Kosovo
The economy is growing strongly, reflecting a boom in key sources of remittances and export demand. With growth showing no signs of slowing in Western Europe, this is likely to remain the case this year. Meanwhile stronger employment growth should help to lift private consumption. Real GDP growth is likely to average around 4% per year over the forecast period, although a major new energy investment could lift this higher.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| Population, 1000 persons | 1788 | 1778 | 1784 | . | . | . |
| GDP, real change in % | 4.1 | 4.1 | 3.9 | 3.9 | 3.8 | 3.8 |
| GDP per capita (EUR at PPP) | 7400 | 7700 | 8000 | . | . | . |
| Gross industrial production, real change in % | 4.8 | 2.8 | 4.0 | . | . | . |
| Unemployment rate - LFS, in %, average | 32.9 | 27.5 | 30.2 | 27.0 | 25.2 | 24.0 |
| Average gross monthly wages, EUR | 510 | 519 | 511 | . | . | . |
| Consumer prices, % p.a. | -0.5 | 0.3 | 1.5 | 1.9 | 2.3 | 2.3 |
| Fiscal balance in % of GDP | 1.6 | 0.2 | -0.1 | . | . | . |
| Public debt in % of GDP | 12.9 | 14.0 | 16.3 | . | . | . |
| Current account in % of GDP | -8.6 | -7.9 | -6.6 | -5.8 | -6.0 | -6.2 |
| FDI inflow, EUR mn | 309 | 220 | 288 | . | . | . |
| Gross external debt in % of GDP | 33.3 | 33.7 | 33.1 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
KOSOVO: Growth at healthy levels, helped by boom in Western Europe
Richard Grieveson
in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 106-109
Details and Buy
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, August 2017
27 pages including 1 Table and 2 Figures