Sunday, December 09, 2018

Slovakia is taking the climate crisis seriously at exactly a time when growth has improved.


The Gross Domestic Product click here) per capita in Slovakia was last recorded at 19897.15 US dollars in 2017. The GDP per Capita in Slovakia is equivalent to 158 percent of the world's average. GDP per capita in Slovakia averaged 13399.21 USD from 1992 until 2017, reaching an all time high of 19897.15 USD in 2017 and a record low of 7675.59 USD in 1992.

Slovakia's population is 5,432,157. It is the highest it has ever been and is expected to sustain that trajectory through 2025.

In the overall Prosperity Index rankings, Slovakia has climbed by 1 position from 33 to 32 when compared to last year. Since the Prosperity Index began in 2006, Slovakia has moved up the rankings table by 2 places.




Slovakia’s economic freedom score (click here)

is 65.3, making its economy the 59th freest in the 2018 Index...

...It is still affected by widespread corruption and a weak judicial system that remains inefficient and vulnerable to political interference....

...After Slovakia gained independence from the former Czechoslovakia in 1993, market reforms made it one of Europe’s rising economic stars. It entered the European Union and NATO in 2004 and the eurozone in 2009. Prime Minister Robert Fico’s center-left Direction-Social Democracy Party (Smer) lost its parliamentary majority in 2016, but Fico remains leader of a coalition government that includes Smer, the Slovak National Party, and the center-right Bridge (Most-Híd) party. Independent Andrej Kiska was elected president in 2014. Slovakia has rebuffed EU plans for mandatory migrant quotas. Its small, open economy is driven mainly by automobile and electronics exports. Unemployment has mostly remained above the EU average but also has been falling; youth unemployment, however, remains high....