VUB's Market Share and Financial Services
90.0%
80.0%
70.0%
60.0%
50.0%
40.0%
30.0%
20.0%
10.0%
0.0%
Cyprus
UK
Ireland
Greece
Malta
Source: Eurostat, Slovak Stats Office
Italy
ECONOMY IS EXPORT-ORIENTED, CLOSELY
LINKED TO GERMANY
→ Slovakia is one of the most opened economies in Europe. Exports and imports relative to GDP amount
to 189% (as of 2017), the highest level among the CE-4 countries
→ 86% (as of 2017) of Slovak exports go to the EU, the highest share among EU members
→ Germany is Slovakia's most important trading partner. It directly buys 21% of Slovak exports and
probably a similar share indirectly (being a key importer of Slovakia's next key trading partners)
Share of export to EU in total exports
(% share, as of 2017)
Lithuania
Germany
France
Sweden
Finland
Denmark
Croatia
Spain
Bulgaria
Latvia
Austria
Estonia
Belgium
Portugal
Netherl.
Slovenia
Romania
Poland
Hungary
Czech Rep.
Luxemb.
Slovakia
85.7%
Structure of Slovak exports by countries
(% share, as of 2017)
Asia
4.6%
UK
6.0%
Other
25.4%
PL
HU
7.6%
6.0%
FR
AT
IT
6.3%
6.0%
6.0%
7
DE
20.6%
CR
11.5%View entire presentation