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Economy of Slovakia vs Uruguay compared: GDP & Debt

Updated on by Georank

Slovakia has a GDP of $155B compared to $85.3B for Uruguay, ranking 60/197 and 84/197 by economy size, respectively.

Slovakia has $95.3B in government debt (61.6% of GDP), compared to $56B (65.7% of GDP) in Uruguay.

Slovakia vs Uruguay GDP by year

Slovakia
Uruguay
1x
Year GDP, current $
Slovakia Uruguay
2025 $154,530,066,507 $85,347,696,278
2024 $140,934,076,532 $82,322,859,144
2023 $133,578,518,424 $79,208,725,900
2022 $115,792,972,358 $71,240,669,088
2021 $120,511,265,913 $60,739,061,281
2020 $107,732,602,896 $53,559,354,501
2019 $105,843,498,304 $62,222,324,965
2018 $106,611,673,365 $65,344,577,416
2017 $95,978,130,735 $65,006,039,810
2016 $90,347,173,229 $57,480,787,465
2015 $89,178,548,717 $57,680,327,999
2014 $101,713,075,599 $61,496,186,974
2013 $99,134,277,850 $61,337,621,934
2012 $94,724,394,278 $54,232,266,359
2011 $99,705,104,723 $50,342,406,067
2010 $91,112,160,801 $41,950,361,212
2009 $89,342,984,698 $32,708,319,078
2008 $96,685,492,864 $31,119,602,539
2007 $77,019,443,089 $23,797,773,024
2006 $57,111,148,619 $19,741,420,740
2005 $48,823,790,951 $17,362,857,684
2004 $42,960,730,480 $13,686,329,890
2003 $33,761,723,946 $12,045,638,352
2002 $24,768,142,566 $13,606,515,723
2001 $21,377,597,035 $20,898,761,742
2000 $20,626,538,612 $22,823,270,892
1999 $20,813,421,086 $23,983,945,191
1998 $22,911,708,405 $25,385,886,978
1997 $22,026,728,498 $23,969,739,234
1996 $21,864,845,214 $20,515,458,114
1995 $20,306,095,054 $19,297,663,097
1994 $16,187,735,322 $17,474,588,896
1993 $13,991,963,247 $15,002,136,971
1992 $12,932,972,789 $12,878,148,791
1991 $11,952,983,608 $11,206,176,651
1990 $17,068,924,602 $9,298,807,850
1989 - $8,438,951,476
1988 - $8,213,538,369
1987 - $7,367,494,080
1986 - $5,880,112,788
1985 - $4,732,017,873
1984 - $4,850,238,550
1983 - $5,102,276,308
1982 - $9,178,780,077
1981 - $11,048,301,421
1980 - $10,163,020,116
1979 - $7,181,182,224
1978 - $4,910,254,566
1977 - $4,114,670,014
1976 - $3,667,161,241
1975 - $3,538,278,047
1974 - $4,090,209,682
1973 - $3,964,296,443
1972 - $2,189,418,689
1971 - $2,807,258,065
1970 - $2,137,096,774
1969 - $2,004,435,484
1968 - $1,593,674,185
1967 - $1,597,713,469
1966 - $1,809,185,094
1965 - $1,890,767,156
1964 - $1,975,701,816
1963 - $1,539,681,491
1962 - $1,710,004,407
1961 - $1,547,388,781
1960 - $1,242,289,239

