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Economy of Slovakia vs Thailand compared: GDP & Debt

Updated on by Georank

Slovakia has a GDP of $155B compared to $577B for Thailand, ranking 60/197 and 30/197 by economy size, respectively.

Slovakia has $95.3B in government debt (61.6% of GDP), compared to $373B (64.7% of GDP) in Thailand.

Slovakia vs Thailand GDP by year

Slovakia
Thailand
1x
Year GDP, current $
Slovakia Thailand
2025 $154,530,066,507 $577,009,981,112
2024 $140,934,076,532 $529,385,520,942
2023 $133,578,518,424 $517,013,369,475
2022 $115,792,972,358 $495,691,837,308
2021 $120,511,265,913 $506,049,783,825
2020 $107,732,602,896 $500,274,927,779
2019 $105,843,498,304 $543,976,691,794
2018 $106,611,673,365 $506,754,208,404
2017 $95,978,130,735 $456,356,813,537
2016 $90,347,173,229 $413,366,349,748
2015 $89,178,548,717 $401,296,238,228
2014 $101,713,075,599 $407,339,040,198
2013 $99,134,277,850 $420,333,654,593
2012 $94,724,394,278 $397,558,325,279
2011 $99,705,104,723 $370,818,739,624
2010 $91,112,160,801 $341,104,766,329
2009 $89,342,984,698 $281,710,630,187
2008 $96,685,492,864 $291,382,982,431
2007 $77,019,443,089 $262,942,621,455
2006 $57,111,148,619 $221,758,296,022
2005 $48,823,790,951 $189,318,408,469
2004 $42,960,730,480 $172,895,685,155
2003 $33,761,723,946 $152,280,615,246
2002 $24,768,142,566 $134,300,904,400
2001 $21,377,597,035 $120,296,476,180
2000 $20,626,538,612 $126,392,224,254
1999 $20,813,421,086 $126,669,211,779
1998 $22,911,708,405 $113,675,596,788
1997 $22,026,728,498 $150,180,456,566
1996 $21,864,845,214 $183,035,237,429
1995 $20,306,095,054 $169,278,916,593
1994 $16,187,735,322 $146,683,778,959
1993 $13,991,963,247 $128,889,262,951
1992 $12,932,972,789 $111,452,746,518
1991 $11,952,983,608 $98,234,714,971
1990 $17,068,924,602 $85,343,190,719
1989 - $72,250,748,100
1988 - $61,667,253,471
1987 - $50,535,446,555
1986 - $43,096,773,981
1985 - $38,900,711,333
1984 - $41,797,647,776
1983 - $40,042,798,388
1982 - $36,589,772,404
1981 - $34,846,039,194
1980 - $32,353,514,989
1979 - $27,371,650,825
1978 - $24,006,566,637
1977 - $19,779,312,261
1976 - $16,985,208,648
1975 - $14,882,770,594
1974 - $13,702,998,512
1973 - $10,838,587,358
1972 - $8,177,873,151
1971 - $7,375,000,024
1970 - $7,086,538,438
1969 - $6,695,336,567
1968 - $6,081,009,428
1967 - $5,638,461,442
1966 - $5,279,230,817
1965 - $4,388,937,649
1964 - $3,889,129,942
1963 - $3,540,403,457
1962 - $3,308,912,797
1961 - $3,034,037,811
1960 - $2,760,750,861

