Kosovo Economic Outlook
September 4, 2018While the economic narrative remains positive, with solid domestic demand supporting growth, economic imbalances continue to mount. Exports contracted in July on weaker metal shipments. Meanwhile, imports expanded briskly, further widening the trade deficit, which could exacerbate an already sizeable current account deficit. On the political scene, Serbian President Aleksandar Vucic and Kosovo President Hashim Thaçi met to discuss a long-standing border dispute. While details of the talks are still unknown, proponents are hailing it as an encouraging step towards a final deal between the two countries, whereas critics fear the plan could result in a redrawing along ethnic lines.
Kosovo Economic GrowthThe domestic economy is expected to drive growth this year. Private consumption should recover notably, supported by healthy remittance inflows and favorable credit conditions, while spending on infrastructure projects should buoy fixed investment. However, growing twin deficits pose downside risks to growth. Met the why particular panelists project GDP to expand 4.1% in 2018, which is unchanged from last month’s estimate, and 4.2% in 2019.
Kosovo Economy Data
|GDP per capita (USD)||3,808||4,205||3,600||3,724||3,932|
|GDP per capita (EUR)||2,930||3,071||3,231||3,352||3,479|
|GDP (USD bn)||6.9||7.6||6.5||6.7||7.1|
|GDP (EUR bn)||5.3||5.6||5.8||6.1||6.3|
|Economic Growth (GDP, annual variation in %)||3.4||1.2||4.1||4.1||3.7|
|Fiscal Balance (% of GDP)||-3.1||-2.4||-1.8||-1.2||-|
|Public Debt (% of GDP)||8.9||11.5||12.9||14.0||15.9|
|Inflation Rate (CPI, annual variation in %)||1.8||0.4||-0.5||0.3||1.5|
|Current Account (% of GDP)||-6.5||-7.4||-9.0||-||-|
|Current Account Balance (EUR bn)||-0.2||-0.4||-0.5||-0.5||-0.4|
|Trade Balance (EUR billion)||-2.0||-2.1||-2.1||-2.3||-2.7|
|Exports (EUR billion)||0.3||0.3||0.3||0.3||0.4|
|Imports (USD billion)||3.2||3.5||2.9||3.1||3.5|
|Imports (EUR billion)||2.3||2.4||2.4||2.6||2.8|
|Exports (annual variation in %)||3.4||11.3||-0.6||-4.5||22.8|
|Imports (annual variation in %)||-1.9||4.2||2.1||6.9||17.3|
|International Reserves (EUR)||0.7||0.6||0.7||0.7||0.9|
5 years of Kosovo economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||5.11||0.0 %||Jul 31|
|Exchange Rate||1.18||0.65 %||Sep 20|
|Stock Market||0.1||0.0 %||Sep 20|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.