Slovakia - Services

As part of the general transformation of the economy in the transition from a communist to a capitalist system, the service sector in Slovakia has experienced sizable growth while the industrial and agricultural sectors have declined. In 1998, the services sector accounted for 62 percent of total GDP, and, as of 1994, it employed 54 percent of the labor force, or 1,786,160 workers. Significant increases in employment in the late 1990s were located in the service sector, in the areas of wholesale and retail trade, repairs, and hotels and restaurants.

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