Kosovo

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The economy expanded by 4.5% last year, but growth may slow in response to the downside risks arising from both the domestic and the international political climate. Political stability under the government led by Kurti has supported steady growth thus far; but that could change, as the formation of a new government is proving challenging. Inflationary pressures eased significantly in 2024 and early 2025, but this trend may go into reverse if the global trade war escalates. For 2025, the government budget is expected to enter into deficit; meanwhile exports of goods will continue their positive trajectory. We anticipate that growth will ease to 3.9% in 2025, before accelerating to 4.1% in 2026-2027.
        FORECAST*
Main Economic Indicators202220232024202520262027
Population, 1000 persons176816051690...
GDP, real change in %4.34.14.43.93.94.1
GDP per capita (EUR at PPP)87501078011030...
Gross industrial production, real change in %12.39.05.0...
Unemployment rate - LFS, in %, average12.610.910.710.710.610.5
Average gross monthly wages, EUR521570631...
Consumer prices, % p.a.11.64.91.62.22.02.0
Fiscal balance in % of GDP-0.5-0.30.1-1.1-0.9-0.8
Public debt in % of GDP19.717.216.9...
Current account in % of GDP-10.3-7.5-8.9-8.9-8.6-8.1
FDI inflow, EUR m732840847...
Gross external debt in % of GDP38.639.641.1...


Basic data are continuously updated.

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

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Monthly Report No. 1/2025

Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Maciej J. Grodzicki, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Dzmitry Kruk, Sebastian Leitner, Isilda Mara, Emilia Penkova-Pearson, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm and Maryna Tverdostup
wiiw Monthly Report No. 1, January 2025
50 pages including 6 Tables and 13 Figures

Details

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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
Details


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