Kosovo recorded a Current Account deficit of 8.30 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Kosovo averaged -9.09 percent from 2000 until 2018, 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 September of 2020.

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
-8.30 -6.10 -3.40 -24.33 2000 - 2018 percent Yearly

Kosovo Trade Last Previous Highest Lowest Unit
Balance of Trade -263741.00 -246177.00 -46937.00 -308350.00 EUR Thousand [+]
Current Account -77.50 -28.70 184.00 -460.90 EUR Million [+]
Current Account to GDP -8.30 -6.10 -3.40 -24.33 percent [+]
Imports 306377.00 290804.00 336878.00 48559.00 EUR Thousand [+]
Exports 42636.00 44627.00 44627.00 1562.00 EUR Thousand [+]
Capital Flows -51.60 -79.70 123.10 -278.00 EUR Million [+]
Remittances 91.60 82.90 608.70 41.60 EUR Million [+]
Terrorism Index 2.26 2.69 2.90 1.74 [+]
Foreign Direct Investment 33.60 8.70 440.70 -19.10 EUR Million [+]
External Debt 2191.40 2179.41 2191.40 520.64 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.