Slovak Republic's net secondary income (net current transfers from abroad) (current LCU) was -358.4 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 68% from -1.12 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -358.4 million | 2024 |
| Five years earlier | -1.02 billion | 2019 |
| Ten years earlier | -1.12 billion | 2014 |
| Highest | 291.1 million | 1998 |
| Lowest | -2.11 billion | 2016 |
| Average since 2015 | -964.63 million | 2015–2024 |
| First recorded | -19.26 million |
What the numbers say
In 2024, Slovak Republic's net secondary income (net current transfers from abroad) (current LCU) fell 511 million on 2023 (from 152.6 million to -358.4 million).
Across the 28 yearly changes before that (1996 to 2023), the average change was +6.14 million and a typical year strayed about 403.16 million from that (the standard deviation). This year's change was 1.3 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 790.72 million in 2017 and the biggest yearly fall was 885.54 million in 2016. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 163.29 million a year. A straight line explains 63% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Slovak Republic had the 35th highest value of the 54 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Slovak Republic in the 2024 ranking
- Sint Maarten (Dutch part) — 32nd of 54: -175.4 million
- Panama — 33rd of 54: -218.83 million
- Bermuda — 34th of 54: -229 million
- Cayman Islands — 36th of 54: -379.9 million
- Slovenia — 37th of 54: -392.03 million
- Luxembourg — 38th of 54: -587.7 million
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 30 values
| Year | Net secondary income (net current transfers from abroad) (current LCU) |
|---|---|
| 2024 | -358,398,000 |
| 2023 | 152,600,000 |
| 2022 | -570,134,000 |
| 2021 | -1,332,183,000 |
| 2020 | -751,916,000 |
| 2019 | -1,015,215,000 |
| 2018 | -1,130,795,000 |
| 2017 | -1,314,779,000 |
| 2016 | -2,105,495,000 |
| 2015 | -1,219,957,000 |
Net secondary income (net current transfers from abroad) (current LCU) in nearby economies
- Albania — 132.86 billion (2025)
- Armenia — 134.65 billion (2025)
- Austria — -3.14 billion (2024)
- Azerbaijan — 1.26 billion (2025)
- Belarus — 3.32 billion (2025)
- Belgium — -10.14 billion (2024)
- Bosnia and Herzegovina — 5.6 billion (2025)
- Bulgaria — 1.33 billion (2025)
- Croatia
More economic policy & debt data for Slovak Republic
- Adjusted savings, education expenditure (% of GNI) — 4.13% (2021)
- Adjusted savings, mineral depletion (current US$) — US$10.61 million (2021)
- Adjusted savings, energy depletion (current US$) — US$3.68 million (2021)
- Net financial flows, IBRD (NFL, current US$) — −US$279,000 (2016)
- General government final consumption expenditure (current US$) — US$33.08 billion (2025)
- General government final consumption expenditure (current LCU) — 29.27 billion (2025)
- General government final consumption expenditure (% of GDP) — 21.41% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$90.65 billion (2025)
Reading data like this
Questions people ask
- What is Slovak Republic's net secondary income (net current transfers from abroad) (current LCU)?
- -358.4 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is down 1,761% from -19.26 million in 1995. The highest value was 291.1 million in 1998 and the lowest -2.11 billion in 2016.
- How does Slovak Republic rank?
- 35th highest of 54 economies with data for 2024.
- Is the latest change in net secondary income (net current transfers from abroad) (current LCU) unusual for Slovak Republic?
- In 2024, Slovak Republic's net secondary income (net current transfers from abroad) (current LCU) fell 511 million on 2023 (from 152.6 million to -358.4 million). Across the 28 yearly changes before that (1996 to 2023), the average change was +6.14 million and a typical year strayed about 403.16 million from that (the standard deviation). This year's change was 1.3 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NY.TRF.NCTR.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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