IMD World Competitiveness Booklet 2021

COMPETITIVENESS TRENDS - OVERALL SLOVAK REPUBLIC

OVERALL PERFORMANCE (64 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Bratislava

2017 2018 2019 2020 2021

49 2020

50

51

0.876 2020 5.46 2020 101.2 2020 32,710 2020 -5.6 2020 2.01 2020 7.20 2020 2.73 2020 -0.37 2020 59.8 2019 2.20 2019

53

Exchange Rate (per $)

55

57

50

Population - market size (millions)

CHALLENGES IN 2021 Lacking reform initiatives from the government. Insufficient funding for the SMEs innovation and transformation. • Lacking reform initiatives from the government. • Insufficient funding for the SMEs innovation and transformation. • Weak regulatory framework supporting higher competitiveness. • Quality of the education institutions and lack of strong lifelong learning system. • Lack of business agility and preparedness for transformation.

51

Gross Domestic Product (GDP) (US$ billions)

38

GDP (PPP) per capita (US$)

39

Real GDP growth (%)

42

Consumer price inflation (%)

37

Unemployment rate (%)

51

Labor force (millions)

43

Current account balance (% of GDP)

50

Direct investment stocks inward ($bn)

The F.A. Hayek Foundation, Bratislava Provided b : The F.A. Hayek Foundation, Bratislava

34

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

21

24

37

38

39

41

44

46

47

47

47

49 47

51

52

53

54

56

62

62

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)

POPULATIONS < 20 MILLION (35 countries)

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

29

34

35

35

30

31

31

31

37

37

102

IMD WORLD COMPETITIVENESS BOOKLET 2021