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TOPIC: Economy of Slovakia
Economy of Slovakia 8 months 15 hours ago #187503
  • definitepristine
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Slovakia is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developed nation, Slovakia is able to provide its citizens with social services like public education, healthcare, and law enforcement. Citizens of developed nations enjoy a high standard of living and longer life expectancies than citizens of developing nations. Each year, Slovakia exports around $82.7 billion and imports roughly $77.96 billion. 7.5% of population in the country are unemployed. The total number of unemployed people in Slovakia is 408,736. In Slovakia, 12.3% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Slovakia is low, indicating that it has a stable economy. Investors should consider Slovakia to be a safe location for investments and other financial ventures. Government expenditure on education is 3.6% of GDP. The Gini Index of the country is 25.3. Slovakia is experiencing high equality. Differences in income among citizens are only mildly significant. Slovakia has a Human Development Index (HDI) of 0.83. Slovakia has a high HDI score. This indicates that the majority of citizens will be able to attain a desirable life while providing substantial aid and assistance to citizens with lower living standards. The Global Peace Index (GPI) for Slovakia is 1.478. Due to strong law enforcement presence and high social responsibility, Slovakia is very safe by international standards. The strength of legal rights index for Slovakia is 7. Overall, it is considered to be rather adequate - bancrupcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available.
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