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25 February, 2021updated 30 Oct 2021 05:00

Investing in Slovakia: what you need to know

All of the key data and information needed when considering investing in Slovakia.

By Carmen

As of 2021, Slovakia has a population of 5.5 million, making it the 117th largest country in the world by this measure. There are 48.8% males and 51.2% females.

There are 2.5 million people employed in Slovakia, with an unemployment rate of 5.8% – 145,899 people.

Slovakia is the 53rd largest economy in the world with a GDP of $112.7bn. Slovakia’s GDP has grown by 27% between 2010 and 2021 and is expected to grow by 24% by 2025.

As of 2021 there are 151,741 students in tertiary education in Slovakia, with 436,593 students in secondary and 233,960 in primary education. Slovakia spent 3.2% of its GDP on education in 2019.

Slovakia ranked 45th in the World Bank’s Doing Business Report (2020). In the 2019 report it finished 42nd. In the World Economic Forum’s Global Competitiveness Report (2019), Slovakia finished 42nd, after ranking 42nd in 2018.

Public healthcare expenditure totalled $5.7bn and private healthcare expenditure equalled $1.4bn in 2018.

The largest urban areas in Slovakia are Presov (831,221 people), Kosice (797,381) and Zilinsky (693,626).

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