Slovakia

Slovakia has struggled to create a modern market-led economy, but was among the ten countries that joined the EU in 2004.

Economic Strengths

Automotive sector. Growth in EU exports during 2007 and likely eurozone membership in 2009. Potential for tourism growth.

Economic Weaknesses

High foreign indebtedness. High unemployment. Dependence on foreign trade makes the economy vulnerable to global recession.

Population 5,932,407
Capital city Bratislava
Currency Slovak koruna
World GNP Ranking 61
Unemployment 8.6%
Inflation 2.27%

 

Source: Central Intelligence Agency; The World Factbook, March 2009