Slovakia continues the difficult transition from a centrally planned economy to a modern market economy. The economic slowdown in 1999 stemmed from large budget and current account deficits, fast-growing external debt, and persistent corruption. Even though GDP growth reached only 2.2% in 2000, the year was marked by positive developments such as foreign direct investment of $1.5 billion, strong export performance, restructuring and privatization in the banking sector, entry into the OECD, and initial efforts to stem corruption. Strong challenges face the government in 2001, especially the maintenance of fiscal balance, the further privatization of the economy, and the reduction of unemployment.
Industry:
metal and metal products; food and beverages; electricity, gas, coke, oil, nuclear fuel; chemicals and manmade fibers; machinery; paper and printing; earthenware and ceramics; transport vehicles; textiles; electrical and optical apparatus; rubber products
Ethnicgroups:
Slovak 85.7%, Hungarian 10.6%, Roma 1.6% (the 1992 census figures underreport the Gypsy/Romany community, which is about 500,000), Czech, Moravian, Silesian 1.1%, Ruthenian and Ukrainian 0.6%, German 0.1%, Polish 0.1%, other 0.2% (1996)
Vaccination requirements:
No vaccination requirements for any international traveller.