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

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

GDP per capita in Slovakia vs Uruguay by year

Slovakia
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Slovakia Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $28,544 - $25,216 -
2024 $25,993 $48,132 $24,308 $36,418
2023 $24,615 $45,974 $23,379 $34,471
2022 $21,318 $41,562 $21,009 $33,001
2021 $22,123 $38,346 $17,882 $29,432
2020 $19,735 $35,328 $15,758 $25,725
2019 $19,406 $33,986 $18,316 $25,783
2018 $19,573 $31,510 $19,250 $24,386
2017 $17,646 $30,246 $19,185 $23,607
2016 $16,636 $29,868 $17,010 $22,841
2015 $16,442 $30,148 $17,126 $22,169
2014 $18,771 $29,108 $18,322 $21,868
2013 $18,313 $28,075 $18,335 $20,661
2012 $17,517 $27,023 $16,260 $19,495
2011 $18,469 $26,202 $15,132 $19,135
2010 $16,899 $25,382 $12,641 $17,873
2009 $16,587 $23,077 $9,881 $16,422
2008 $17,974 $23,714 $9,424 $15,694
2007 $14,330 $21,232 $7,222 $14,397
2006 $10,629 $18,906 $6,001 $13,179
2005 $9,087 $16,570 $5,284 $12,296
2004 $7,997 $15,166 $4,169 $11,103
2003 $6,283 $14,088 $3,671 $10,303
2002 $4,606 $13,292 $4,150 $10,030
2001 $3,974 $12,367 $6,383 $10,719
2000 $3,828 $11,370 $6,988 $10,929
1999 $3,857 $10,726 $7,371 $10,938
1998 $4,250 $10,666 $7,837 $11,002
1997 $4,092 $10,137 $7,436 $10,461
1996 $4,069 $9,500 $6,398 $9,524
1995 $3,787 $8,812 $6,050 $8,906
1994 $3,028 $8,178 $5,508 $8,897
1993 $2,627 $7,569 $4,753 $8,162
1992 $2,438 $7,270 $4,102 $7,808
1991 $2,254 $7,623 $3,589 $7,112
1990 $3,221 $8,638 $2,995 $6,683
1989 - - $2,734 -
1988 - - $2,677 -
1987 - - $2,416 -
1986 - - $1,939 -
1985 - - $1,568 -
1984 - - $1,615 -
1983 - - $1,707 -
1982 - - $3,085 -
1981 - - $3,728 -
1980 - - $3,443 -
1979 - - $2,443 -
1978 - - $1,678 -
1977 - - $1,414 -
1976 - - $1,268 -
1975 - - $1,232 -
1974 - - $1,433 -
1973 - - $1,397 -
1972 - - $776 -
1971 - - $1,000 -
1970 - - $766 -
1969 - - $723 -
1968 - - $579 -
1967 - - $585 -
1966 - - $668 -
1965 - - $705 -
1964 - - $745 -
1963 - - $587 -
1962 - - $659 -
1961 - - $604 -
1960 - - $491 -

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

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

Slovakia's GDP per capita is $28,544, ranking 46/197, compared to $25,216 in Uruguay, ranking 54/197. Adjusted for purchasing power (GDP per capita PPP), Slovakia ranks 49th at $48,132, while Uruguay ranks 61st at $36,418.

Economic indicators

Slovakia Uruguay
Gross domestic product
$155B
2025
$85.3B
2025
GDP rank
60/197
2025
84/197
2025
GDP growth
0.81%
2024-2025
1.78%
2024-2025
GDP per capita
$28,544
2025
$25,216
2025
GDP per capita rank
46/197
2025
54/197
2025
GDP per capita, PPP
$48,132
2024
$36,418
2024
GDP per capita PPP rank
49/197
2024
61/197
2024
Government debt
$95.3B
2025
$56B
2025
Debt-to-GDP ratio
61.6%
2025
65.7%
2025
Government debt per person
$17,597
2025
$16,559
2025
Government debt per person rank
36/185
2025
41/185
2025
Average annual personal income after taxes
$17,518
2026
$14,046
2026
Market capitalization of domestic companies
$5.38B
2014
$284M
1996
Number of billionaires
2
2026
n/a
Income share by richest 10%
18.8%
2023
30%
2024
Income share by poorest 10%
3.3%
2023
2.2%
2024
Government expenditure, % of GDP
48.7%
2025
31.5%
2025
Consumer prices inflation
4%
2024-2025
4.65%
2024-2025
Central bank interest rate n/a
5.75%
2026
Unemployment rate
5.4%
2025
8.21%
2024
Population
5376239
3382672

