Current Account to GDP in Kosovo increased to -5.80 percent in 2019 from -7.60 percent in 2018. source: Central Bank of the Republic of Kosovo

Current Account to GDP in Kosovo averaged -8.91 percent from 2000 until 2019, reaching an all time high of -3.40 percent in 2013 and a record low of -24.33 percent in 2000. This page provides - Kosovo Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kosovo Current Account to GDP - values, historical data and charts - was last updated on February of 2021.

Current Account to GDP in Kosovo is expected to reach -10.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kosovo Current Account to GDP is projected to trend around -9.00 percent in 2021 and -8.00 percent in 2022, according to our econometric models.

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Kosovo Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-5.80 -7.60 -3.40 -24.33 2000 - 2019 percent Yearly

Kosovo Trade Last Previous Highest Lowest Unit
Balance of Trade -309200.00 -259944.00 -46937.00 -309200.00 EUR Thousand [+]
Current Account -39.10 -55.80 184.70 -460.90 EUR Million [+]
Current Account to GDP -5.80 -7.60 -3.40 -24.33 percent [+]
Imports 355976.00 305743.00 355976.00 48559.00 EUR Thousand [+]
Exports 46727.00 45799.00 50637.00 1562.00 EUR Thousand [+]
Capital Flows -62.00 -31.90 124.90 -278.00 EUR Million [+]
Remittances 92.70 88.30 608.70 41.60 EUR Million [+]
Terrorism Index 0.00 2.26 2.90 0.00 [+]
Foreign Direct Investment 26.30 16.60 440.70 -20.40 EUR Million [+]
External Debt 2272.97 2191.40 2272.97 520.64 EUR Million [+]


Kosovo Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.