Domestic Demand in Slovakia
In the decade leading up to 2022, Slovakia's economy posted an average growth rate of 2.6% in domestic demand, surpassing the Euro Area's average of 1.3%. In 2022, domestic demand growth was 2.9%.
Slovakia Demand Chart
Note: This chart displays Domestic Demand (ann. var. %) for Slovakia from 2014 to 2023.
Source: Macrobond.
Slovakia Demand Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Domestic Demand (ann. var. %) | 3.2 | -3.9 | 6.5 | 1.7 | -5.7 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Slovak demand projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable demand forecast available for Slovak demand.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Slovak demand projections.
Want to get access to the full dataset of Slovak demand forecasts? Send an email to info@focus-economics.com.