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/slovakia/thailand | CC BY

GDP per capita in Slovakia vs Thailand by year

Slovakia
GDP per capita

GDP per capita, PPP
Thailand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Slovakia Thailand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $28,544 - $8,057 -
2024 $25,993 $48,132 $7,387 $24,712
2023 $24,615 $45,974 $7,211 $23,519
2022 $21,318 $41,562 $6,910 $22,243
2021 $22,123 $38,346 $7,055 $20,243
2020 $19,735 $35,328 $6,983 $19,164
2019 $19,406 $33,986 $7,606 $19,963
2018 $19,573 $31,510 $7,100 $18,876
2017 $17,646 $30,246 $6,413 $17,573
2016 $16,636 $29,868 $5,834 $16,671
2015 $16,442 $30,148 $5,689 $15,791
2014 $18,771 $29,108 $5,801 $15,365
2013 $18,313 $28,075 $6,018 $15,216
2012 $17,517 $27,023 $5,726 $14,617
2011 $18,469 $26,202 $5,374 $13,227
2010 $16,899 $25,382 $4,974 $12,932
2009 $16,587 $23,077 $4,135 $11,964
2008 $17,974 $23,714 $4,309 $12,062
2007 $14,330 $21,232 $3,919 $11,723
2006 $10,629 $18,906 $3,331 $10,912
2005 $9,087 $16,570 $2,868 $10,169
2004 $7,997 $15,166 $2,642 $9,545
2003 $6,283 $14,088 $2,348 $8,824
2002 $4,606 $13,292 $2,090 $8,148
2001 $3,974 $12,367 $1,890 $7,632
2000 $3,828 $11,370 $2,006 $7,289
1999 $3,857 $10,726 $2,033 $6,901
1998 $4,250 $10,666 $1,848 $6,590
1997 $4,092 $10,137 $2,473 $7,148
1996 $4,069 $9,500 $3,055 $7,322
1995 $3,787 $8,812 $2,864 $6,901
1994 $3,028 $8,178 $2,518 $6,341
1993 $2,627 $7,569 $2,245 $5,834
1992 $2,438 $7,270 $1,972 $5,347
1991 $2,254 $7,623 $1,766 $4,914
1990 $3,221 $8,638 $1,559 $4,451
1989 - - $1,342 -
1988 - - $1,164 -
1987 - - $970 -
1986 - - $842 -
1985 - - $774 -
1984 - - $847 -
1983 - - $827 -
1982 - - $770 -
1981 - - $748 -
1980 - - $709 -
1979 - - $612 -
1978 - - $548 -
1977 - - $462 -
1976 - - $405 -
1975 - - $364 -
1974 - - $343 -
1973 - - $278.3 -
1972 - - $215.6 -
1971 - - $199.7 -
1970 - - $197.1 -
1969 - - $191.4 -
1968 - - $178.8 -
1967 - - $170.7 -
1966 - - $164.5 -
1965 - - $140.9 -
1964 - - $128.6 -
1963 - - $120.7 -
1962 - - $116.2 -
1961 - - $109.7 -
1960 - - $102.8 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/slovakia/thailand | CC BY

Slovakia's GDP per capita is $28,544, ranking 46/197, compared to $8,057 in Thailand, ranking 97/197. Adjusted for purchasing power (GDP per capita PPP), Slovakia ranks 49th at $48,132, while Thailand ranks 85th at $24,712.

Economic indicators

Slovakia Thailand
Gross domestic product
$155B
2025
$577B
2025
GDP rank
60/197
2025
30/197
2025
GDP growth
0.81%
2024-2025
2.44%
2024-2025
GDP per capita
$28,544
2025
$8,057
2025
GDP per capita rank
46/197
2025
97/197
2025
GDP per capita, PPP
$48,132
2024
$24,712
2024
GDP per capita PPP rank
49/197
2024
85/197
2024
Government debt
$95.3B
2025
$373B
2025
Debt-to-GDP ratio
61.6%
2025
64.7%
2025
Government debt per person
$17,597
2025
$5,211
2025
Government debt per person rank
36/185
2025
83/185
2025
Average annual personal income after taxes
$17,518
2026
$7,438
2026
Market capitalization of domestic companies
$5.38B
2014
$512B
2025
Number of millionaires n/a
100,001
2024
Number of billionaires
2
2026
25
2026
Income share by richest 10%
18.8%
2023
26%
2024
Income share by poorest 10%
3.3%
2023
3.4%
2024
Government expenditure, % of GDP
48.7%
2025
23%
2025
Consumer prices inflation
4%
2024-2025
-0.13%
2024-2025
Central bank interest rate n/a
1.5%
2025
Unemployment rate
5.4%
2025
0.6%
2025
Population
5376239
71565981

