Slovakia

Slovakia is a landlocked country in Central Europe, bordered by the Czech Republic, Austria, Hungary, Ukraine and Poland. Its landscape ranges from the Carpathian Mountains and the High Tatras in the north to fertile lowlands along the Danube in the southwest. Independent since 1993, Slovakia generated GDP of approximately EUR 137 billion in 2025 and is one of the most open and trade-dependent economies in the EU.

Over the past three decades, Slovakia has evolved into a highly industrialized, export-oriented economy in which automotive manufacturing plays a defining role. Volkswagen, Stellantis, Kia and Jaguar Land Rover operate major production plants, supported by a dense network of suppliers, and Volvo Cars is building a new plant. Producing around one million cars a year, Slovakia is the world's largest car producer per capita. Production has so far been concentrated in western and northwestern Slovakia, while the new Volvo plant is extending the industry to the east.

Alongside automotive manufacturing, Slovakia has developed strong capabilities in mechanical engineering, electronics and electrical equipment. Its location between major Central European markets, use of the euro and integration into regional supply chains continue to support trade and investment, while new projects in electric mobility, automation and advanced manufacturing are gradually reshaping the country's industrial profile.
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