Kosovo

Growth will average close to 4% during the forecast period, driven by consumption and investment, making Kosovo one of the fastest growing economies in the region. Remittance inflows will remain elevated and a key means of financing consumption. FDI inflows are likely to continue to flow largely into the non-tradable sector; exports are very low as a share of GDP, and the current account deficit will widen further. Reform of the business environment, judiciary and education will remain slow.

map Kosovo
        FORECAST*
Main Economic Indicators201420152016201720182019
Population, 1000 persons.181317881185...
GDP, real change in %1.24.33.43.73.83.7
GDP per capita (EUR at PPP)670074007800...
Gross industrial production, real change in %-1.35.0-1.1...
Unemployment rate - LFS, in %, average35.332.927.525.825.525.2
Average net monthly wages, EUR429466463...
Consumer prices, % p.a.0.4-0.50.31.61.92.3
Fiscal balance in % of GDP-2.91.6-1.9...
Public debt in % of GDP10.512.913.2...
Current account in % of GDP-6.9-8.6-9.2-10.0-10.6-11.1
FDI inflow, EUR mn151309216...
Gross external debt in % of GDP31.233.340.1...


Basic data are continuously updated.

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

publication_icon

Monthly Report No. 7-8/2017

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8,
27 pages including 1 Table and 2 Figures

Details

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KOSOVO: Remittances to continue driving growth

Richard Grieveson
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, , pp. 81-85
Details and Buy


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