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Slovakia

Welcome to the price transmission page for Slovakia. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Slovakia

Historic Warnings per Commodity

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Background information

Landlocked Slovakia transformed successfully from a centrally-planned to an open mixed-economy. It is a high income advanced economy mainly based on the service sector, which is increasingly attracting FDI due to low wages and an educated work force. Natural resources include lignite, small amounts of iron ore, copper and manganese ore. Apart from the natural-resource based industries, the engineering and manufacturing sectors are important; the country is for instance the world’s largest producer of cars per capita. Slovakia is part of the EU and the Eurozone.

The country’s landscape is mostly mountainous. Roughly one-third of the land area is used as arable land for crops such as grains, potatoes, sugar beets, hops, and fruit. Permanent pasture is important for pigs, cattle and poultry. Overall, agriculture contributes to 3.4% of GDP and 4.2% of employment. Despite the low contribution to the economy’s output, Slovakia is a net food exporter.

The small country with a population of 5.5 million received a value of 0.844 in the HDI (2014), ranking in the very high human development category. Roughly one-tenth of the labor force is unemployed; amounting to one-third in terms of youth unemployment for persons aged 15-24. Roughly one-tenth of the population is living below the national poverty line. Overall, Slovakia ranks among the most income-equal countries worldwide with a Gini coefficient of 26.