Source: world bank Nominal/PPP
Summary:
Slovakia GDP Per Capita expanded from 1990 to 2024, increasing from $12.92 to $140.93 .The compound annual growth rate (CAGR) averaged 7.28% over the period. The economy recorded its peak level in 2024 and its lowest level in 1990. Growth volatility remained high. The maximum drawdown reached 12.32%, indicating the largest cyclical decline from peak levels. The country experienced 7 recession episode(s) during the observed period.
Slovakia Economic Phases (1990 - 2024)
From 1990 to 2024, Slovakia economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1991–1996) indicating robust economic expansion
- High Growth (2001–2008) indicating robust economic expansion
- Expansion (2013–2014) indicating steady moderate growth
- High Growth (2017–2018) indicating robust economic expansion
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 2003 with an increase of 32.268%, while the largest decline was in 2015 at -12.323%.