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Slovakia is one of the fastest-growing economies of the European Union. The country’s economy is expected to reach $111.8 billion by 2018. Slovakia has achieved high economic growth due to its economic reforms, inflow of FDI, in addition to its high exports and imports. Economic reforms and market-oriented government policy boosted the economic growth in Slovakia during the last decade. Increasing foreign demand has strengthened the trade sector and pushed economic growth.

Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the economic scenario of the country and presents its findings in “PESTLE Analysis of Slovakia 2013.” The report provides an in-depth PESTLE analysis of economy of Slovakia. This report includes the in-depth analysis of the macro economy, political scenario, as well as social and technological analyses of the central European country. This report provides insights into leading industries in Slovakia.

The report highlights that the Slovakian economy suffers from high rate of inflation caused by high energy prices as well as an increasing VAT rate. The high unemployment rate is hampering economic growth and the retail and real estate industries, affecting consumer demand.

Lucintel analyzes the major strengths of the economy. Slovakia offers a skilled, highly productive work force with relatively low wages, which is beneficial for the technology-based industry. Investment incentives are provided to different sectors to increase the business environment in Slovakia. Incentives are available to industries, technological centers, shared services centers, and tourism sectors.

This report will be helpful in strategic analysis and presents an overview of the political, social, and economic scenario of Slovakia. It also is of great benefit to those wanting to invest in Slovakia. This report helps understand the economic strength and risks involved in the Slovakia business environment.  

This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.

To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.

Some of the features of this report:

  • Trend and forecast for key macroeconomic variables that are useful to make major investment decision
  • Analysis on economic activity, investment environment, and trade structure of the country
  • Major industries in Slovakia and its contribution to GPD
  • Trends in savings, investments, and consumptions
  • Analysis of Political, Economic, Social, Technological, Legal, and Environmental scenarios as well as their impact on different industries
  • Analyses on geographical importance and social structure such as labor quality
  • Strength, Weakness, Opportunity, and Threat (SWOT) analysis of Slovakia
  • More than 18 figures/charts and 13 tables are provided in this roughly 65-page report.
Benefits of a Lucintel Report:
Lucintel’s core competency is in market research and management consulting. In the last 14 years, Lucintel has worked on hundreds of market and economic research studies. Lucintel’s market reports offer the following benefits:
  • Enhance your global growth strategy with key economic and potential industry analysis
  • Fine-tune your business expansion planning and market development with analysis of domestic demand analysis and demographics structure analysis
  • Explore business opportunities with the analysis of leading industry, potential sector analysis and by understanding strength,  weakness, opportunity, and threat  of the country
  • Know the business environment of the country using report’s PESTLE analysis and their impact on industry. Also included is Foreign Direct Investment and Trade structure analysis.
Table of Contents

1. Executive Summary    

2. Slovakia’s Political Analysis    
2.1: Structure and stability of government    
2.2: Government policy agenda    
2.2.1: Policy agenda    

3. Slovakia’s Economic Analysis    
3.1: Sectoral contribution to GDP and GDP growth rate    
3.2: Pricing trends - inflation and interest rates    
3.3: Consumption, saving, and investment trends    
3.4: International trade and its contribution to GDP    
3.5: Foreign direct investment by industry
4. Slovakia’s Social Analysis    
4.1: Social and demographic analysis    
4.2: Labor market    
4.3: Social development index    

5. Slovakia’s R&D and Technological Factors    
5.1: R&D expenditure in Slovakia    
5.2: Impact of technology in industry    
5.3: Technology policy
6. Slovakia’s Legal Analysis    
6.1: Company law    
6.2: Labor law    
6.3: Tax law    
6.4: Recent economic policies    
6.5: Doing business in Slovakia 2013    

7. Slovakia’s Environmental Analysis    
7.1: Government action against environmental issues    
7.2: Environmental policy    
7.1: Environment policy    

8. SWOT Analysis of Slovakia

List of Figures
Chapter 3. Slovakia’s Economic Analysis
Figure 3.1: Trend of real GDP growth rate
Figure 3.2: Forecast of real GDP growth rate
Figure 3.3: Quarterly trend of GDP growth rate and IIP
Figure 3.4: Trend of per capita income
Figure 3.5: GDP Sectoral contribution
Figure 3.6: Share of different sectors to GDP
Figure 3.7: Quarterly trend of inflation and interest rate
Figure 3.8: Annual trend of inflation and interest rate
Figure 3.9: Trend of savings and investments as percentage of GDP
Figure 3.10: Trend of consumption expenditure as percentage of GDP
Figure 3.11: Trend of Slovakia’s international trade
Figure 3.12: Trend of exports and imports as percentage of GDP
Figure 3.13: Foreign direct investment by industry

Chapter 4. Slovakia’s Social Analysis
Figure 4.1: Geographical location of Slovakia
Figure 4.2: Trend of population and population growth rate
Figure 4.3: Population age structure by 2017
Figure 4.4: Trend of unemployment rate in Slovakia
Chapter 5. Slovakia’s R&D and Technological Factors
Figure 5.1: Trend of R&D expenditure in Slovakia

List of Tables

Chapter 1. Executive Summary    
Table 1.1: Factors affecting business in Slovakia

Chapter 2. Slovakia’s Political Analysis
Table 2.1: Political factors and its impact on business

Chapter 3. Slovakia’s Economic Analysis
Table 3.1: FDI limits by industry
Table 3.2: Economic factors and its impact on business

Chapter 4. Slovakia’s Social Analysis
Table 4.1: Population age structure of Slovakia
Table 4.2: Corruption, GINI, Homicide and Human Development Index
Table 4.3: Social factors and its impact on business

Chapter 5. Slovakia’s R&D and Technological Factors
Table 5.1: Technological factor and its impact on business

Chapter 6. Slovakia’s Legal Analysis    
Table 6.1: Tax rates in Slovakia, 2013
Table 6.2: Indicators for starting business
Table 6.3: Ranking for procedures of starting business
Table 6.4: Legal factors and its impact on business

Chapter 7. Slovakia’s Environmental Analysis
Table 7.1: Environmental factors and its impact on business

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Full Report: PESTLE Analysis of Slovakia 2013 Full Report $ 750
More than 18 figures/charts and 13 tables are provided in this roughly 65-page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.