Current Account in Kosovo

Kosovo Current Account | Economic News & Forecasts

Kosovo - Current Account

The economy likely remained in a tough spot in the third quarter, following a sharp GDP contraction in the second. Rising coronavirus cases pushed the government to reintroduce some restrictive measures in early July, which likely weighed on activity throughout Q3. Merchandise exports in value terms contracted in the period, while merchandise imports grew only marginally, suggesting that domestic demand remained downbeat. More positively, however, consumer loans grew at a rapid pace in the quarter, while remittance inflows gained traction in July–August. This, coupled with falling prices, will have buttressed household spending. Meanwhile, some restrictive measures were softened in late September as the number of new cases eased, which should support activity in the final quarter of the year.

Kosovo - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-8.5  -7.9  -5.2  -7.6  -     

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Kosovo Current Account Chart

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

Kosovo Facts

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

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