household debts in Slovakia

Gross debt in Slovakia

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Slovakia in the period from 1998 to 2021 was between 7.0 billion and 72.5 billion USD. The highest level of the last years at 72 billion US Dollar was reached in 2021. The budget deficit in the same year was 7.1 billion USD.

Based on the number of inhabitants, this is a debt of 13,301 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,695 USD.

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Gross debt of the last 23 years in billion USD

YearSlovakia totalSlovakia per capitaEU per capita
19987.00 bn USD1,298 USD14,079 USD
199910.18 bn USD1,886 USD14,032 USD
200010.12 bn USD1,877 USD11,232 USD
200111.08 bn USD2,060 USD11,255 USD
200211.61 bn USD2,159 USD12,258 USD
200314.85 bn USD2,763 USD15,286 USD
200418.63 bn USD3,468 USD17,595 USD
200517.35 bn USD3,229 USD18,327 USD
200619.46 bn USD3,621 USD18,877 USD
200723.56 bn USD4,384 USD20,898 USD
200828.85 bn USD5,363 USD24,086 USD
200932.51 bn USD6,035 USD25,361 USD
201037.03 bn USD6,867 USD26,496 USD
201143.12 bn USD7,988 USD29,231 USD
201248.95 bn USD9,052 USD28,174 USD
201354.11 bn USD9,995 USD29,981 USD
201454.26 bn USD10,014 USD30,648 USD
201545.95 bn USD8,472 USD25,918 USD
201647.02 bn USD8,658 USD26,261 USD
201749.22 bn USD9,050 USD27,024 USD
201852.42 bn USD9,624 USD28,448 USD
201950.69 bn USD9,293 USD27,168 USD
202062.83 bn USD11,511 USD30,783 USD
202172.45 bn USD13,301 USD33,695 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Slovakia       European Union

Budget deficit in Slovakia

household debts in SlovakiaThe budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurance, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money than at at the beginning, it is a surplus. If it is less, it is called a deficit.

The budget deficit in Slovakia in the period between 1998 and 2021 varied between 926.00 million euros and 7.29 billion euros. In 2021, Slovakia reached a balance of -7.06 billion euros.

In ratio to population, this equals a new indebtedness of 1,297 euros per capita in Slovakia in 2021. For comparison, the average debt per capita in the European Union in the same year was 1,787 euros.

Budget deficit of the past 23 years

YearSlovakia totalSlovakia per capitaEU per capita
1998-1,182.30 M USD-219 USD-398 USD
1999-1,518.66 M USD-281 USD-204 USD
2000-2,497.78 M USD-464 USD112 USD
2001-1,374.21 M USD-255 USD-299 USD
2002-2,017.91 M USD-375 USD-565 USD
2003-926.00 M USD-172 USD-840 USD
2004-996.49 M USD-185 USD-920 USD
2005-1,411.43 M USD-263 USD-822 USD
2006-2,053.41 M USD-382 USD-568 USD
2007-1,502.07 M USD-279 USD-360 USD
2008-2,453.15 M USD-456 USD-1,085 USD
2009-7,285.60 M USD-1,353 USD-2,021 USD
2010-6,812.37 M USD-1,264 USD-1,970 USD
2011-4,300.31 M USD-797 USD-1,462 USD
2012-4,117.91 M USD-762 USD-1,220 USD
2013-2,847.18 M USD-526 USD-1,027 USD
2014-3,148.68 M USD-581 USD-852 USD
2015-2,369.23 M USD-437 USD-577 USD
2016-2,315.75 M USD-426 USD-423 USD
2017-937.09 M USD-172 USD-263 USD
2018-1,068.81 M USD-196 USD-139 USD
2019-1,364.45 M USD-250 USD-197 USD
2020-5,751.09 M USD-1,054 USD-2,312 USD
2021-7,064.39 M USD-1,297 USD-1,787 USD

(negative numbers = deficit)
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