Economic analysis of the construction industry in the Slovak Republic: the path to sustainability

Abstract

Housing is one of the basic human needs, and we can evaluate and compare the standard of living in the states according to the quality and availability of housing. The housing issue has been addressed in the Slovak Republic for several years with an unsatisfactory result. The paper aims to provide an overview of economic indicators related to the construction industry in the Slovak Republic while demonstrating the interconnectedness to sustainable development. Construction production, the construction industry's share of GDP, number of employees, and labour productivity are analysed and depicted graphically. A comparison of 2020 with previous years is also provided. To conclude, viable solutions for improving the sustainable Slovak construction industry are presented.