Georgia vs Slovakia: Economic Indicators Comparison

Slovakia with a GDP of $105.9B ranked the 62nd largest economy in the world, while Georgia ranked 119th with $17.6B. By GDP 5-years average growth and GDP per capita, Slovakia and Georgia ranked 65th vs 54th and 47th vs 111th, respectively.

Gross Domestic Product & Income

StatGeorgiaSlovakia
GDP$17.6B$105.9B
GDP growth, 1 year4.7%4.1%
GDP growth, 5-years average4%3.5%
Population3.7M5.4M
GDP per capita$4.7k$19k
GDP per capita growth4.72%3.89%
Purchasing Power Parity conversion factor10.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.58
GDP per capita, PPP adjusted$11k$35k
GNI, Atlas method$16.6B$99.5B
GNI per capita$4.4k$18k
GNI, PPP adjusted$42.9B$180.1B
GNI per capita, PPP adjusted$12k$33k

Financial system and Human development

StatGeorgiaSlovakia
Income Tax Rate20%25%
Corporate Tax Rate15%21%
Inflation, consumer prices2.6%2.5%
Inflation, GDP deflator4.4%2%
Unemployment14.1%6.8%
Economic Freedom Index77.166.8
Personal Freedom Index7.48.87
Human Freedom Index7.488.29
Property Rights Index68.673.1
Judical Effectiveness Index57.941.7
Business Freedom Index85.355.3
Fiscal Health Index94.492.6
Labor Freedom Index76.352.6
Investment Freedom Index8075
Financial Freedom Index7070
Trade Freedom Index88.686.4
Monetary Freedom Index78.375.9
Government Spending Index73.650.2
Tax Burden Index87.178.5
Government Integrity Index64.849.7
Corruption Perceptions Index5850
Life expectancy at birth, years73.477.2
Suicide mortality rate, per 100,000 people8.212.8
Mortality caused by road traffic injury, per 100,000 people15.36.1
Intentional homicides, per 100,000 people11.5
International tourism, number of arrivals4.8M2.3M

Government debt & reserves

StatGeorgiaSlovakia
Central government debt, % of GDP44.5%48.8%
External debt stocks, % of GNI110.6%N/A
External debt stocks$17.1BN/A
Short-term debt, % of total reserves81.1%N/A
Total debt service, % of exports and primary income23.7%N/A
Adjusted net savings including particulate emission damage, % of GNI12.5%5.6%
Gross savings, % of GDP21%22.1%
Gross capital formation, % of GDP28.1%23.4%
Total reserves including gold$3.3B$5.2B
Foreign direct investment net inflows$1.2B$2.6B

Exports, imports and economic structure

StatGeorgiaSlovakia
Exports of goods and services, % of GDP50.6%96.1%
Imports of goods and services, % of GDP61.2%94.1%
Current account balance (balance of payments)-$1.2B-$2.8B
Revenue excluding grants, % of GDP23%37.7%
Grants excluding technical cooperation, BoP$314.1M$183.9M
Personal remittances received$2B$2.1B
Industry including construction value added, % of GDP19.9%30.1%
Agriculture, forestry and fishing value added, % of GDP6.8%2.4%
Charges for the use of intellectual property, payments BoP$27.1M$749.1M
Charges for the use of intellectual property, receipts BoP$270k$55.5M
Expense, % of GDP21.4%39%
Government Expenditure, % of GDP29.6%40.8%

Compare with countries close by GDP per capita

Georgia vs

CountryGDP
per capita
Population
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M

Slovakia vs

CountryGDP
per capita
Population
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M