30.645 30.087 29.076 28.983
Govt. expenses (% of GDP)[8] 36.640 35.784 33.566 33.168 30.552 30.873
Debt to revenue (years) 1.284 1.327 1.184 1.392 1.077 1.262

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Slovakia", from The World Facebook. Referenced 2010-09-21.
  2. Heritage Foundation. "Slovakia", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-21.
  3. Transparency International. "Slovakia", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-21.
  4. Doing Business. "Slovakia", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-21.
  5. World Bank. "Slovakia: GDP", from World Bank Data. Referenced 2010-09-21.
  6. World Bank. "Slovakia: government debt", from World Bank Data. Referenced 2010-09-21.
  7. World Bank. "Slovakia: government revenue", from World Bank Data. Referenced 2010-09-21.
  8. World Bank. "Slovakia: government expenses", from World Bank Data. Referenced 2010-09-21.

External linksEdit

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