Spending and national debt comparison by year

Slovakia
Spending

Debt
Thailand
Spending

Debt
1x
Year % of GDP
Slovakia Thailand
Government spending Government debt Government spending Government debt
2025 48.7% 61.6% 23% 64.7%
2024 47.5% 59.7% 22.6% 62.9%
2023 48.2% 55.8% 22.7% 62.2%
2022 43.1% 57.8% 24.7% 60.5%
2021 44.8% 60.2% 26.8% 58.4%
2020 44.5% 58.4% 24.9% 49.4%
2019 40.6% 48% 20.6% 41.1%
2018 39.7% 49.3% 21.2% 41.9%
2017 39.8% 51.4% 21.6% 41.8%
2016 40.9% 52.1% 21.4% 41.7%
2015 44.1% 51.6% 22.3% 42.6%
2014 42% 53.4% 22.2% 43.3%
2013 41.1% 54.6% 21.6% 42.2%
2012 40% 51.7% 22.3% 41.9%
2011 40.8% 43.3% 21.1% 39.1%
2010 41% 40.7% 22% 39.8%
2009 43.2% 36.4% 21.7% 42.4%
2008 36.5% 28.6% 19.2% 34.9%
2007 35.9% 30.4% 20% 36%
2006 38.2% 31.5% 18.7% 39.2%
2005 39.1% 35% 19.6% 45.5%
2004 38.4% 42% 19.3% 46.3%
2003 40% 43.6% 18.3% 47.5%
2002 46% 45.6% 25.7% 54.9%
2001 46.2% 51.4% 20.8% 57.5%
2000 53.2% 50.6% 19.3% 57.8%
1999 48.4% 47.1% 26.5% 56.6%
1998 46.2% 33.9% 23.9% 49.9%
1997 48.6% 32.8% 21.6% 40.5%
1996 52.8% 30.3% 18% 15.2%
1995 47.8% 21.3% 17.2% 5.12%
1994 - - 16% 6.69%
1993 - - 18.8% 9.14%
1992 - - 17.8% 11.4%
1991 - - 17% 14.1%
1990 - - 16.6% 18%
1989 - - 16.5% 23.7%
1988 - - 15.1% 30.3%
1987 - - 17.5% 38.8%
1986 - - 19.5% 40.1%
1985 - - 20.5% 36.8%
1984 - - 19.3% 30.6%
1983 - - 19.5% 28.9%
1982 - - 20.2% 27.1%
1981 - - 19.1% 24.4%
1980 - - 18.7% 22.1%
1979 - - 16.9% 23.7%
1978 - - 16.6% 22.8%
1977 - - 16.1% 22.4%
1976 - - 15.6% 22%
1975 - - 14.2% 15.8%
1974 - - 13.2% 16.3%
1973 - - 15.9% 21.2%
1972 - - 18.5% 26.8%
1971 - - 18.8% 21.5%
1970 - - 17.6% 18.5%
1969 - - 15.9% 17.7%
1968 - - 16% 15.5%
1967 - - 15.5% 15%
1966 - - 14.7% 14.4%
1965 - - 14.7% 14.8%
1964 - - 13.3% 13.3%
1963 - - 12% 12.6%
1962 - - 11.9% 13.4%
1961 - - 9.58% 12.9%
1960 - - 12.1% 14.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-07-08).

GeoRank.org/economy/slovakia/thailand | CC BY

In 2025, Slovakia's government spending was $75.3B, accounting for 48.7% of its GDP, while Thailand spent $133B, or 23% of GDP.

Debt-to-GDP ratio is 61.6% in Slovakia and 64.7% in Thailand, ranking 74/185 and 67/185, respectively.

