Current Account in Kosovo

Kosovo Current Account | Economic News & Forecasts

Kosovo - Current Account

Data for the third quarter suggests that the economic recovery continued, albeit at a somewhat softer pace compared to the prior quarter. Growth in remittances remained elevated on average in the period, but consumer loan growth swung to contraction. Moreover, price pressures more than doubled in the quarter compared to Q2, likely denting household spending. Turning to Q4, inflationary pressures intensified further in October. More positively, growth in goods imports picked up steam in the same month, pointing to firming domestic demand. Meanwhile, the IMF concluded its Article IV mission in the country on 5 November. The Fund applauded the government’s vaccine program and noted that continued domestic credit expansion and fiscal policy loosening will drive growth next year. On the other hand, it stated that the government should aim for more pro-growth spending.

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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