National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Slovak Republic
Annual
SVKGDPNADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109,645,184,000.00
Year-over-Year Change
59.45%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual gross domestic product (GDP) per capita trend measures the total economic output of a country divided by its population, providing a gauge of a nation's standard of living and economic development.
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
GDP per capita is a widely used indicator of a country's economic performance and productivity. It represents the average income per person and is a key metric for comparing the relative wealth and living standards between different economies.
Methodology
The data is calculated by the World Bank using national accounts data and population figures.
Historical Context
This trend is closely monitored by economists, policymakers, and investors to assess a country's economic health and inform economic and policy decisions.
Key Facts
- Slovakia's GDP per capita was $22,746 in 2021.
- GDP per capita has grown by an average of 3.3% per year in Slovakia since 2000.
- The United States had a GDP per capita of $63,416 in 2021.
FAQs
Q: What does this economic trend measure?
A: The Annual GDP per capita trend measures the total economic output of a country divided by its population, providing a gauge of a nation's standard of living and economic development.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a widely used indicator of a country's economic performance and productivity, representing the average income per person and allowing for comparisons of relative wealth and living standards between different economies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and population figures.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and investors to assess a country's economic health and inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The World Bank typically publishes the annual GDP per capita data with a lag of around one year.
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XTIMVA01SKA657S
Percentage of Foreign Bank Assets Among Total Bank Assets for Slovakia
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Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Slovak Republic
SVKCP030000GPM
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Citation
U.S. Federal Reserve, Annual GDP per capita (SVKGDPNADSMEI), retrieved from FRED.