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Économie de la République slovaque en un coup d’œil

Enhancing the Slovak National Productivity Board’s set-up and analytical capacity

In the framework of the project “Slovak Republic: Evaluation of the Position and Performance of the National Productivity Board (NPB)”, funded by the EU through the Structural Reform Support Programme, the OECD has been supporting the Slovak NPB to align its work and activities with best international practices, in co-operation with the Directorate-General for Structural Reform Support (DG REFORM) of the European Commission. The goal of the project is to strengthen the Slovak NPB’s institutional set-up and analytical capabilities to collect and analyse productivity data, as well as develop policy-oriented recommendations.

This report provides an overview of practical strategies to enhance the capacity of the Slovak NPB to analyse productivity trends and contribute to the development of pro-productivity policies. It draws on international practices and experience of other NPBs and pro-productivity institutions. It provides lessons tailored to the Slovak NPB that can provide guidance and insights for other institutions working on productivity analysis in other EU and OECD countries.

This work is a joint effort of the OECD Economics Department and the Directorate for Science, Technology and Innovation.

> Presentation of key findings and recommendations

Étude économique de la République slovaque (janvier 2022)

Après une grave récession en 2020, l’activité économique a rebondi. Néanmoins, des perturbations des approvisionnements et un faible taux de vaccination rendent plus incertain le rythme futur de la reprise. Un plan de relance ambitieux et de volumineux apports de fonds de l’Union européenne (UE) offrent une occasion unique de renforcer l’économie, mais la mise en œuvre efficace et en temps voulu de ce plan exigera des efforts soutenus d’amélioration de la passation des marchés publics et de la gestion des investissements publics. À moyen terme, le vieillissement rapide de la population va exacerber les problèmes budgétaires et peser sur la croissance à long terme. Pour se préparer au vieillissement de la société, il faudra engager des réformes des retraites ainsi que des soins de santé et de longue durée, afin d’allonger les vies actives, d’améliorer l’état de santé d’une population vieillissante et de renforcer l’efficience des dépenses publiques. Dans le même temps, le vieillissement démographique accentue la nécessité de rehausser la productivité. Pour relancer le processus de convergence économique et rendre la croissance plus inclusive et durable, il faut prendre des mesures destinées à améliorer l’adéquation des compétences, à renforcer les capacités d’innovation nationales et à améliorer la tarification des externalités des activités préjudiciables à l’environnement.

Études économiques de l’OCDE : République slovaque 2022 (version abrégée)

Executive Summary

Presentation

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Reform Priorities (April 2021)

Going for Growth 2021 - Slovak Republic

The sectors most affected by the pandemic (i.e. tourism, retail, and construction) traditionally provide seasonal or temporary jobs for vulnerable workers, notably low-skilled, women, youth, and marginalised Roma. The pandemic highlights a need to strengthen skills across the population. This will improve employability of vulnerable groups, boost productivity, make the economy more resilient to future shocks and prepare it to make the most out of digitalisation.

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20th Anniversary of OECD Membership

Since joining the OECD in 2000, the Slovak Republic has continuously ranked among the fastest growing OECD economies, progressively catching up with higher-income countries. Labour market performance and living standards have improved at a high pace, while inequality remained low. In 2019, the typical Slovak worker earned 70% more than 20 years earlier.

Macroeconomic and financial stabilisation, privatisations, changes in business regulations, tax reforms and policies to foster labour market dynamism were all key to promote economic growth and convergence to higher-income countries. Together with its favourable geographical position, this contributed to make the Slovak Republic one the most sought-after investment destinations in Europe.