Cloudsdeal » Finance of Slovakia

The minimum monthly wage in Slovakia is USD 562. In terms of consumer prices, the inflation rate in Slovakia is 1.7%. The currency of Slovakia is the euro. There are several plural forms of the name "euro". These are euros, euros. The symbol used for this currency is €, abbreviated to EUR. The euro is divided into cents; 1 euro is 100. Every year, consumers spend around 27,238 million US dollars. The ratio of consumer spending to GDP in Slovakia is 0.03% and the ratio of consumer spending to world consumer market is 7.85%. Corporate tax in Slovakia is 22%. Personal income tax ranges from 19% to 25% depending on your specific situation and income level. VAT in Slovakia is 20%.

Gross domestic product
Total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Slovakia is US$153,195 billion. Gross Domestic Product (GDP) per capita calculated as Purchasing Power Parity (PPP) in Slovakia was last seen at $28,110,123. PPP in Slovakia is considered very good compared to other countries. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. Total gross domestic product (GDP) in Slovakia is 97.713 billion. Based on this statistic, Slovakia is considered medium strong. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. Gross domestic product (GDP) per capita in Slovakia was last seen at $17,929,596. The average citizen in Slovakia has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. Highly skilled labor can be found in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual GDP growth rate in Slovakia in 2014 averaged 2.4%. According to this percentage, Slovakia is currently experiencing modest growth. Modest growth countries offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will increase accordingly.