Kosovo GDP Annual Growth Rate

Kosovo's gross domestic product advanced 4.1 percent year-on-year in the second quarter of 2019, following an upwardly revised 4.2 percent growth in the prior period, as output rose at a slower pace for both household consumption (0.1 percent from 3.3 percent in Q1) and gross capital formation (4.1 percent from 13.7 percent). Also, government spending contracted (-3.3 percent from 0.6 percent). At the same time, net trade contributed positively to growth, as exports rose 14.4 percent (from 6.6 percent in Q1) while imports fell 0.5 percent (from 6.6 percent in Q1). GDP Annual Growth Rate in Kosovo averaged 3.73 percent from 2006 until 2019, reaching an all time high of 10.90 percent in the first quarter of 2011 and a record low of -4.50 percent in the first quarter of 2012.

GDP Annual Growth Rate in Kosovo is expected to be 3.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Kosovo to stand at 4.40 in 12 months time. In the long-term, the Kosovo GDP Annual Growth Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	TEForecast
2018-12-28	02:55 PM	GDP Growth Rate YoY Q3	3.4%	4.7%	3.1%
2019-04-04	12:30 PM	GDP Growth Rate YoY Q4	3.8%	3.4%	2.5%
2019-06-28	11:00 AM	GDP Growth Rate YoY Q1	4.1%	3.8%	3.3%
2019-10-07	01:55 PM	GDP Growth Rate YoY Q2	4.1%	4.2%	3.9%
2019-12-27	12:00 PM	GDP Growth Rate YoY Q3		4.1%	3.2%

Kosovo GDP	Last	Previous	Highest	Lowest	Unit
GDP Annual Growth Rate	4.10	4.20	10.90	-4.50	percent	[+]
GDP	7.90	7.23	7.90	1.85	USD Billion	[+]
GDP Constant Prices	6658.60	6296.90	6658.60	3616.10	EUR Million	[+]
Gross Fixed Capital Formation	1966.90	1827.20	1966.90	979.90	EUR Million	[+]
GDP per capita	4193.60	4058.80	4193.60	1920.00	USD	[+]
GDP Per Capita Ppp	10104.68	9779.86	10104.68	4626.33	USD	[+]
GDP From Agriculture	136.40	91.40	196.60	91.40	EUR Million	[+]
GDP From Construction	195.70	100.30	195.70	34.10	EUR Million	[+]
GDP From Manufacturing	220.70	123.20	234.40	91.10	EUR Million	[+]
GDP From Mining	44.80	29.50	49.60	20.90	EUR Million	[+]
GDP From Public Administration	198.10	204.50	226.00	129.40	EUR Million	[+]
GDP From Services	159.70	241.00	277.10	97.50	EUR Million	[+]
GDP From Transport	46.70	49.30	80.80	35.70	EUR Million	[+]
GDP From Utilities	79.30	57.00	79.30	31.00	EUR Million	[+]

The private sector consumption and investments are the most important factors behind economic growth in Kosovo. The country is plagued by a high rate of unemployment, it’s assumed that the shadow economy employs most of the registered unemployed. On the expenditure side, household consumption is the main component of GDP and accounts for 88 percent of its total use, followed by gross capital formation (26 percent) and government expenditure (17 percent). Exports of goods and services account for 20 percent of GDP while imports account for 51 percent, subtracting 31 percent of total GDP. Kosovo is one of the few counties outside the EU that has introduced the Euro as its official currency. This page provides the latest reported value for - Kosovo GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kosovo GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	4.10	4.20	10.90	-4.50	2006 - 2019	percent	Quarterly

Export Data API

Country	Last		Previous	Range
China	6.00	Sep/19	6.2	15.4 : 3.8	%
Indonesia	5.05	Jun/19	5.07	7.16 : 1.56	%
India	5.00	Jun/19	5.8	11.4 : -5.2	%
United States	2.30	Jun/19	2.7	13.4 : -3.9	%
South Korea	2.00	Jun/19	1.7	20.8 : -7.3	%
Spain	2.00	Jun/19	2.2	5.4 : -4.3	%
Netherlands	1.80	Jun/19	1.7	6.1 : -4.6	%
Canada	1.60	Jun/19	1.4	9.3 : -4.1	%
Australia	1.40	Jun/19	1.7	9 : -3.4	%
France	1.40	Jun/19	1.3	12.6 : -3.8	%
United Kingdom	1.30	Jun/19	2.1	9.8 : -5.8	%
Euro Area	1.20	Jun/19	1.3	5 : -5.5	%
Brazil	1.00	Jun/19	0.5	10.1 : -5.5	%
Japan	1.00	Jun/19	1	9.4 : -8.8	%
Russia	0.90	Jun/19	0.5	12.1 : -11.2	%
South Africa	0.90	Jun/19	0	7.1 : -2.6	%
Argentina	0.60	Jun/19	-5.8	16.2 : -16.3	%
Saudi Arabia	0.50	Jun/19	1.7	24.2 : -20.7	%
Germany	0.40	Jun/19	0.9	7.2 : -6.9	%
Switzerland	0.20	Jun/19	1	5.8 : -3.7	%
Singapore	0.10	Sep/19	0.1	18.6 : -7.7	%
Italy	-0.10	Jun/19	-0.1	10.3 : -7.2	%
Mexico	-0.80	Jun/19	1.2	9 : -9.1	%
Turkey	-1.50	Jun/19	-2.4	11.7 : -14.4	%