IMD World Competitiveness Booklet 2022

Slovak Republic Competitiveness Trends – Overall

OVERALL PERFORMANCE (63 countries)

BASIC FACTS

Rank

2018

2019

2020

2021

2022

Capital Land area (square km '000)

Bratislava

49 2021

49

50

0.845 2021

53

Exchange Rate (per $)

55

5.46 2021 47 114.9 2021 49 35,468 2021 39 3.0 2021 55 2.83 2021 31 6.80 2021 40 2.75 2021 49 -1.97 2021 46 64.0 2020 49 -0.31 2020 52

57

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2022

GDP (PPP) per capita (US$)

• Slow pace of digitalisation of SMEs across the country. • Lack of skilled personnel available to companies. • Considerable costs of starting and running a business. • Lack of alternative financing for SMEs and start-ups. • Impact of Russian invasion on energy supplies and migration.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: The F.A. Hayek Foundation, Bratislava

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

22

32

35

38

38

45

46 47 44

46 43 45

48

48

54

54

55

58 56

62

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries)

POPULATIONS < 20 MILLION (36 countries)

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

30

33

34

34

35

31

31

31

31

36

102 Competitiveness Country Profiles