National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Slovak Republic
SVKGDPNQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,887,772,838.00
Year-over-Year Change
28.92%
Date Range
1/1/1995 - 7/1/2023
Summary
The 'National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Slovak Republic' series measures the total value of all goods and services produced within the Slovak Republic over a given period, a key indicator of economic performance and living standards.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Gross Domestic Product (GDP) is the broadest measure of national economic output, representing the total market value of all final goods and services produced. This series tracks GDP for the Slovak Republic, providing a comprehensive view of the country's economic activity and growth.
Methodology
The data is collected through surveys and administrative records by the Statistical Office of the Slovak Republic.
Historical Context
GDP is closely monitored by policymakers, analysts, and businesses to assess economic conditions and inform decision-making.
Key Facts
- Slovakia's GDP reached €104.8 billion in 2021.
- GDP per capita in Slovakia was €19,200 in 2021.
- The Slovak Republic joined the Eurozone in 2009.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services produced within the Slovak Republic, known as Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial indicator of a country's economic performance and living standards, making this trend highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: GDP data is closely monitored by policymakers to assess economic conditions and inform decision-making, particularly regarding fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Statistical Office of the Slovak Republic, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Slovak Republic (SVKGDPNQDSMEI), retrieved from FRED.