Foreign Trade (As % of GDP) rose to 191% in Slovakia in 2017

Foreign Trade (As % of GDP) (%)
Economy | Slovakia | May 17, 2019
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Excel Sheet

Foreign trade as a share of GDP reached 191 % in 2017 in Slovakia, according to the National Statistical Office. This is 3.63 % more than in the previous year.

Historically, foreign trade as a share of GDP in Slovakia reached an all time high of 191 % in 2017 and an all time low of 58.3 % in 1990. When compared to Slovakia's main peers, foreign trade as a share of GDP in Austria amounted to 104 %, 152 % in Czech Republic, 169 % in Hungary and 105 % in Poland in 2017.

Slovakia has been ranked 7th within the group of 165 countries we follow in terms of foreign trade as a share of GDP, 2 places above the position seen 10 years ago.

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

Foreign Trade (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Austria % 105% 105% 104% 104% 102%
Czech Republic % 139% 148% 148% 159% 156%
Germany % 84.7% 85.9% 84.8% 84.4% 85.7%
Hungary % 167% 166% 164% 169% 170%
Italy % 55.6% 56.2% 55.5% 55.8% 56.9%
Poland % 87.1% 89.3% 90.7% 93.7% 96.0%
Russia % 47.9% 47.1% 46.2% 47.7% 49.3%
Slovakia % 171% 179% 183% 180% 183%
Switzerland % 122% 124% 132% 117% 113%
Ukraine % 106% 104% 95.1% 101% 108%