Kosovo - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Kosovo including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Kosovo economy.


Overview Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 30.60 29 29 28.5 27 24 percent
Inflation Rate 0.40 2.2 2.1 2.2 2.6 2.6 percent
Balance of Trade -244786.00 -217200 -214500 -268500 -231600 -266600 EUR Thousand
Government Debt To GDP 16.63 16.1 16.1 16.1 18.8 19.6 percent
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 3.20
percent
2.9 2.7 2.4 3.9 2
GDP 6.65
USD Billion
6.6 6.6 6.78 7.02 7.45
GDP Constant Prices 6005.60
EUR Million
6093 6087 6334 6240 6584
Gross Fixed Capital Formation 1608.20
EUR Million
1471 1470 1529 1507 1590
GDP per capita 3890.07
USD
4100 4100 4100 4190 4260
GDP Per Capita Ppp 9331.69
USD
9360 9496 9631 10222 10367
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 30.60
percent
29 29 28.5 27 24
Unemployed Persons 102623.00
102258 102258 102258 102258 102258
Wages 476.00
EUR/Month
465 460 468 465 480
Population 1.77
Million
1.73 1.73 1.73 1.84 1.71
Youth Unemployment Rate 55.90
percent
53.36 53.36 53.36 53.36 53.36
Labor Force Participation Rate 42.90
percent
42.56 42.55 42.54 42.46 42.48
Employment Rate 29.80
percent
28.09 27.38 26.81 26.49 27.52
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 0.40
percent
2.2 2.1 2.2 2.6 2.6
Consumer Price Index CPI 102.40
Index Points
103 103 104 105 109
Producer Prices 115.50
Index Points
116 117 118 119 124
Import Prices 116.00
Index Points
116 116 117 117 117
Producer Prices Change 1.60
percent
1.8 2.5 2.6 3 2.3
Inflation Rate Mom 0.00
percent
0.12 0.12 0.12 0.12 0.12
Food Inflation 0.30
percent
0.41 0.43 0.43 0.43 0.43
CPI Transportation 102.50
Index Points
101 103 103 103 109
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Banks Balance Sheet 3872.91
EUR Million
3923 3927 3927 3925 3890
Loans To Private Sector 1577.10
EUR Million
1621 1645 1670 1694 1936
Central Bank Balance Sheet 1654.39
EUR Million
1650 1642 1638 1640 1641
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -244786.00
EUR Thousand
-217200 -214500 -268500 -231600 -266600
Exports 25535.00
EUR Thousand
40200 35700 30600 33600 34900
Imports 270321.00
EUR Thousand
257400 250200 299100 265200 301500
Current Account -7.40
EUR Million
-10.3 -10.3 -10.3 -10.3 -10.3
Current Account to GDP -10.30
percent
-8.6 -8.6 -8.6 -7.2 -6.1
Capital Flows 49.50
EUR Million
40.8 29.95 28.74 -23.07 -12.03
Remittances 55.30
EUR Million
75.9 78.16 80.39 82.58 105
Terrorism Index 2.55
2.19 2.2 2.22 2.26 2.3
Foreign Direct Investment 25.40
EUR Million
28.06 27.24 27.71 27.51 27.58
External Debt 2091.60
EUR Million
2174 2174 2174 2174 2174
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt To GDP 16.63
percent
16.1 16.1 16.1 18.8 19.6
Government Budget -0.90
percent of GDP
-1 -1 -1 -0.59 -0.6
Government Budget Value 14.60
EUR Million
15.21 12.17 108 34.4 407
Government Spending 869.10
EUR Million
882 881 917 903 953
Government Revenues 1779.30
EUR Million
1683 1719 1756 1781 2030
Government Debt 996.42
EUR Million
1040 1064 1087 1110 1326
Fiscal Expenditure 1764.70
EUR Million
1668 1707 1746 1746 1622
Military Expenditure 55.70
USD Million
51.74 52.21 52.68 52.29 53.74
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Changes in Inventories 113.10
EUR Million
141 139 137 144 136
Industrial Production 3.20
percent
-1.45 -7.32 -4.88 -2.73 0.35
Mining Production 31.30
percent
3.12 10.93 6.39 7.33 10.17
Corruption Index 39.00
Points
39 39 39 39 39
Corruption Rank 85.00
85 85 85 85 85
Ease Of Doing Business 40.00
40 40 40 40 40
Electricity Production 1131.60
Gigawatt-hour
1592 1424 1685 1458 1709
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Spending 5202.10
EUR Million
5278 5272 5487 5405 5703
Consumer Credit 903.60
EUR Million
910 913 913 913 893
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Personal Income Tax Rate 10.00
percent
10 10 10 10 10
Sales Tax Rate 18.00
percent
18 18 18 18 18
Social Security Rate 10.00
percent
10 10 10 10 10
Social Security Rate For Companies 5.00
percent
5 5 5 5 5
Social Security Rate For Employees 5.00
percent
5 5 5 5 5
Corporate Tax Rate 10.00
percent
10 10 10 10 10