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.