Country Overview
The quality of the Slovak Republic's infrastructure procurement processes have improved significantly since 2017 and it now ranks among the best in InfraCompass. Combined with regulatory frameworks which encourage investment and high quality project planning, it has kept the value of PPP infrastructure deals and activity as a whole high. To improve private investment in infrastructure the Slovak Republic should look to improve the quality of its financial markets, which lack financial depth and stock market liquidity.
See Full Overview Data
GDP per capita
19,548 USD
Population
5.5 million persons
Infrastructure quality
78.6 (0-100 best)
Private infrastructure investment
393.3 5-year average, USD millions

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).

Driver
Rank
Score /100
Emerging Aspiring Contender Top performer Global Leader
- No ranking change Ranking increase Ranking decrease

Rank

Score /100

Best practice

25
2
63.8
Top performer
15
1
72.3
Global Leader
29
-
76.9
Top performer
6
-
97.9
Global Leader
6
22
93.6
Global Leader
14
9
51.6
Global Leader
23
1
52.2
Top performer
43
6
30.8
Contender

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.

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. 

High income country average

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.

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.

High income country average

Financial markets:
Stocks traded

Funding capacity:
Long term GDP growth trend

Detailed Data

This section shows country data for each of the 41 metrics. 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.

Governance Regulatory Permits Planning Procurement Activity Funding Financial
Driver
Rank
Score /100
Emerging Aspiring Contender Top performer Global Leader
- No ranking change Ranking increase Ranking decrease

Metric

Slovak Republic

High Income Countries Average

Source Link

28.2%

Recovery rate

The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.

46.1 (-9.5)
68.3

20.7%

Rule of law

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.

60.6 (-2.4)
74.3

18.1%

Post-completion reviews

Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.

Yes
-

15.1%

Shareholder governance

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).

46.7
48.1

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.

62.5 (+0.5)
61.9

5%

Infrastructure or PPP agency

Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.

Yes
-

Slovak Republic

High Income Countries Average

46.1 (-9.5)
68.3
60.6 (-2.4)
74.3
Yes
-
46.7
48.1
62.5 (+0.5)
61.9
Yes
-

Country Overview Data

The quality of the Slovak Republic's infrastructure procurement processes have improved significantly since 2017 and it now ranks among the best in InfraCompass. Combined with regulatory frameworks which encourage investment and high quality project planning, it has kept the value of PPP infrastructure deals and activity as a whole high. To improve private investment in infrastructure the Slovak Republic should look to improve the quality of its financial markets, which lack financial depth and stock market liquidity.
GDP per capita

19,548 USD

Population

5.5 million persons

Infrastructure quality

78.6 (0-100 best)

Private infrastructure investment

393.3 5-year average, USD millions

GDP

106.6 USD billion

GDP growth rate

2.6%

GDP per capita growth rate

-0.2%

Gini coefficient

26.5 (0-100 worst)

Gross Government Debt

48.0% of GDP

Inflation rate

2.6%

Summary credit rating

78.0 (0-100 best)

Unemployment rate

6.4%

Urbanisation ratio

54.0% of total population

Road connectivity

83.5 (0-100 best)

Quality of road infrastructure

4.0 (1-7 best)

Efficiency of train services

4.0 (1-7 best)

Efficiency of air transport services

3.8 (1-7 best)

Efficiency of seaport services

3.1 (1-7 best)

Electricity access

100.0% of population

Electricity supply quality

4.5% of output lost

Exposure to unsafe drinking water

3.1% of population

Reliability of water supply

6.5 (1-7 best)

Digital Adoption Index

0.7 (0-1 best)

Mobile-broadband subscriptions

86.0 per 100 population

Fixed-broadband Internet subscriptions

27.7 per 100 population