map Kosovo
The risks related to external tensions tend toward the upside. Despite the challenges posed by certain external events, the economy has demonstrated remarkable resilience, achieving a growth rate of 3.4% last year. Household consumption and investment both played a pivotal role in bolstering the economy, and these are expected to continue as the primary drivers of growth in the medium term. Moreover, inflation has receded and that trend is likely to continue in the coming years. In addition, there has been a surge in foreign direct investment specifically targeting renewable energy projects.
Main Economic Indicators202120222023202420252026
Population, 1000 persons178617681775...
GDP, real change in %
GDP per capita (EUR at PPP)8690984010310...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average20.712.512.412.312.011.5
Average gross monthly wages, EUR484521610...
Consumer prices, % p.a.3.411.
Fiscal balance in % of GDP-1.3-0.5-0.3-1.0-1.0-2.0
Public debt in % of GDP21.119.717.2...
Current account in % of GDP-8.7-10.3-7.6-8.6-8.7-8.5
FDI inflow, EUR m421732844...
Gross external debt in % of GDP37.138.639.9...

Basic data are continuously updated.

* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.


Executive summary

Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII


Monthly Report No. 1/2024

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Meryem Gökten, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm, Maryna Tverdostup and Adam Żurawski
wiiw Monthly Report No. 1, January 2024
50 pages including 5 Tables and 18 Figures