map Kosovo
Kosovo’s economic growth is likely to lose steam, owing to its high exposure to external shocks and certain domestic bottlenecks surrounding energy supplies. Consumption will spur growth, but at a slower pace. The restructuring of international trade will have negative spill-over effects, but there is also likely to be a silver lining in the shape of a surge in lignite exports. According to the baseline scenario – and on the assumption that the war in Ukraine will be over this year – inflation will climb to 7% and the growth rate will be 3.3%. In the medium term, inflationary pressure will slacken and growth will accelerate to 3.9%.
Main Economic Indicators201920202021202220232024
Population, 1000 persons178917901795...
GDP, real change in %4.8-5.310.
GDP per capita (EUR at PPP)803075508520...
Gross industrial production, real change in %6.30.821.7...
Unemployment rate - LFS, in %, average25.725.924.524.323.823.5
Average gross monthly wages, EUR477466484...
Consumer prices, % p.a.
Fiscal balance in % of GDP-2.9-7.6-1.4-2.0-2.0-0.5
Public debt in % of GDP17.022.021.5...
Current account in % of GDP-5.7-7.0-8.6-7.0-6.8-6.8
FDI inflow, EUR m255346415...
Gross external debt in % of GDP31.237.238.1...

Basic data are continuously updated.

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


Executive summary

Vasily Astrov
in: Overshadowed by War and Sanctions
wiiw Forecast Report No. Spring 2022, April 2022 , pp. I-VII


Monthly Report No. 1/2022

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Richard Grieveson, Doris Hanzl-Weiss, Marcus How, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Sandor Richter, Bernd Christoph Ströhm, Maryna Tverdostup, Nina Vujanović, Zuzana Zavarská and Adam Żurawski
wiiw Monthly Report No. 1, January 2022
58 pages including 4 Tables and 21 Figures