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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 29.40 28.5 27 27 27.5 24 percent
Inflation Rate 1.50 2.2 1.7 1.7 1.7 2.6 percent
Balance of Trade -257304.00 -268500 -231600 -216500 -245224 -266600 EUR Thousand
Government Debt To GDP 16.63 16.1 18.8 18.8 18.8 19.6 percent
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 3.50
percent
2.5 2.2 2 1.8 2
GDP 7.13
USD Billion
6.8 7.1 7.1 7.1 7.5
GDP Constant Prices 6296.90
EUR Million
6454 6435 6423 6152 6708
Gross Fixed Capital Formation 1827.20
EUR Million
1873 1867 1864 1752 1947
GDP per capita 4068.21
USD
4100 4190 4190 4190 4260
GDP Per Capita Ppp 9795.83
USD
9800 10200 10200 10200 10700
GDP From Agriculture 186.60
EUR Million
159 154 156 155 155
GDP From Construction 153.20
EUR Million
108 108 108 108 108
GDP From Manufacturing 181.40
EUR Million
159 159 159 159 159
GDP From Mining 44.60
EUR Million
33.94 41.05 41.46 36.22 36.93
GDP From Public Administration 201.80
EUR Million
202 191 201 194 200
GDP From Services 179.30
EUR Million
187 187 187 187 187
GDP From Transport 66.30
EUR Million
47.28 42.7 65.12 71.9 48.56
GDP From Utilities 66.90
EUR Million
61.47 72.55 69.15 66.72 76.39
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 29.40
percent
28.5 27 27 27.5 24
Unemployed Persons 96709.00
96571 96571 96571 96571 96571
Wages 526.00
EUR/Month
468 465 477 477 480
Population 1.78
Million
1.78 1.81 1.81 1.81 1.8
Labor Force Participation Rate 40.40
percent
41.66 40.75 41.22 40.98 41.29
Youth Unemployment Rate 55.00
percent
57.41 56.47 57.34 57.57 55.14
Employment Rate 28.50
percent
28.61 28.42 28.32 28.28 28.29
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 1.50
percent
2.2 1.7 1.7 1.7 2.6
Consumer Price Index CPI 103.30
Index Points
104 104 104 105 109
Producer Prices 115.70
Index Points
127 118 119 120 137
Import Prices 117.00
Index Points
118 118 118 119 119
Inflation Rate Mom 0.20
percent
0.12 0.12 0.12 0.12 0.12
Producer Prices Change 1.70
percent
2.6 3 2.9 2.7 2.3
Food Inflation 2.10
percent
2.4 2.5 2.3 2.4 3
Cpi Housing Utilities 99.40
Index Points
101 100 99.69 99.76 99.95
CPI Transportation 107.00
Index Points
103 104 107 108 109
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Banks Balance Sheet 4033.26
EUR Million
4084 4138 4193 4248 4741
Loans To Private Sector 1686.80
EUR Million
1728 1758 1789 1818 2068
Central Bank Balance Sheet 1745.66
EUR Million
1757 1760 1759 1758 1758
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -257304.00
EUR Thousand
-268500 -231600 -216500 -245224 -266600
Exports 36687.00
EUR Thousand
30600 33600 42400 32196 34900
Imports 293990.00
EUR Thousand
299100 265200 258900 277420 301500
Current Account 93.10
EUR Million
-20.28 16.12 -10 7.45 0.23
Current Account to GDP -10.30
percent
-7 -6.5 -6.5 -6.5 -6.6
Capital Flows -1.90
EUR Million
-37.32 -23.05 -33.64 -28.24 -30.37
Remittances 64.80
EUR Million
42.25 39.07 37.93 37.54 37.33
Terrorism Index 2.55
2.55 2.55 2.55 2.55 2.55
Foreign Direct Investment 19.50
EUR Million
23.63 24.21 24.23 24.29 24.28
External Debt 2058.32
EUR Million
2073 2051 2097 2085 2111
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt To GDP 16.63
percent
16.1 18.8 18.8 18.8 19.6
Government Budget -0.90
percent of GDP
-1 -0.7 -0.7 -0.7 -0.6
Government Budget Value 85.00
EUR Million
56.52 50.01 56.51 63.03 140
Government Spending 847.70
EUR Million
869 866 865 853 903
Government Revenues 1921.20
EUR Million
1892 1895 1899 1902 1902
Government Debt 1035.12
EUR Million
1080 1100 1121 1140 1294
Fiscal Expenditure 1836.20
EUR Million
1848 1845 1842 1839 1762
Military Expenditure 55.70
USD Million
55.3 54.73 54.17 53.6 41.84
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Changes in Inventories 113.10
EUR Million
165 156 147 137 164
Industrial Production 0.11
percent
-2.54 -3.79 -1.95 3.55 -0.9
Mining Production 9.93
percent
17.13 25.97 22.72 7.06 19.31
Corruption Index 39.00
Points
39 39 39 39 39
Corruption Rank 85.00
85 85 85 85 85
Ease Of Doing Business 44.00
40 42 43 44 44
Electricity Production 1402.50
Gigawatt-hour
1685 1474 1485 1328 1709
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Spending 5198.00
EUR Million
5328 5312 5302 5389 5538
Consumer Credit 969.40
EUR Million
998 1020 1042 1064 1256
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 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



Kosovo - Economic Forecasts - 2018-2020 Outlook