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Slovakia

The service sector, which has grown strongly over recent decades, is the largest sector in the Slovakian economy. The manufacturing sector - especially automotive manufacturing - also remains an important part of the economy. The economy grew strongly during the first decade of this century, and was able to make a relatively quick recovery from the financial crisis at the end of the decade. The Slovak economy is considered to be amongst the most open in the EU – although this characteristic makes it sensitive to business cycles.

Looking to the future, it is projected that overall employment levels will have recovered from their pre-2008 financial crisis levels by 2017. Most employment growth over the period to 2025 is projected to be in the business and other services and distribution and transport sectors, with most job opportunities opening for service and sales workers.

Looking forward to 2025, Slovakia is expected to experience an increase in demand for skilled workers across the board. The highest demand will be for highly skilled workers, followed by low- and medium-skilled workers. By 2025, the share of the labour force with high level qualifications is expected to increase, whilst the share of workers with medium, low or no qualifications will decrease in the same period.

Slovakia’s working-age population (15-64) is projected to grow in the period to 2025, with labour market participation to fall. Over the coming decades, Slovakia is expected to develop one of the higher old-age dependency ratios in the EU.

Future employment growth (in %) in Slovakia in 2015-2025 across sectors

Source:Cedefop
Indicator:Future employment growth

Projected changes in employment to 2025 (this indicator contains overall percentage change).

Key facts

SIZE OF EMPLOYMENT

Source:Eurostat
Indicator:Employment rate

The employment rate indicates the percentage of people in employment over the population aged 20-64.

 

In 2015 the employment rate in Slovakia was 67.65% compared to 70.00% in EU

RECENT HISTORY

Source:Eurostat
Indicator:Employed population by sector

It shows the total number of employed population, of any age, broken down by sector.

During the period 2011-2015 the size of employment in EU changed by 2.07% compared to 4.69% in Slovakia .

TOP PERFORMERS

Source:Eurostat
Indicator:Employed population by sector

It shows the total number of employed population, of any age, broken down by sector.

Sectors with the largest share in employment in Slovakia in 2015 

  • Manufacturing 24.68%
  • Wholesale & retail trade 12.25%
  • Public administration & defence 8.96% 
  • Construction 8.81%
  • Human health & social work activities 7.47% 

TOP PERFORMERS

Source:Eurostat
Indicator:Employed population by sector

It shows the total number of employed population, of any age, broken down by sector.

Occupations with the largest share in employment in Slovakia in 2015:  

  • Sales workers 7.46%
  • Drivers & mobile plant operators 6.56%
  • Business & administration assoc. prof. 6.18% 
  • Personal service workers 5.36%
  • Metal, machinery & related trades workers 5.24%

TOP PERFORMERS

Source:Cedefop
Indicator:Future employment growth

Projected changes in employment to 2025 (this indicator contains overall percentage change).

Sectors expected to have the strongest employment change over the period 2015-2025 in Slovakia:

  • Human health & social work activities 37.24%
  • Financial & insurance activities 34.85%
  • Accommodation & food service activities 27.40% 
  • Information & communication activities 23.97% 
  • Real estate, professional & related activities 21.37% 

LOOKING INTO THE FUTURE

Source:Cedefop
Indicator:Future employment needs

The additional number of people who will be required to work in an occupation given projected changes in employment and replacement demands. 

Occupations expected to have the largest numbers of job openings in Slovakia over the period 2015-2025:

  • Business & administration assoc. prof. 98,836
  • Sales workers 61,037
  • Personal service workers 46,825
  • Legal, social, cultural & related assoc. prof. 43,768
  • Metal, machinery & related trades workers 41,663

Featured indicator

Related indicators

Employment share of occupations (%) in Slovakia (2011-2015 comparison)

Source:Eurostat
Indicator:Employed population

Shows the total number of employed people of any age.

 

Education profile (%) of the working age population in Slovakia (2011-2015 comparison)

Source:Eurostat
Indicator:Working-age population

Measures the total number of people of working age (i.e. 15-64).

 

Age profile (%) of the working age population in Slovakia (2011-2015 comparison)

Source:Eurostat
Indicator:Working-age population

Measures the total number of people of working age (i.e. 15-64).

 

Future employment growth (% change) across occupations in Slovakia compared to EU in 2015-2025

Source:Cedefop
Indicator:Future employment growth

Projected changes in employment to 2025 (this indicator contains overall percentage change).

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