Driver Overview
This section shows a country’s rank, ranking change and score for each of the eight drivers. It also categorises each country’s driver performance on a scale from “Emerging” (score from 0-20) to “Global Leader” (score from 80-100).
Rank
Score /100
Best practice
Metric Overview
Strengths
Transparency in public procurement
The Slovak Republic’s public procurement notices are made available online and tender documents transparently detail procurement procedures. The transparency of the process encourages more participation and competition, which can drive value for money.
Value of closed PPP infrastructure deals
At 0.7% of GDP the Slovak Republic has one of the highest value of closed PPP deals among InfraCompass2020 countries. Investment opportunities for foreign equity may reduce financing costs, although the impacts of the COVID-19 pandemic remain unknown.
Cost to start a business
According to the World Bank, the cost of starting a business in the Slovak Republic is 1% of income per capita, well below the 4.7% average in High Income Countries, easing the entry of new firms.
Top Performing Metrics
Top Performing Metrics
This is defined by the metrics with the highest unweighted score out of 100.
Procurement:
Transparency in public procurement
Activity:
Value of closed PPP infrastructure deals
Permits:
Cost to start a business
Opportunities to Grow
Stocks traded
The total value of stocks traded in the Slovak Republic was 0.1% of GDP, a small fraction of the High Income Countries’ average of 43%. As this indicator measures the liquidity of equities, it is important to infrastructure investors to know they can exit investments at appropriate points.
Dealing with construction permits
According to the World Bank, in the Slovak Republic it takes an average of 300 days to obtain construction permits. Expediting this process could significantly impact investment in infrastructure by helping to reduce delays.
Long term GDP growth trend
The Slovak Republic’s long-term GDP growth trend decreased to 2.3%, down from 3.7% in 2016. Long-term growth rates signal a country’s capacity to fund infrastructure from future growth. The economic fallout from the COVID-19 pandemic may impact growth trends.
Metrics to Improve
Metrics to Improve
This is defined by the metrics with the lowest weighted score out of 100, such that these metrics would have the greatest impact on the overall score.
For metrics that have binary outcomes (yes=100/no=0), no comparative income group average is reported.
Financial markets:
Stocks traded
Permits:
Dealing with construction permits
Funding capacity:
Long term GDP growth trend
Detailed Data
This section shows country data for each of the 41 metrics. The figures in brackets denote the change in score since InfraCompass 2017.
Note that all data has been normalised on a scale of 1-100. For raw metric data, please download the complete InfraCompass 2020 dataset.
Where relevant, some metric scores have been inverted, such that all metrics have positive relationships with good infrastructure outcomes. For example, since lower compliance costs make it easier to invest in infrastructure, the normalised value of ‘number of procedures to start a business’ has been reversed such that lower number of procedures are scored closer to 100, and higher numbers closer to 0. In other words, a score of 0 indicates a poor performance, rather than 0 number of procedures.
28.2%
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
20.7%
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
18.1%
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
15.1%
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
12.8%
Political stability and absence of violence score
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
5%
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Slovak Republic
High Income Countries Average
Description
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
Weighting (% of Driver)
28.2%
Source Link
Description
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
Weighting (% of Driver)
20.7%
Description
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
Weighting (% of Driver)
18.1%
Source Link
Description
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
Weighting (% of Driver)
15.1%
Source Link
Description
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
Weighting (% of Driver)
12.8%
Description
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Weighting (% of Driver)
5%
Source Link
Country Overview Data
21,053 USD
5.5 million persons
Infrastructure quality78.6 (0-100 best)
2.6%
GDP per capita growth rate-0.2%
Gini coefficient26.5 (0-100 worst)
Gross Government Debt48.0% of GDP
Inflation rate2.6%
Summary credit rating78.0 (0-100 best)
Unemployment rate6.4%
Urbanisation ratio54.0% of total population
Road connectivity83.5 (0-100 best)
4.0 (1-7 best)
Efficiency of train services4.0 (1-7 best)
Efficiency of air transport services3.8 (1-7 best)
Efficiency of seaport services3.1 (1-7 best)
Electricity access100.0% of population
Electricity supply quality4.5% of output lost
Exposure to unsafe drinking water3.1% of population
Reliability of water supply6.5 (1-7 best)
Mobile-broadband subscriptions86.0 per 100 population
Fixed-broadband Internet subscriptions27.7 per 100 population