Stats: Economy in 2024 Grew Slower Than Originally Published in Spring Revision

Bratislava, 20 October (TASR) - Slovakia's economy in 2024 grew slightly slower than was published in the spring revision, with GDP in fixed prices going up 1.9 percent, compared to the original 2.1 percent, according to the GDP autumn revision released by the Statistics Office on Monday. The revised volume of GDP in fixed prices reached €104.3 billion in 2024, which is €114 million less than the originally published figure. The revision also slightly reduced the GDP growth figure for 2023, from the original 2.2 percent to the current 2.1 percent. Meanwhile, it adjusted the figure for 2022 upwards, from the original 0.4 percent to 0.5 percent. The figure for 2021 remained unchanged. The adjustments are related to the incorporation of outputs from the final end-year value of indicators entering GDP for 2024, which refined the data obtained from quarterly surveys. The cumulative impact of the revision between 2021 and 2024 was a change between -0.2 and 0.1 percentage points (p.p.). The revision was also reflected in the GDP figures ​​for individual quarters. The original figures ​​of year-on-year (y-o-y) growth or decline in real GDP (in fixed prices) were adjusted from -0.2 p.p. to 0.3 p.p. The adjustments in individual quarters of the revised years weren't significant. GDP figures ​​in the individual quarters of 2024, with the exception of the second quarter, decreased by 0.2 p. p., while the second quarter remained unchanged. ko