Current Account in Kosovo

Kosovo Current Account | Economic News & Forecasts

Kosovo - Current Account

Economic growth accelerated in the third quarter of 2019 thanks to a strong rebound in private consumption and a significant recovery in public outlays. Specifically, household expenditure likely benefited from strong consumer loans growth and accelerating remittances growth in the quarter. Meanwhile, data for the fourth quarter showed that consumer loans growth slowed to a five-month low in October, suggesting that household spending could have softened in the quarter. In better news, exports rebounded notably in November from a poor October. Meanwhile, in the political area, Vetëvendosje and the Democratic League are inching closer to forming a new government after a tumultuous negotiating period. A nominee for the prime ministerial post is expected soon, while details on the coalition agreement remain outstanding.

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 Yield4.740.0 %Nov 30
Exchange Rate1.120.65 %Dec 31
Stock Market0.10.0 %Jan 07

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