Spending and national debt comparison by year

Slovakia
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Slovakia Uruguay
Government spending Government debt Government spending Government debt
2025 48.7% 61.6% 31.5% 65.7%
2024 47.5% 59.7% 30.6% 67.6%
2023 48.2% 55.8% 30.1% 63%
2022 43.1% 57.8% 29.7% 59.4%
2021 44.8% 60.2% 30.2% 64.1%
2020 44.5% 58.4% 32.8% 68.2%
2019 40.6% 48% 30.6% 59.6%
2018 39.7% 49.3% 30.3% 57.9%
2017 39.8% 51.4% 29.7% 55.8%
2016 40.9% 52.1% 29.7% 56.4%
2015 44.1% 51.6% 28.4% 57.8%
2014 42% 53.4% 29.1% 51.1%
2013 41.1% 54.6% 28.8% 50%
2012 40% 51.7% 27.7% 49.8%
2011 40.8% 43.3% 26.3% 41.3%
2010 41% 40.7% 27.4% 40.9%
2009 43.2% 36.4% 27.2% 46.2%
2008 36.5% 28.6% 26.3% 46.2%
2007 35.9% 30.4% 26.8% 52.8%
2006 38.2% 31.5% 26.8% 61.1%
2005 39.1% 35% 26.3% 66.2%
2004 38.4% 42% 26.6% 73.7%
2003 40% 43.6% 27.7% 91.9%
2002 46% 45.6% 27.6% 90.1%
2001 46.2% 51.4% 27.8% 39.4%
2000 53.2% 50.6% 26.6% 30.5%
1999 48.4% 47.1% 27.2% 24.1%
1998 46.2% 33.9% 27.3% 19.4%
1997 48.6% 32.8% 27.6% 18.8%
1996 52.8% 30.3% 26.5% 18.3%
1995 47.8% 21.3% 26.2% 18.5%
1994 - - 29.5% 19.3%
1993 - - 27.7% 20%
1992 - - 23.6% 22.2%
1991 - - 22.2% 20.4%
1990 - - 21.1% 26.2%
1989 - - 37% -
1988 - - 26% 34.8%
1987 - - 24.4% 37.3%
1986 - - 25.1% 34.6%
1985 - - 24.6% 29%
1984 - - 25.6% 39.5%
1983 - - 26.5% 21.2%
1982 - - 29.5% 13.5%
1981 - - 25% 4.32%
1980 - - 21.8% 4.59%
1979 - - 20.2% 3.98%
1978 - - 22.9% 5.64%
1977 - - 23.5% 7.26%
1976 - - 24.2% 8.67%
1975 - - 23% 8.13%
1974 - - 23.8% 7.61%
1973 - - 22.6% 7%
1972 - - 24.6% 9.12%
1971 - - 20.1% 9.3%
1970 - - 15.1% 6.11%
1969 - - 14.6% -
1968 - - 14.1% -
1967 - - 14.7% -
1966 - - 14.1% -
1965 - - 15.6% -
1964 - - 14.3% -
1963 - - 14.6% -
1962 - - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-07-08).

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

In 2025, Slovakia's government spending was $75.3B, accounting for 48.7% of its GDP, while Uruguay spent $26.9B, or 31.5% of GDP.

Debt-to-GDP ratio is 61.6% in Slovakia and 65.7% in Uruguay, ranking 74/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Slovakia

Uruguay
1x
Year Deficit/surplus, % of GDP
Slovakia Uruguay
2025 -5.02% -3.36%
2024 -5.5% -3.16%
2023 -5.3% -3.09%
2022 -1.56% -2.5%
2021 -5.09% -2.61%
2020 -5.3% -4.64%
2019 -1.21% -2.71%
2018 -1.01% -1.89%
2017 -0.98% -2.51%
2016 -2.59% -2.68%
2015 -2.78% -1.86%
2014 -3.25% -2.6%
2013 -2.86% -1.72%
2012 -4.37% -2.17%
2011 -4.36% -0.33%
2010 -7.44% -0.39%
2009 -8.18% -1.39%
2008 -2.54% -1.31%
2007 -2.26% -0.16%
2006 -3.57% -0.64%
2005 -2.86% -0.28%
2004 -2.36% -0.87%
2003 -2.28% -2.19%
2002 -8.35% -3.19%
2001 -7.74% -2.85%
2000 -12.7% -2.76%
1999 -7.25% -2.76%
1998 -5.37% -0.76%
1997 -6.24% -0.97%
1996 -9.72% -1.32%
1995 -3.43% -1.08%
1994 - -2.37%
1993 - -0.47%
1992 - 0.6%
1991 - 0.88%
1990 - 0.49%
1989 - -13.1%
1988 - -1.47%
1987 - -0.66%
1986 - -0.34%
1985 - -1.88%
1984 - -4.94%
1983 - -3.54%
1982 - -8.22%
1981 - -1.15%
1980 - 0.43%
1979 - 0.99%
1978 - -0.47%
1977 - -0.69%
1976 - -2.01%
1975 - -4.38%
1974 - -3.74%
1973 - -1.09%
1972 - -2.25%
1971 - -5.86%
1970 - -1.33%
1969 - -2.37%
1968 - -2.93%
1967 - -4.12%
1966 - -2.01%
1965 - -5.14%
1964 - -3.61%
1963 - -4.4%
1962 - -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-07-08).

GeoRank.org/economy/slovakia/uruguay | 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 Uruguay's deficit of $2.86B, or 3.36% of GDP.

Over the past 31 years, Slovakia recorded a fiscal deficit in 31 of those years, while Uruguay ran a deficit in 31 years. On average, Slovakia posted an annual deficit equal to 4.63% of GDP, compared to deficit of 1.96% of GDP for Uruguay.

