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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 27.50 25.2 25.2 25.2 25.2 24 percent
Inflation Rate 0.50 2 2.2 2.1 2.2 2.6 percent
Balance of Trade -230573.00 -218288 -210445 -203381 -197165 -167700 EUR Thousand
Government Debt To GDP 15.75 16.1 16.1 16.1 16.1 19.6 percent
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 4.40
percent
3 2.9 2.7 2.4 2
GDP 6.65
USD Billion
6.6 6.6 6.6 6.78 7.45
GDP Constant Prices 6005.60
EUR Million
6009 6062 6116 6170 6515
Gross Fixed Capital Formation 1450.00
EUR Million
1378 1387 1396 1405 1225
GDP per capita 3890.07
USD
4100 4100 4100 4100 4260
GDP Per Capita Ppp 9331.69
USD
9225 9360 9496 9631 10222
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 27.50
percent
25.2 25.2 25.2 25.2 24
Unemployed Persons 102623.00
113797 118988 124005 128854 162252
Wages 450.00
EUR/Month
448 447 446 444 435
Population 1.77
Million
1.73 1.73 1.73 1.73 1.71
Youth Unemployment Rate 52.40
percent
56.51 56.58 56.65 56.72 56.51
Labor Force Participation Rate 38.70
percent
39.42 39.37 39.31 39.25 39.15
Employment Rate 28.00
percent
27.34 26.93 26.51 26.1 26.95
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 0.50
percent
2 2.2 2.1 2.2 2.6
Consumer Price Index CPI 101.80
Index Points
102 101 101 101 98.82
Producer Prices 114.30
Index Points
123 123 114 127 137
Import Prices 115.00
Index Points
116 115 115 115 112
Producer Prices Change 5.60
percent
2.9 2.9 0.93 2.6 2.3
Inflation Rate Mom 0.00
percent
0.13 0.14 0.14 0.14 0.14
Food Inflation 1.50
percent
1.57 2.01 2.44 2.74 3.02
CPI Transportation 101.10
Index Points
101 99.99 99.51 99.29 99.31
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Banks Balance Sheet 3787.53
EUR Million
3775 3769 3766 3762 3736
Loans To Private Sector 1558.50
EUR Million
1594 1603 1606 1606 1582
Central Bank Balance Sheet 1614.51
EUR Million
1598 1592 1587 1583 1537
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -230573.00
EUR Thousand
-218288 -210445 -203381 -197165 -167700
Exports 30091.00
EUR Thousand
30419 29794 29177 28627 25084
Imports 260664.00
EUR Thousand
250127 242269 234921 228342 194578
Current Account -42.20
EUR Million
-38.27 -34.18 -58.74 -68.41 -121
Current Account to GDP -10.30
percent
-8.6 -8.6 -8.6 -8.6 -6.1
Capital Flows 44.30
EUR Million
-15.68 -15.77 -24.24 -27.3 -31.81
Remittances 69.70
EUR Million
73.6 75.9 78.16 80.39 105
Terrorism Index 2.55
2.17 2.19 2.2 2.22 2.42
Foreign Direct Investment 25.20
EUR Million
33.51 38.14 42.1 45.95 85.23
External Debt 2173.50
EUR Million
2241 2247 2249 2253 2161
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt To GDP 15.75
percent
16.1 16.1 16.1 16.1 19.6
Government Budget -1.00
percent of GDP
-1 -1 -1 -1 -0.6
Government Budget Value 14.60
EUR Million
50.62 34.06 17.51 0.96 0.29
Government Spending 869.10
EUR Million
846 850 854 858 831
Government Revenues 1779.30
EUR Million
1644 1685 1726 1767 1748
Government Debt 965.36
EUR Million
996 1005 1010 1011 930
Fiscal Expenditure 1764.70
EUR Million
1629 1668 1707 1746 1668
Military Expenditure 52.00
USD Million
51.55 51.21 50.87 50.53 31.36
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Changes in Inventories 146.50
EUR Million
143 141 139 137 136
Industrial Production 4.00
percent
7.09 7.44 -6.32 -2.21 4.12
Mining Production 46.20
percent
12.1 -6.16 10.36 11.6 8.5
Corruption Index 36.00
Points
33 34 34 35 32
Corruption Rank 95.00
103 102 102 102 107
Ease Of Doing Business 40.00
56.39 55.69 54.99 54.29 56.57
Electricity Production 1316.80
Gigawatt-hour
1584 1592 1424 1685 1709
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Spending 5202.10
EUR Million
5284 5383 5482 5581 6089
Consumer Credit 890.50
EUR Million
905 910 913 913 893
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Personal Income Tax Rate 10.00
percent
10 10 10 10 10
Sales Tax Rate 18.00
percent
18 18 18 18 16
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