Economy of Slovakia Slovakia is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developed nation, Slovakia is able to provide its citizens with social services like public education, healthcare, and law enforcement. Citizens of developed nations enjoy a high standard of living and longer life expectancies than citizens of developing nations. Each year, Slovakia exports around $82.7 billion and imports roughly $77.96 billion. 7.5% of population in the country are unemployed. The total number of unemployed people in Slovakia is 408,736. In Slovakia, 12.3% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Slovakia is low, indicating that it has a stable economy. Investors should consider Slovakia to be a safe location for investments and other financial ventures. Government expenditure on education is 3.6% of GDP. http://www.confiduss.com/en/jurisdictions/slovakia/economy/