Slovakia: Exports, percent of GDP

* indicates monthly or quarterly data series

Exports of goods and services as percent of GDP

 Latest value 99.06
 Year 2022
 Measure percent
 Data availability 1990 - 2022
 Average 71.21
 Min - Max 23.81 - 99.06
 Source The World Bank
For that indicator, we provide data for Slovakia from 1990 to 2022. The average value for Slovakia during that period was 71.21 percent with a minimum of 23.81 percent in 1990 and a maximum of 99.06 percent in 2022. The latest value from 2022 is 99.06 percent. For comparison, the world average in 2022 based on 133 countries is 47.15 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Slovakia - Exports, percent of GDP - recent values

Historical chart
Slovakia - Exports, percent of GDP - historical chart - 1990-2022

The exports of Slovakia and other countries are calculated as the total amount of goods and services produced at home and sold abroad. Exports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If exports are about 15 percent or less of GDP the economy is considered relatively closed as only 15 percent of its products are sold internationally. That, for example, applies to the U.S. In contrast, many small European countries export over 40 percent of their production. They are considered more open to international trade.
Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

 Related indicators Latest value Reference Measure
 Terms of trade 102.12 2021 percent
 Trade openness 204.11 2022 percent
 Exports, percent of GDP 99.06 2022 percent
 Exports, billion dollars 114.73 2022 billion U.S. dollars
 Growth of exports 3.00 2022 percent
 Imports, percent of GDP 104.83 2022 percent
 Imports, billion dollars 120.95 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 3.51 2022 percent
 Foreign Direct Investment, billion dollars 4.05 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2022 million dollars (current)
 Current account, percent of GDP -8.30 2022 percent
 Current account, in dollars -8.45 2022 billion U.S. dollars
 Trade balance, percent of GDP -5.39 2022 percent
 Trade balance, in dollars -5.94 2022 billion U.S. dollars
 Reserves 10.28 2022 billion U.S. dollars
 Remittances, percent of GDP 1.86 2022 percent
 Remittances 257.85 2022 million U.S. dollars
 Net errors and omissions -657.74 2022 million USD
 Foreign exchange reserves 9.44 9/2023 billion
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