Government deficit by year

Deficit/surplus
Slovakia

Thailand
1x
Year Deficit/surplus, % of GDP
Slovakia Thailand
2025 -5.02% -1.91%
2024 -5.5% -1.29%
2023 -5.3% -1.91%
2022 -1.56% -4.61%
2021 -5.09% -6.72%
2020 -5.3% -4.47%
2019 -1.21% 0.43%
2018 -1.01% 0.2%
2017 -0.98% -0.51%
2016 -2.59% 0.41%
2015 -2.78% 0.19%
2014 -3.25% -0.7%
2013 -2.86% 0.6%
2012 -4.37% -0.86%
2011 -4.36% 0.09%
2010 -7.44% -1.07%
2009 -8.18% -2.21%
2008 -2.54% 0.8%
2007 -2.26% 0.22%
2006 -3.57% 1.87%
2005 -2.86% 2.17%
2004 -2.36% 1.11%
2003 -2.28% 1.98%
2002 -8.35% -6.72%
2001 -7.74% -1.77%
2000 -12.7% -1.79%
1999 -7.25% -9.02%
1998 -5.37% -6.29%
1997 -6.24% -1.68%
1996 -9.72% 2.75%
1995 -3.43% 3.05%
1994 - 2.78%
1993 - 6.67%
1992 - -0.18%
1991 - 1.6%
1990 - 1.41%
1989 - 0.16%
1988 - 0.58%
1987 - -2.38%
1986 - -4.32%
1985 - -5.11%
1984 - -3.85%
1983 - -4.02%
1982 - -6.18%
1981 - -4.07%
1980 - -4.41%
1979 - -3.62%
1978 - -3.31%
1977 - -2.91%
1976 - -3.35%
1975 - -1.73%
1974 - 1.29%
1973 - -2.7%
1972 - -4.81%
1971 - -5.47%
1970 - -3.73%
1969 - -2.53%
1968 - -2.79%
1967 - -2.1%
1966 - -1.13%
1965 - -1.05%
1964 - -1.01%
1963 - -0.81%
1962 - -0.27%
1961 - 0.05%
1960 - 0.48%
1959 - -1.15%
1958 - -0.91%
1957 - -1.31%
1956 - -1.38%
1955 - -1.65%
1954 - -3.46%
1953 - -3.56%
1952 - -2.4%
1951 - -3.54%
1950 - -0.7%
1949 - 0.7%
1948 - -0.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-07-08).

GeoRank.org/economy/slovakia/thailand | CC BY

In 2025, Slovakia's government deficit, the difference between spending and revenue, was $7.75B, equivalent to 5.02% of GDP. This compares to Thailand's deficit of $11B, or 1.91% of GDP.

Over the past 31 years, Slovakia recorded a fiscal deficit in 31 of those years, while Thailand ran a deficit in 17 years. On average, Slovakia posted an annual deficit equal to 4.63% of GDP, compared to deficit of 1.21% of GDP for Thailand.

Inflation comparison by year

Inflation
Slovakia

Thailand
1x
Year Consumer prices inflation
Slovakia Thailand
2025 4% -0.13%
2024 2.76% 0.4%
2023 10.5% 1.23%
2022 12.8% 6.08%
2021 3.15% 1.23%
2020 1.94% -0.85%
2019 2.66% 0.71%
2018 2.51% 1.07%
2017 1.31% 0.66%
2016 -0.52% 0.19%
2015 -0.33% -0.9%
2014 -0.08% 1.89%
2013 1.4% 2.19%
2012 3.61% 3.01%
2011 3.92% 3.81%
2010 0.96% 3.25%
2009 1.62% -0.85%
2008 4.6% 5.47%
2007 2.76% 2.24%
2006 4.48% 4.64%
2005 2.71% 4.54%
2004 7.55% 2.76%
2003 8.55% 1.8%
2002 3.13% 0.7%
2001 7.33% 1.63%
2000 12% 1.59%
1999 10.6% 0.28%
1998 6.67% 7.99%
1997 6.14% 5.63%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/slovakia/thailand | CC BY

Over the past 29 years, Slovakia has recorded an average annual inflation rate of 4.44%, compared with 2.15% in Thailand. In 2025, inflation was 4% in Slovakia and -0.13% in Thailand.

