The Atradius Payment Practices Barometer for September 2019 reports that Slovakia has a strong economy driven by private consumption and export growth. Real GDP growth is forecast to remain strong at 3.3% this year and slow to 3.2% in 2020. The positive outlook is supported by the synergy between robust private consumption and significant growth in exports. However, Slovakia remains vulnerable to a downturn in the Eurozone, the main destination of its industrial exports. The survey results indicate that 80% of B2B sales in Slovakia are made on credit. The top 5 export partners for Slovakia are vehicles, electrical machinery, equipment, machinery including computers, and iron, steel. The survey sample included companies active in both domestic and foreign markets.
