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.