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.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| Population, 1000 persons. | 1813 | 1788 | 1185 | . | . | . |
| GDP, real change in % | 1.2 | 4.3 | 3.4 | 3.7 | 3.8 | 3.7 |
| GDP per capita (EUR at PPP) | 6700 | 7400 | 7800 | . | . | . |
| Gross industrial production, real change in % | -1.3 | 5.0 | -1.1 | . | . | . |
| Unemployment rate - LFS, in %, average | 35.3 | 32.9 | 27.5 | 25.8 | 25.5 | 25.2 |
| Average net monthly wages, EUR | 429 | 466 | 463 | . | . | . |
| Consumer prices, % p.a. | 0.4 | -0.5 | 0.3 | 1.6 | 1.9 | 2.3 |
| Fiscal balance in % of GDP | -2.9 | 1.6 | -1.9 | . | . | . |
| Public debt in % of GDP | 10.5 | 12.9 | 13.2 | . | . | . |
| Current account in % of GDP | -6.9 | -8.6 | -9.2 | -10.0 | -10.6 | -11.1 |
| FDI inflow, EUR mn | 151 | 309 | 216 | . | . | . |
| Gross external debt in % of GDP | 31.2 | 33.3 | 40.1 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
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, July-August 2017
27 pages including 1 Table and 2 Figures
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, March 2017 , pp. 81-85
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