Top exports between countries

Slovakia
Export category Export value
Machinery & equipment $31.4M
Transport & tourism services $2.92M
Chemicals & pharma $2.81M
Textiles & consumer goods $2.72M
Weapons & explosives $2.7M
Processed food, beverages & tobacco $2.66M
Raw materials & minerals $1.46M
Metals $943K
IT & IP services $541K
Animal & marine products $223K
Thailand
Export category Export value
Machinery & equipment $226M
Raw materials & minerals $11.6M
Metals $8.9M
Processed food, beverages & tobacco $8.71M
Textiles & consumer goods $6.99M
Chemicals & pharma $2.58M
Precious metals & jewellery $1.03M
Raw agricultural goods $173K
Animal & marine products $58K
Wood & paper products $16K

Balance of trade

Slovakia Thailand
Current account balance
-$5.6B
2025
$15.9B
2025
Current account balance ranking
165/190
2025
20/190
2025
Current account balance, % of GDP
-3.63%
2025
+2.76%
2025
Goods imports
$117B
2025
$312B
2025
Goods exports
$117B
2025
$335B
2025
Service imports
$14.3B
2025
$77.2B
2025
Service exports
$14.7B
2025
$76.2B
2025
Imports of goods and services, % of GDP
85.2%
2025
67.3%
2025
Exports of goods and services, % of GDP
85.1%
2025
71.1%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Slovakia Thailand
Economic freedom 67.7 62.2
Economic freedom ranking 54/197 88/197
Property rights 82.6 41.8
Government integrity 57.2 38.9
Judicial effectiveness 70.5 35
Tax burden 75.4 80.8
Government spending 36.4 83.6
Fiscal health 69.6 81
Business freedom 71.1 69.9
Labor freedom 55.1 56.4
Monetary freedom 69.7 73.3
Trade freedom 79.4 70.2
Investment freedom 75 55
Financial freedom 70 60

Economic freedom comparison by year

Slovakia
Thailand
1x
Year Economic freedom index
Slovakia Thailand
2026 67.7 62.2
2025 68.4 60.6
2024 68.1 59
2023 69 60.6
2022 69.7 63.2
2021 66.3 69.7
2020 66.8 69.4
2019 65 68.3
2018 65.3 67.1
2017 65.7 66.2
2016 66.6 63.9
2015 67.2 62.4
2014 66.4 63.3
2013 68.7 64.1
2012 67 64.9
2011 69.5 64.7
2010 69.7 64.1
2009 69.4 63
2008 70 62.3
2007 69.6 63.5
2006 69.8 63.3
2005 66.8 62.5
2004 64.6 63.7
2003 59 65.8
2002 59.8 69.1
2001 58.5 68.9
2000 53.8 66.6
1999 54.2 66.9
1998 57.5 67.3
1997 55.5 66.1
1996 57.6 71
1995 60.4 71.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/slovakia/thailand | CC BY

The Economic Freedom Index for Slovakia is 67.7, ranking 54/197, compared to 62.2 for Thailand, ranking 88/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Slovakia Thailand
Services, % of GDP
59.8%
2025
60.2%
2025
Industry, % of GDP
28.1%
2025
31.1%
2025
Agriculture, forestry, and fishing, % of GDP
1.59%
2025
8.75%
2025
GNI, Atlas method
$143B
2025
$551B
2025
GNI per capita, PPP
$47,920
2025
$25,570
2025
Total reserves including gold
$18.2B
2025
$282B
2025
Total reserves ranking
69/177
2025
15/177
2025
Net foreign direct investment
-$198M
2025
-$9.51B
2025
Net inflows of foreign direct investment
$5.01B
2024
$14.3B
2024
Net outflows of foreign direct investment
$2.24B
2024
$7.36B
2024
Servicing debt to the IMF, % of GNI n/a
3.51%
2024
Poverty at national poverty lines
13.7%
2021
5.4%
2022
Gross capital formation, % of GDP
20.1%
2025
22.1%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/slovakia/thailand | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1948–1995, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2023–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.