IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL SLOVAK REPUBLIC

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Bratislava

2016 2017 2018 2019 2020

49 2019

0.893 2019 5.45 2019 107.6 2019 36,394 2019 2.6 2019 2.77 2019 5.90 2019 2.74 2019 -2.82 2019 57.1 2018 2.15 2019

Exchange Rate (per $)

40

51

53

55

57

50

Population - market size (millions)

CHALLENGES IN 2020 Stabilising the expenses and return to the balanced budget. Strengthening of the digitalisation processes across the sectors. • Stabilising the expenses and return to the balanced budget. • Strengthening of the digitalisation processes across the sectors. • Reform of education sector to suit the needs of employers.

51

Gross Domestic Product (GDP) (US$ billions)

34

GDP (PPP) per capita (US$)

21

Real GDP growth (%)

• The need to strengthen the business environment. • Insufficient skilled work force and high labour cost.

44

Consumer price inflation (%)

40

Unemployment rate (%)

51

Labor force (millions)

53

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

27

30

36

43

43

46

47 47 49

48

50

51

53

55

56 59 60

60

62

63

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

POPULATIONS < 20 MILLION (34 countries)

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

24

27

29

30

31

31

34

35

37

37

103

IMD WORLD COMPETITIVENESS BOOKLET 2020