The Gross Domestic Product (GDP) in Slovakia expanded 0.40 percent in the second quarter of 2019 over the previous quarter. GDP Growth Rate in Slovakia averaged 0.97 percent from 1995 until 2019, reaching an all time high of 7.40 percent in the fourth quarter of 1998 and a record low of -9.10 percent in the first quarter of 2009. Slovakia has been one of the fastest growing economies in Europe. Foreign direct investment, especially in the automotive and electronic sectors, fueled much of the growth. On the expenditure side, household consumption is the main component of GDP and accounts for 57 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (19 percent). Exports of goods and services account for 92 percent of GDP while imports account for 88 percent, adding 4 percent of total GDP. This page provides – Slovakia GDP Growth Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news.