echoslovakia as a whole
inflation in 1991 was roughly 50% and output fell 15%. In 1992 in Slovakia,
inflation slowed to an estimated 8.7% and the estimated fall in GDP was a
more moderate 7%. In 1993 the government anticipates up to a 7% drop in GDP,
with the disruptions from the separation from the Czech lands probably
accounting for half the decline; inflation, according to government
projections, may rise to 15-20% and unemployment may reach 12-15%. The
Slovak government is moving ahead less enthusiastically than the Czech
government in the further dismantling of the old centrally controlled
economic system. Although the governments of Slovakia and the Czech Republic
had envisaged retaining the koruna as a common currency at least in the
short run, the two countries ended the currency union in February 1993.
National product:
GDP - purchasing power equivalent - $32.1 billion (1992 est.)
National product real growth rate:
-7% (1992 est.)
National product per capita:
$6,100 (1992 est.)
Inflation rate (consumer prices):
8.7% (1992 est.)
Unemployment rate:
11.3% (1992 est.)
Budget: revenues $NA; expenditures $NA, including capital expenditures of $NA
Exports:
$3.6 billion (f.o.b., 1992)
commodities:
machinery and transport equipment; chemicals; fuels, minerals, and metals;
agricultural products
partners:
Czech Republic, CIS republics, Germany, Poland, Austria, Hungary, Italy,
France, US, UK
Imports:
$3.6 billion (f.o.b., 1992)
commodities:
machinery and transport equipment; fuels and lubricants; manufactured goods;
raw materials; chemicals; agricultural products
partners:
Czech Republic, CIS republics, Germany, Austria, Poland, Switzerland,
Hungary, UK, Italy
External debt:
$1.9 billion hard currency indebtedness (December 1992)
Industrial production:
growth rate NA%
Electricity:
6,800,000 kW capacity; 24,000 million kWh produced, 4,550 kWh per capita
(1992)

*Slovakia, Economy

Industries:
brown coal mining, chemicals, metal-working, consumer appliances,
fertilizer, plastics, armaments
Agriculture:
largely self-sufficient in food production; diversified crop and livestock
production, including grains, potatoes, sugar beets, hops, fruit, hogs,
cattle, and poultry; exporter of forest products
Illicit drugs:
the former Czechoslavakia was a transshipment point for Southwest Asian
heroin and was emerging as a transshipment po