Financial News: Slovakia Q4 GDP Growth Unrevised At 1.8%

Slovakia Q4 GDP Growth Unrevised At 1.8%

03/07/2025 - 08:46:00 (RTTNews)

(RTTNews) - Slovakia's economic growth improved as initially estimated in the three months ending December, the latest data from the Statistical Office of the Slovak Republic showed on Friday.

Gross domestic product grew an unadjusted 1.8 percent year-over-year in the fourth quarter, following a 1.2 percent rise in the third quarter. That was in line with the flash data published on February 14.

The accelerated growth in the fourth quarter was mainly supported by household and government consumption. On the other hand, further acceleration in growth was hampered by the slump in investment activities.

The expenditure breakdown showed that household consumption grew 2.7 percent, and government consumption rose by 2.1 percent. Meanwhile, gross fixed capital formation declined sharply by 11.5 percent, and the balance of foreign trade at current prices remained slightly negative.

Among the sectors, it was mainly supported by moderate growth in industry and trade with transportation and tourism, the agency said.

On a quarterly basis, GDP advanced 0.5 percent versus a 0.3 percent rise in the third quarter, as estimated.

During the year 2024, GDP expanded 2.0 percent, which was the fastest in three years, compared to a 1.4 percent growth in 2023.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Index Tumbles Much More Than Expected In April (39 min(s), 36 sec(s) ago)
(RTTNews) - Preliminary data released by the University of Michigan on Friday showed a continued s ...Full Story»

U.S. Producer Prices Unexpectedly Decrease In March, Annual Growth Slows (01 hr(s), 15 min(s), 24 sec(s) ago)
(RTTNews) - On the heels of yesterday's report showing a surprise dip by U.S. consumer prices, ...Full Story»

German Inflation Lowest In 4 Months (02 hr(s), 20 min(s), 24 sec(s) ago)
(RTTNews) - Germany's inflation slowed to the weakest rate in four months in March as energy p ...Full Story»

U.S. Producer Prices Unexpectedly Fall 0.4% In March (02 hr(s), 26 min(s), 24 sec(s) ago)
(RTTNews) - On the heels of yesterday's report showing a surprise dip by U.S. consumer prices, ...Full Story»

Hungary Industrial Output Falls As Estimated (03 hr(s), 34 min(s), 24 sec(s) ago)
(RTTNews) - Hungary's industrial production declined sharply as initially estimated in Februar ...Full Story»

India Industrial Output Growth Eases To 2.9% (03 hr(s), 53 min(s), 24 sec(s) ago)
(RTTNews) - India's industrial production growth moderated more-than-expected in February to t ...Full Story»

UK GDP Growth Rebounds In February (05 hr(s), 41 min(s), 24 sec(s) ago)
(RTTNews) - The UK economy expanded at a solid pace in February with increases in all main sectors ...Full Story»

Turkey Retail Sales Growth Slowest In 7 Months (05 hr(s), 45 min(s), 24 sec(s) ago)
(RTTNews) - Turkey's retail sales continued to expand strongly in February, though at the slow ...Full Story»