Deep recession ahead but macroeconomic fundamentals to remain sound

A2

MEDIUM RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP
USD105,4bn (World ranking 61, World Bank 2019)
Population
5,45mn (World ranking 116, World Bank 2019)
Form of state Parliamentory Democracy
Head of government Igor MATOVIC (Prime Minister)
Next elections 2024, presidential and legislative
  • Low systemic political risk
  • Good regional and international relations; EU membership
  • Eurozone membership providing for low transfer and convertibility risk
  • Solid banking sector
  • Strong business environment overall; very attractive for foreign investors
  • Small domestic market
  • High dependence of the economy on the automobile sector and on exports
  • Relatively high external debt level

Trade structure by destination/origin

(% of total)

Exports Rank Imports
Germany 20%
1
18% Germany
Czech Republic 13%
2
17% Czech Republic
Poland 9%
3
8% China
Hungary 7%
4
6% Poland
France 6%
5
6% Hungary

Trade structure by product

(% of total)

Exports Rank Imports
Road vehicles 28%
1
15% Road vehicles
Telecommunication and sound recording apparatus 14%
2
11% Telecommunication and sound recording apparatus
Electrical machinery, apparatus and appliances, n.e.s. 7%
3
8% Electrical machinery, apparatus and appliances, n.e.s.
Other industrial machinery and parts 6%
4
5% Other industrial machinery and parts
Iron and steel 4%
5
4% Manufactures of metal, n.e.s.
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