Statistics: Slovakia's GDP Up 0.9 percent Y-o-Y in 1Q25

Bratislava, May 15 (TASR) - Slovakia's gross domestic product (GDP) in fixed prices grew by 0.9 percent year-on-year (y-o-y) in the first quarter of 2025, according to a preliminary estimate released by the Statistics Office on Thursday. Seasonally adjusted, GDP rose by 1 percent in yearly terms, while quarter-on-quarter (q-o-q), it increased by 0.2 percent. GDP volume in current prices rose by €0.9 billion y-o-y to reach €31.1 billion. When calculated in fixed prices, GDP amounted to €24.2 billion, which is an increase of €208 million y-o-y. The GDP growth in fixed prices in the first quarter of 2025 was driven by domestic demand, especially final household consumption, although its growth pace slowed down significantly. The economic performance was also fuelled by public administration consumption, while investments remained in a y-o-y decay. Overall employment reached almost 2.412 million people and saw a y-o-y decrease of 0.3 percent. After seasonal adjustments, the number of employees went down by 0.4 percent y-o-y and by 0.3 percent in q-o-q terms. ko