Kosovo

map Kosovo
The economy has recovered quickly to pre-pandemic levels, and this year GDP growth will accelerate to 6%. The momentum is likely to persist and will be backed by strong domestic and external demand. Both consumption and investment will continue to benefit, as remittances flood in. Foreign investors are turning their gaze towards Kosovo: foreign direct investment has kept pace with the positive developments of 2020 and will continue on this path. Exports of goods will maintain their positive trend.
        FORECAST*
Main Economic Indicators201820192020202120222023
Population, 1000 persons179717891790...
GDP, real change in %3.44.8-5.36.04.84.0
GDP per capita (EUR at PPP)751079707760...
Gross industrial production, real change in %-1.36.30.8...
Unemployment rate - LFS, in %, average29.625.725.925.525.024.5
Average gross monthly wages, EUR453477466...
Consumer prices, % p.a.1.12.70.22.32.52.3
Fiscal balance in % of GDP-2.9-2.9-7.6-2.0-2.0-1.0
Public debt in % of GDP16.417.022.0...
Current account in % of GDP-7.6-5.7-7.0-8.4-8.1-7.2
FDI inflow, EUR m272255346...
Gross external debt in % of GDP30.531.237.2...


Basic data are continuously updated.

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

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Executive summary

Vasily Astrov
in: Recovery Beating Expectations
wiiw Forecast Report No. Autumn 2021, October 2021 , pp. I-VI
Details

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Monthly Report No. 7-8/2021

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Bernd Christoph Ströhm and Maryna Tverdostup
wiiw Monthly Report No. 7-8, July-August 2021
42 pages including 4 Tables and 15 Figures

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