Inflation comparison by year

Inflation
Slovakia

Uruguay
1x
Year Consumer prices inflation
Slovakia Uruguay
2025 4% 4.65%
2024 2.76% 4.85%
2023 10.5% 5.87%
2022 12.8% 9.1%
2021 3.15% 7.75%
2020 1.94% 9.76%
2019 2.66% 7.88%
2018 2.51% 7.61%
2017 1.31% 6.22%
2016 -0.52% 9.64%
2015 -0.33% 8.67%
2014 -0.08% 8.88%
2013 1.4% 8.58%
2012 3.61% 8.1%
2011 3.92% 8.09%
2010 0.96% 6.7%
2009 1.62% 7.06%
2008 4.6% 7.88%
2007 2.76% 8.11%
2006 4.48% 6.4%
2005 2.71% 4.7%
2004 7.55% 9.16%
2003 8.55% 19.4%
2002 3.13% 14%
2001 7.33% 4.36%
2000 12% 4.76%
1999 10.6% 5.66%
1998 6.67% 10.8%
1997 6.14% 19.8%

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

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

Over the past 29 years, Slovakia has recorded an average annual inflation rate of 4.44%, compared with 8.43% in Uruguay. In 2025, inflation was 4% in Slovakia and 4.65% in Uruguay.

Top exports between countries

Slovakia
Export category Export value
Machinery & equipment $4.12M
Precious metals & jewellery $1.52M
Textiles & consumer goods $341K
Wood & paper products $139K
Raw materials & minerals $109K
Metals $33K
Chemicals & pharma $18K
Weapons & explosives $5K
Miscellaneous $1K
Uruguay
Export category Export value
Animal & marine products $371K
Textiles & consumer goods $94K
Processed food, beverages & tobacco $91K
Machinery & equipment $2K

Balance of trade

Slovakia Uruguay
Current account balance
-$5.6B
2025
-$374M
2025
Current account balance ranking
165/190
2025
100/190
2025
Current account balance, % of GDP
-3.63%
2025
-0.44%
2025
Goods imports
$117B
2025
$13.6B
2025
Goods exports
$117B
2025
$16.1B
2025
Service imports
$14.3B
2025
$5.96B
2025
Service exports
$14.7B
2025
$7.39B
2025
Imports of goods and services, % of GDP
85.2%
2025
22.6%
2025
Exports of goods and services, % of GDP
85.1%
2025
27.1%
2025

Economic freedom indices

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

Slovakia Uruguay
Economic freedom 67.7 69.8
Economic freedom ranking 54/197 39/197
Property rights 82.6 87.4
Government integrity 57.2 79
Judicial effectiveness 70.5 80.9
Tax burden 75.4 73.3
Government spending 36.4 72
Fiscal health 69.6 76.6
Business freedom 71.1 83.8
Labor freedom 55.1 61.7
Monetary freedom 69.7 70.2
Trade freedom 79.4 73.2
Investment freedom 75 50
Financial freedom 70 30

Economic freedom comparison by year

Slovakia
Uruguay
1x
Year Economic freedom index
Slovakia Uruguay
2026 67.7 69.8
2025 68.4 70.2
2024 68.1 69.8
2023 69 70.2
2022 69.7 70
2021 66.3 69.3
2020 66.8 69.1
2019 65 68.6
2018 65.3 69.2
2017 65.7 69.7
2016 66.6 68.8
2015 67.2 68.6
2014 66.4 69.3
2013 68.7 69.7
2012 67 69.9
2011 69.5 70
2010 69.7 69.8
2009 69.4 69.1
2008 70 67.9
2007 69.6 68.4
2006 69.8 65.3
2005 66.8 66.9
2004 64.6 66.7
2003 59 69.8
2002 59.8 68.7
2001 58.5 70.7
2000 53.8 69.3
1999 54.2 68.5
1998 57.5 68.6
1997 55.5 67.5
1996 57.6 63.7
1995 60.4 62.5

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

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

The Economic Freedom Index for Slovakia is 67.7, ranking 54/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Slovakia Uruguay
Services, % of GDP
59.8%
2025
65.2%
2025
Industry, % of GDP
28.1%
2025
16.9%
2025
Agriculture, forestry, and fishing, % of GDP
1.59%
2025
6.38%
2025
GNI, Atlas method
$143B
2025
$81.3B
2025
GNI per capita, PPP
$47,920
2025
$36,330
2025
Total reserves including gold
$18.2B
2025
$19B
2025
Total reserves ranking
69/177
2025
67/177
2025
Net foreign direct investment
-$198M
2025
-$457M
2025
Net inflows of foreign direct investment
$5.01B
2024
-$3.94B
2024
Net outflows of foreign direct investment
$2.24B
2024
-$1.37B
2024
Poverty at national poverty lines
13.7%
2021
17.3%
2024
Gross capital formation, % of GDP
20.1%
2025
16.2%
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/uruguay | 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 (1955–1998, 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 (2021–2025, 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.

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.