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Economy and Banking Sector of Slovakia

Central Europe
EU Status
member since 2004

Located in Central Europe, Slovakia is a member of the European Union since 2004 and of the Economic Monetary Union since 2009.


EUR (Euro)
Population  (2019)
5,450,421  (0.00%)
Nominal GDP (2019)
94.2 bln EUR  (+0.04%)
Credit Ratings (as of Nov 2020)

Slovakia is a high-income, developed economy with a high standard of living. Slovakia successfully transformed from a centrally planned economy to a market-driven economy.


Withholding tax rates in Slovakia are 0.0-19.0 %. Slovakia signed 64 double taxation agreements.
Slovakia didn't sign the automatic information exchange agreement and didn't indicate a timeline of the start of the automatic information exchange.
Slovakia has FATCA agreement with the U.S. in effect since 31 July 2015 (Intergovernmental Agreement Model 1).

Banking Sector

Number of Banks
Consolidated Banking Assets (2019)
86,289.67 mln EUR  (+5.58%)
Deposit Guarantee
100,000 EUR

The banking sector of Slovakia is highly concentrated and is dominated by foreign-controlled banks. Banks in Slovakia operate as universal banks.

Major Banks

See Also