Slovakia GDP Growth Softest in Over 2 Years

Slovakia’s economy grew by 0.6% year-on-year in the second quarter of 2025, revising higher from initial estimates of 0.4%, but slowing from 0.9% in the previous quarter. This marks the weakest pace since Q1 2023, as contractions in real estate (-4.5%), construction (-1.8%), and information and communication (-1.1%) weighed on overall performance. On the expenditure side, domestic consumption supported growth, with household spending accelerating (2% vs 0.5% in Q1) and public sector consumption rising 2.2%. Investment activity also recovered, as gross fixed capital formation increased 4.2% for the first time in a year, while net exports contributed positively, with exports up 3% and imports 2.9%, bringing the trade balance into surplus for the first time in a year. On a seasonally adjusted quarterly basis, the economy grew 0.2%, revising higher from initial estimates of a 0.1% expansion, matching the same pace as in the prior period.