SME and Entrepreneurship Policy in the Slovak Republic

Basic statistics of the Slovak Republic

 

Basic statistics of the Slovak Republic, 2019 (Numbers in parentheses refer to the OECD average)
LAND, PEOPLE AND ELECTORAL CYCLE
Population (million)	5.5		Population density per km² (2018)	113.3	(38.2)
Under 15 (%, 2018)	15.7	(17.7)	Life expectancy (years, 2018)	77.3	(80.1)
Over 65 (%, 2018)	15.8	(17.2)	Men	73.9	(77.5)
Foreign-born (%)	3.6		Women	80.8	(82.8)
Latest 5-year average growth (%, 2018)	0.14	(0.55)	Latest general election	Mar	2020
ECONOMY
Gross domestic product (GDP)			GDP per capita (EUR)	17.2
In current prices (billion USD)	105.7		Value added shares (%)
In current prices (billion EUR)	90.2		Primary sector (OECD 2018)	2.8	(1.4)
Latest 5-year average real growth (%)	4.1	(2.3)	Industry including construction (OECD 2018)	28.7	(22.4)
Per capita (000 USD PPP)	31.3	(46.5)	Services	65.1	(69.6)
SMES AND ENTREPRENEURSHIP
Share of employment by firm size (%) (2016)			Labour productivity firm size (thousand EUR) (2017)
1-9 employees	42.0		1-9 employees	13
10-19 employees	6.0		10-49 employees	24
20-49 employees	8.0		50-249 employees	27
50-249 employees	15.8		250 or more employees	38
250 or more employees	28.2
Enterprise birth rate (% of employer enterprises) (2017)	9.6		3-year survival rate of new employer enterprises (%) (2017)	59
Enterprise death rate (% of employer enterprises) (2017)	10.3		5-year survival rate of new employer enterprises (%) (2017)	27
GENERAL GOVERNMENT
Per cent of GDP
Expenditure	42.7		Gross financial debt	63
Revenue	41.4
EXTERNAL ACCOUNTS
Exchange rate (2020, EUR per USD)	0.893		Main exports (% of total merchandise exports 2018)
PPP exchange rate (2020, USA = 1)	0.533		Boilers, machinery and mechanical appliances; electrical machineries and parts	31.3
In per cent of GDP			Transportation	30.7
Exports of goods and services (OECD 2019)	86	(30)	Metals	10.3
Imports of goods and services (OECD 2019)	85	(29)	Main imports (% of total merchandise imports, 2018)
Current account balance	-2.70	(0.30)	Boilers, machinery and mechanical appliances; electrical machineries and parts	33.1
Net international investment position (2014)	-62.9		Transportation	16.6
Domestic value added in gross exports (%) (2016)	55.5	(92.9)	Metals	9.9
Import content of exports (%) (2016)	44.5	(7.1)
LABOUR MARKET, SKILLS AND INNOVATION
Employment rate for 15-64 year-olds (%)	67.5	(68.7)	Unemployment rate, Labour Force Survey (age 15 and over) (%)	5.7	(5.4)
Men	73.3	(76.2)	Youth (age 15-24, %)	19.3	(14.9)
Women	61.6	(61.3)	Long-term unemployed (1 year and over, %)	54.9	(25.8)
Participation rate for 15-64 year-olds (%)	80.4	(78.4)	Tertiary educational attainment 25-64 year-olds (%)	25.8	(38.0)
Average hours worked per year	1 695	(1 726)	Gross domestic expenditure on R&D (% of GDP)	0.82	(2.48)
ENVIRONMENT
Total primary energy supply per capita (million toe)	16.5	(5 320.8)	CO2 emissions (tonnes/per capita)	5.3	(8.7)
Renewables (%)	9.9	(10.9)	Municipal waste (kilograms/per capita)	421.1	(539.1)
Exposure to air pollution (more than 10 g/m3 of PM2.5, % of population)	100	(61.7)
SOCIETY
Income inequality (Gini coefficient, 2018)	0.236		Education (primary, secondary, post sec. non tertiary, 2016)	3.6	(4)
Relative poverty rate (%, 2014)	0.077		Education outcomes (PISA score, 2018)
Gross adjusted disposable household income per capita (000 USD PPP)	22.38		Reading	441	(487)
Public and private spending (% of GDP)			Mathematics	488	(489)
Health care	6.9	(8.8)	Science	461	(489)
Pensions	7.3	(7.7)	Share of women in parliament (%)	20	(30.1)
			Net official development assistance (grant equivalent, % of GNI)	0.111

Source: Calculations based on data extracted from the databases of the following organisations: OECD, World Bank, International Monetary Fund and Eurostat.