Kosovo - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Kosovo including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Kosovo economy.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 29.40 29 28.5 27 27 24 percent
Inflation Rate 1.50 1.2 2.2 1.5 1.6 2.6 percent
Balance of Trade -280285.00 -214500 -268500 -231600 -216500 -266600 EUR Thousand
Government Debt To GDP 16.63 16.1 16.1 18.8 18.8 19.6 percent
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 3.50
percent
2.7 2.4 3.7 3.7 2
GDP 7.13
USD Billion
6.8 6.8 7.1 7.1 7.5
GDP Constant Prices 6296.90
EUR Million
6125 6448 6267 6530 6702
Gross Fixed Capital Formation 1827.20
EUR Million
1745 1871 1785 1895 1945
GDP per capita 4068.21
USD
4100 4100 4190 4190 4260
GDP Per Capita Ppp 9795.83
USD
9800 9800 10200 10200 10700
Gdp From Agriculture 117.40
EUR Million
152 156 155 155 155
Gdp From Construction 76.50
EUR Million
123 103 83.67 144 97.51
Gdp From Manufacturing 108.50
EUR Million
154 155 155 155 155
Gdp From Mining 43.60
EUR Million
31.7 35.38 39.06 35.57 35.65
Gdp From Public Administration 188.50
EUR Million
191 199 190 193 195
Gdp From Services 153.70
EUR Million
187 187 188 188 188
Gdp From Transport 42.30
EUR Million
54.84 54.86 54.86 54.86 54.86
Gdp From Utilities 74.20
EUR Million
62.54 61.16 72.86 70.62 76.02
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 29.40
percent
29 28.5 27 27 24
Unemployed Persons 96709.00
96558 96571 96571 96571 96571
Wages 526.00
EUR/Month
460 468 465 477 480
Population 1.78
Million
1.78 1.78 1.81 1.81 1.8
Labor Force Participation Rate 40.40
percent
37.09 37.66 37.42 37.58 37.51
Youth Unemployment Rate 55.00
percent
55.38 56.34 55.53 55.76 56.11
Employment Rate 28.50
percent
29.03 29.17 28.87 28.86 28.89
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.50
percent
1.2 2.2 1.5 1.6 2.6
Consumer Price Index CPI 103.00
Index Points
103 104 104 104 109
Producer Prices 115.70
Index Points
117 118 118 119 124
Import Prices 117.00
Index Points
118 118 118 118 119
Inflation Rate Mom 0.40
percent
0.02 0.01 0.01 0.03 0.02
Producer Prices Change 1.70
percent
2.5 2.6 3 2.9 2.3
Food Inflation 2.00
percent
1.17 1.19 1.18 1.18 1.18
Cpi Housing Utilities 98.40
Index Points
100 102 101 99.82 100
CPI Transportation 107.30
Index Points
103 103 104 107 109
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Banks Balance Sheet 3953.14
EUR Million
3977 4032 4086 4139 4676
Loans To Private Sector 1687.80
EUR Million
1693 1724 1755 1786 2066
Central Bank Balance Sheet 1746.44
EUR Million
1665 1675 1673 1671 1672
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -280285.00
EUR Thousand
-214500 -268500 -231600 -216500 -266600
Exports 28776.00
EUR Thousand
35700 30600 33600 42400 34900
Imports 309061.00
EUR Thousand
250200 299100 265200 258900 301500
Current Account -108.70
EUR Million
-78.65 -83.69 -80.25 -83.18 -81.98
Current Account to GDP -10.30
percent
-8.6 -8.6 -7.2 -7.2 -6.1
Capital Flows -63.80
EUR Million
-43.14 -39.08 -46.72 -43.12 -43.1
Remittances 73.10
EUR Million
87.19 90.66 91.91 92.36 92.63
Terrorism Index 2.55
2.2 2.22 2.26 2.31 2.3
Foreign Direct Investment 12.40
EUR Million
28.3 30.81 30.17 30.69 30.55
External Debt 1998.30
EUR Million
1923 1910 1840 1824 1648
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt To GDP 16.63
percent
16.1 16.1 18.8 18.8 19.6
Government Budget -0.90
percent of GDP
-1 -1 -1.61 -1.7 -0.6
Government Budget Value 85.00
EUR Million
36.81 56.52 50.01 56.51 140
Government Spending 847.70
EUR Million
849 868 869 879 902
Government Revenues 1921.20
EUR Million
1865 1892 1895 1899 1902
Government Debt 1035.12
EUR Million
1083 1110 1136 1161 1389
Fiscal Expenditure 1836.20
EUR Million
1828 1848 1845 1842 1762
Military Expenditure 55.70
USD Million
54.31 55.3 54.73 54.17 41.84
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Changes in Inventories 113.10
EUR Million
154 165 156 147 164
Industrial Production 4.80
percent
-4.35 -1.31 -3.8 -1.99 -1.21
Mining Production -12.15
percent
39.26 16.57 27.37 22.38 20.52
Corruption Index 39.00
Points
39 40 40 40 40
Corruption Rank 85.00
84 83 82 81 80
Ease Of Doing Business 40.00
54.99 54.29 54.79 55.29 56.61
Electricity Production 1402.50
Gigawatt-hour
1424 1685 1474 1485 1709
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 5198.00
EUR Million
5365 5323 5490 5390 5532
Consumer Credit 967.80
EUR Million
982 1006 1029 1053 1278
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Personal Income Tax Rate 10.00
percent
10 10 10 10 10
Sales Tax Rate 18.00
percent
18 18 18 18 18
Social Security Rate 10.00
percent
10 10 10 10 10
Social Security Rate For Companies 5.00
percent
5 5 5 5 5
Social Security Rate For Employees 5.00
percent
5 5 5 5 5
Corporate Tax Rate 10.00
percent
10 10 10 10 10