Current Account in Kosovo

Kosovo Current Account | Economic News & Forecasts

Kosovo - Current Account

Growth was likely strong in the second quarter, as robust family remittances in April–May and healthy annual consumer credit growth in June should have supported household spending, while government consumption likely also provided support. Turning to the third quarter, the external sector had a good start, with July’s merchandise exports surging. Meanwhile, in late August, Kosovo’s president called for snap elections for 6 October, after Parliament voted to dissolve itself following the resignation of Ramush Haradinaj as prime minister. Recent polls suggest no party will form a majority; as a result, protracted collation talks will likely follow, which could weigh on business sentiment. Ongoing tensions with Serbia, which show no sign of abating, could also rattle firms’ confidence.

Kosovo - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-3.5  -6.6  -8.5  -7.9  -6.3  

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Kosovo Current Account Chart

Kosovo Current Account
Note: Current account balance as % of GDP.
Source: World Bank

Kosovo Facts

Bond Yield5.360.0 %Jun 30
Exchange Rate1.100.65 %Sep 04
Stock Market0.10.0 %Sep 04

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