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Slovakia has made significant economic reforms since its separation from the Czech Republic in 1993. Reforms to the taxation, healthcare, pension, and social welfare systems helped Slovakia to consolidate its budget and get on track to join the EU in 2004 and to adopt the euro in January 2009. Major privatizations are nearly complete, the banking sector is almost entirely in foreign hands, and the government has helped facilitate a foreign investment boom with business friendly policies such as labor market liberalization and a 19% flat tax. Foreign investment in the automotive and electronic sectors has been str...  More..

Economy of Slovakia
SOURCE: CIA - The World Factbook
Currency Euro
Fiscal Year 01 January - 31 December
GDP (PPP) $115.7 billion (2009 est.)
GDP (per capita) $21,200 (2009 est.)
Exports $55.4 billion (2009 est.)
Imports $53.74 billion (2009 est.)
Main Industries Metal and Metal Products; Food and Beverages; Electricity, Gas, Coke, Oil, Nuclear Fuel; Chemicals and Manmade Fibers; Machinery; Paper and Printing; Earthenware and Ceramics; Transport Vehicles; Textiles; Electrical and Optical Apparatus; Rubber Products
Exports - Commodities Machinery and Electrical Equipment 35.9%, Vehicles 21%, Base Metals 11.3%, Chemicals and Minerals 8.1%, Plastics 4.9% (2009 Est.)
Imports - Commodities Machinery and Transport Equipment 30.9%, Mineral Products 13%, Vehicles 11.8%, Base Metals 8.7%, Chemicals 7.6%, Plastics 5.7% (2009 Est.)
Exports Partners Germany 20.1%, Czech Republic 12.9%, France 7.8%, Poland 7.2%, Hungary 6.3%, Italy 6.1%, Austria 5.8%, UK 4.8% (2009 est.)
Imports Partners Germany 16.8%, Czech Republic 12.3%, Russia 9%, South Korea 6.8%, China 5.8%, Hungary 5.3%, Poland 4% (2009 est.)

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