Despite hefty political infighting, the economy of Kosovo is growing at a rate of almost 4% per annum. The dynamics might even accelerate in the years to come. The major growth drivers are remittances and foreign direct investment. However, still more growth will be needed, if mass unemployment is to be reduced substantially as the population is young and ever-increasing.
|Main Economic Indicators||2013||2014||2015||2016||2017||2018|
|Population, 1000 persons.||1818||1813||1830||.||.||.|
|GDP, real change in %||3.4||1.2||3.7||3.9||4.3||4.0|
|GDP per capita (EUR at PPP)||6700||7000||7500||.||.||.|
|Gross industrial production, real change in %||6.5||-1.3||5.0||.||.||.|
|Unemployment rate - LFS, in %, average||30.0||35.3||34.0||34.0||33.0||32.0|
|Average net monthly wages, EUR||356||416||446||.||.||.|
|Consumer prices, % p.a.||1.8||0.4||-0.5||1.0||2.0||3.0|
|Fiscal balance in % of GDP||-2.5||-2.9||-2.0||.||.||.|
|Public debt in % of GDP||8.9||10.5||12.0||.||.||.|
|Current account in % of GDP||-6.4||-7.8||-9.1||-9.0||-8.6||-8.3|
|FDI inflow, EUR mn||280||151||324||.||.||.|
|Gross external debt in % of GDP||30.2||31.2||33.3||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
KOSOVO: A long passage to prosperity
in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, March 2016 , pp. 87-89 Details and Buy
Monthly Report No. 7-8/2015
Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2015
25 pages including 1 Table and 2 Figures