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. On the other hand 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 2020 was between 7.0 billion and 62.8 billion USD. The highest level of the last years at 63 billion US Dollar was reached in 2020. The budget deficit in the same year was 5.8 billion USD.
Based on the number of inhabitants, this is in Slovakia a debt of 11,510 USD per person. For comparison: The average debt per person in the same year in the European Union was 30,780 USD.
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Gross debt of the last 22 years in billion USD
Year | Slovakia total | Slovakia per capita | EU per capita |
---|---|---|---|
1998 | 7.00 bn USD | 1,298 USD | 14,079 USD |
1999 | 10.18 bn USD | 1,886 USD | 14,032 USD |
2000 | 10.12 bn USD | 1,877 USD | 11,232 USD |
2001 | 11.08 bn USD | 2,060 USD | 11,255 USD |
2002 | 11.61 bn USD | 2,159 USD | 12,258 USD |
2003 | 14.85 bn USD | 2,763 USD | 15,286 USD |
2004 | 18.63 bn USD | 3,468 USD | 17,595 USD |
2005 | 17.35 bn USD | 3,229 USD | 18,327 USD |
2006 | 19.46 bn USD | 3,621 USD | 18,877 USD |
2007 | 23.56 bn USD | 4,384 USD | 20,898 USD |
2008 | 28.85 bn USD | 5,363 USD | 24,086 USD |
2009 | 32.51 bn USD | 6,035 USD | 25,361 USD |
2010 | 37.03 bn USD | 6,867 USD | 26,496 USD |
2011 | 43.12 bn USD | 7,988 USD | 29,231 USD |
2012 | 48.95 bn USD | 9,052 USD | 28,064 USD |
2013 | 54.11 bn USD | 9,995 USD | 29,836 USD |
2014 | 54.26 bn USD | 10,014 USD | 30,512 USD |
2015 | 45.95 bn USD | 8,472 USD | 25,813 USD |
2016 | 47.02 bn USD | 8,658 USD | 26,165 USD |
2017 | 49.22 bn USD | 9,050 USD | 26,931 USD |
2018 | 52.42 bn USD | 9,624 USD | 28,362 USD |
2019 | 50.69 bn USD | 9,293 USD | 27,095 USD |
2020 | 62.83 bn USD | 11,510 USD | 30,780 USD |
Comparison of the gross debt per capita with the European Union in Euro
Budget deficit in Slovakia
The 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 insurances, 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 - it is less, it is called deficit.The budget deficit in Slovakia in the period between 1998 and 2020 varied between 926.00 m Euro and 7.29 bn Euro. In 2020 was reached a balance of -5.78 bn Euro.
In ratio to population, this equals a new indebtedness of 1,059 Euro per capita in Slovakia only in 2020. For comparison, the average debt per capita in the European Union was in the same year at 2,353 Euro.
Budget deficit of the past 22 years
Year | Slovakia total | Slovakia per capita | EU 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 USD | 112 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 | -1,196 USD |
2013 | -2,847.18 M USD | -526 USD | -1,012 USD |
2014 | -3,148.68 M USD | -581 USD | -846 USD |
2015 | -2,369.23 M USD | -437 USD | -573 USD |
2016 | -2,315.75 M USD | -426 USD | -423 USD |
2017 | -937.09 M USD | -172 USD | -261 USD |
2018 | -1,068.69 M USD | -196 USD | -136 USD |
2019 | -1,402.06 M USD | -257 USD | -192 USD |
2020 | -5,781.59 M USD | -1,059 USD | -2,353 USD |
(negative numbers = deficit)