IMD World Competitiveness Booklet 2023

Competitiveness Country Profiles

Slovak Republic Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Bratislava

49 2022

49

50

0,950 2022

53

53

Exchange rate (per $)

5,43 2022 49 113,4 2022 50 38.887 2022 42 1,7 2022 60 12,13 2022 49 6,10 2022 45 2,77 2022 50 -4,29 2022 48 59,4 2021 49 0,83 2021 53

57

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2023

GDP (PPP) per capita (US$)

The European energy crisis. Sustainability of public finances.

• •

Real GDP growth (%)

Consumer price inflation (%)

• Political stability (e.g., problems with the systematic legislative process). • Long-term lagging of the education system, disconnect with labor market needs. • The health system problem.

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 & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

31

34

42 45 44 37

38

40

40

46

47

49

52

54

54 49

55

61

62

63

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

POPULATIONS < 20 MILLION (37 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

33

30

34

34

35

31

31

31

37

33

107