Kosovo
The economy contracted by 5% in 2020, but growth will return to 4.5% in the medium term, supported by domestic and external demand. However, the downside risks remain high, with the current pandemic still raging and vaccines far off on the horizon. The triumphant return of a Kurti government (‘Kurti 2’) represents a new opportunity for Kosovo to gain political stability. In March 2021, the European Parliament reaffirmed its call to the EU council to adopt visa liberalisation for Kosovo.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Population, 1000 persons | 1797 | 1789 | 1772 | . | . | . |
| GDP, real change in % | 3.8 | 4.9 | -4.1 | 4.8 | 4.6 | 3.9 |
| GDP per capita (EUR at PPP) | 7340 | 7790 | 7590 | . | . | . |
| Gross industrial production, real change in % | -1.3 | 6.3 | 0.8 | . | . | . |
| Unemployment rate - LFS, in %, average | 29.6 | 25.7 | 26.5 | 26.0 | 25.0 | 24.5 |
| Average gross monthly wages, EUR | 453 | 477 | 488 | . | . | . |
| Consumer prices, % p.a. | 1.1 | 2.7 | 0.2 | 1.5 | 1.7 | 2.0 |
| Fiscal balance in % of GDP | 0.4 | 1.0 | -1.9 | . | . | . |
| Public debt in % of GDP | 16.3 | 16.9 | 21.9 | . | . | . |
| Current account in % of GDP | -7.6 | -5.6 | -7.1 | -6.9 | -6.9 | -5.7 |
| FDI inflow, EUR m | 272 | 255 | 342 | . | . | . |
| Gross external debt in % of GDP | 30.3 | 31.0 | 37.2 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of April, July and November.
See Press Conferences.
KOSOVO: Major future challenges and high expectations of new government
Isilda Mara
in: Darkest before the dawn?
wiiw Forecast Report No. Spring 2021, April 2021 , pp. 82-85
Details and Buy
Monthly Report No. 5/2020
Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Bernd Christoph Ströhm and Hermine Vidovic
wiiw Monthly Report No. 5, May 2020
96 pages including 27 Tables and 39 Figures