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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 26.50 29 28.5 27 27 24 percent
Inflation Rate 0.80 2.1 2.2 1.5 1.6 2.6 percent
Balance of Trade -277818.00 -214500 -268500 -231600 -216500 -266600 EUR Thousand
Government Debt To GDP 16.63 16.1 16.1 18.8 18.8 19.6 percent
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 3.50
percent
2.7 2.4 3.7 3.7 2
GDP 7.13
USD Billion
6.8 6.8 7.1 7.1 7.5
GDP Constant Prices 6296.90
EUR Million
6125 6448 6267 6530 6702
Gross Fixed Capital Formation 1827.20
EUR Million
1745 1871 1785 1895 1945
GDP per capita 4068.21
USD
4100 4100 4190 4190 4260
GDP Per Capita Ppp 9795.83
USD
9800 9800 10200 10200 10700
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 26.50
percent
29 28.5 27 27 24
Unemployed Persons 102623.00
102695 102695 102695 102695 102695
Wages 476.00
EUR/Month
460 468 465 477 480
Population 1.78
Million
1.73 1.73 1.81 1.82 1.71
Youth Unemployment Rate 54.00
percent
55.38 56.34 55.53 55.76 56.11
Labor Force Participation Rate 39.20
percent
37.09 37.66 37.42 37.58 37.51
Employment Rate 28.80
percent
29.03 29.17 28.87 28.86 28.89
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 0.80
percent
2.1 2.2 1.5 1.6 2.6
Consumer Price Index CPI 102.30
Index Points
103 104 104 104 109
Producer Prices 114.40
Index Points
117 118 118 120 124
Import Prices 116.00
Index Points
116 116 116 116 116
Producer Prices Change 0.20
percent
2.5 2.6 3 3.38 2.3
Inflation Rate Mom 0.10
percent
0.02 0.01 0.01 0.03 0.02
Food Inflation 0.90
percent
1.17 1.19 1.18 1.18 1.18
Cpi Housing Utilities 97.30
Index Points
100 102 101 99.82 100
CPI Transportation 105.10
Index Points
103 103 104 107 109
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Banks Balance Sheet 3873.67
EUR Million
3951 4005 4059 4113 4652
Loans To Private Sector 1626.30
EUR Million
1677 1706 1734 1762 2020
Central Bank Balance Sheet 1627.86
EUR Million
1612 1618 1619 1618 1618
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -277818.00
EUR Thousand
-214500 -268500 -231600 -216500 -266600
Exports 32808.00
EUR Thousand
35700 30600 33600 42400 34900
Imports 310625.00
EUR Thousand
250200 299100 265200 258900 301500
Current Account -85.90
EUR Million
-73.41 -70.89 -71.98 -72.01 -71.88
Current Account to GDP -10.30
percent
-8.6 -8.6 -7.2 -7.2 -6.1
Capital Flows -67.70
EUR Million
-47.33 -54.39 -52.71 -55.77 -54.18
Remittances 62.20
EUR Million
80.66 81.92 80.92 79.73 79.19
Terrorism Index 2.55
2.2 2.22 2.26 2.31 2.3
Foreign Direct Investment 19.40
EUR Million
17.56 17.41 17.42 17.41 17.41
External Debt 2091.60
EUR Million
2121 2155 2173 2169 2238
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt To GDP 16.63
percent
16.1 16.1 18.8 18.8 19.6
Government Budget -0.90
percent of GDP
-1 -1 -1.61 -1.7 -0.6
Government Budget Value 85.00
EUR Million
36.81 56.52 50.01 56.51 140
Government Spending 847.70
EUR Million
849 868 869 879 902
Government Revenues 1921.20
EUR Million
1865 1892 1895 1899 1902
Government Debt 1028.47
EUR Million
1083 1110 1136 1161 1389
Fiscal Expenditure 1836.20
EUR Million
1828 1848 1845 1842 1762
Military Expenditure 55.70
USD Million
54.31 55.3 54.73 54.17 41.84
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Changes in Inventories 113.10
EUR Million
154 165 156 147 164
Industrial Production 3.20
percent
-7.32 -4.88 -2.73 -2.03 0.35
Mining Production 31.30
percent
37.13 27.06 28.73 29.98 27.98
Corruption Index 39.00
Points
39 40 40 40 40
Corruption Rank 85.00
84 83 82 81 80
Ease Of Doing Business 40.00
54.99 54.29 54.79 55.29 56.61
Electricity Production 1657.50
Gigawatt-hour
1424 1685 1538 1585 1709
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 5198.00
EUR Million
5365 5323 5490 5390 5532
Consumer Credit 933.50
EUR Million
973 995 1017 1039 1251
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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