Heavy involvement in international trade and global value chains has been an effective way for promoting Slovakia's economic and social catch-up.
Roma account for almost one-tenth of the population in the Slovak Republic. They live mostly excluded from the general population in concentrated settlements, separated neighbourhoods or ghettos.
Changing labour market demand and moving up the global value chain requires high-skilled workers.
The Slovak Republic continues to exhibit robust economic performance. International competitiveness is strong, fiscal and financial policies are prudent, poverty and income inequality are low, and the country’s environmental footprint has improved markedly. Employment is rising, prices have been stable, and the external account is near balance.
Employment and hours worked are already at the highest since independence. The unemployment rate has fallen below historical norms. Nevertheless, more qualified people are needed.
Despite improvements over the past few decades, Slovak health outcomes remains poor compared with most other OECD countries, even after controlling for differences in per capita income and other social, cultural and lifestyle factors.
Slovakia’s economy continues to perform extremely well both in terms of macroeconomic outcomes and public finances
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This country note from Going for Growth 2017 for the Slovak Republic identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
This method compares Slovakia’s economic performance with that of a weighted combination of comparable Central European economies that have remained outside the Euro zone.
Regional inequality in Slovakia is among the highest in the OECD and is increasing. The main reason for regional disparity is the combination of low economic growth and job creation in the eastern and central part of the country and insufficient labour mobility to the west, in particular by low-skilled workers.