Kosovo Economic Outlook
February 6, 2018The economy likely maintained a steady course of growth in the last quarter, following a solid 4.4% expansion in the third quarter. Double-digit growth in remittances and solid FDI inflows up to November, solid export growth in the October-to-December period and healthy credit growth to both firms and households all paint a bright picture of the economy in Q4. In the political arena, the government submitted in late January the Economic Reform Program to the EU Special Representative in Kosovo. The program identifies concrete measures for structural reforms in nine priority areas to be implemented by 2020, and its fulfilment is a key requirement for the country’s accession to the EU.
Kosovo Economic GrowthEconomic growth will benefit this year from ample infrastructure and energy investment, solid remittance inflows and a strengthening external sector. FocusEconomics panelists see GDP growth of 4.1% in 2018, which is unchanged from last month’s estimate. For 2019, our panel also sees growth of 4.1%.
Kosovo Economy Data
|GDP per capita (USD)||3,557||3,809||3,983||3,578||-|
|GDP per capita (EUR)||2,803||2,930||3,070||3,211||-|
|GDP (USD bn)||6.4||6.9||7.2||6.4||-|
|GDP (EUR bn)||5.1||5.3||5.6||5.8||-|
|Economic Growth (GDP, annual variation in %)||2.8||3.4||1.2||4.0||3.4|
|Fiscal Balance (% of GDP)||-2.6||-3.1||-2.6||-1.9||-|
|Public Debt (% of GDP)||15.9||16.2||16.7||19.2||-|
|Inflation Rate (CPI, annual variation in %)||2.5||1.8||0.4||-0.5||0.3|
|Current Account (% of GDP)||-7.5||-6.5||-7.8||-9.1||-|
|Current Account Balance (EUR bn)||-0.4||-0.3||-0.4||-0.5||-|
|Trade Balance (EUR billion)||-2.2||-2.2||-2.2||-2.3||-2.5|
|Exports (EUR billion)||0.3||0.3||0.3||0.3||0.3|
|Imports (USD billion)||3.2||3.2||3.5||2.9||3.1|
|Imports (EUR billion)||2.5||2.4||2.5||2.6||2.8|
|Exports (annual variation in %)||-13.5||6.5||10.5||0.0||-4.6|
|Imports (annual variation in %)||0.6||-2.4||3.6||3.8||5.8|
|International Reserves (EUR)||0.7||0.7||0.6||0.7||0.7|
5 years of Kosovo economic forecasts for more than 30 economic indicators.
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|Bond Yield||4.93||0.0 %||Dec 31|
|Exchange Rate||1.24||0.65 %||Feb 14|
|Stock Market||0.1||0.0 %||Feb 14|
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