Slovakia

The dissolution of the Austro-Hungarian Empire at the close of World War I allowed the Slovaks to join the closely related Czechs to form Czechoslovakia. Following the chaos of World War II, Czechoslovakia became a Communist nation within Soviet-dominated Eastern Europe. Soviet influence collapsed in 1989 and Czechoslovakia once more became free. The Slovaks and the Czechs agreed to separate peacefully on 1 January 1993. Slovakia joined both NATO and the EU in the spring of 2004 and the euro area on 1 January 2009.

Economical characteristics

• Currency: Euro (ISO code: EUR)
• Central bank discount rate: 1% (31 December 2008)
• Commercial banks lending rate: NA%
• Stock of money (M1): $847.3 million (31 December 2008)
• Quasi money (with M1 makes M2): $23.15 billion (31 December 2008)

Statistics

Statistic / Year	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008
GDP (million USD)	29 925	28 701	30 296	34 613	45 804	56 032	61 286	69 057	84 242	98 464
Govt. debt (% of GDP)					45.719	45.127	36.287	41.881	31.311	36.586
Govt. revenue (% of GDP)					35.606	34.019	30.645	30.087	29.076	28.983
Govt. expenses (% of GDP)					36.640	35.784	33.566	33.168	30.552	30.873
Debt to revenue (years)					1.284	1.327	1.184	1.392	1.077	1.262

References

Note: statistical data was rounded. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

External links

• Slovakia on Wikipedia
• Central bank of Slovakia
• Country profile (pdf) from the Enterprise Studies page (part of the The World Bank Group)
• BBC country profile