Slovakia Economy

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Located in eastern Europe, the Slovak Republic economy which has a population of 5.397 million (Est 2011 Census) ranks 62nd in the world. This is estimated from IMF estimates which indicates that it has a GDP PPP of 126.914 billion and GDP PPP per capita of 23,304 vs 48,328 (United States) according to the IMF in 2011. It is a member state of the European Union and its currency is the Euro which it had adopted in 2009. Inflation estimates in the country are derived from the US CIA.gov website indicating its inflation was 3.9% in 2011 and 1% in 2010.