Kosovo | Economic Forecasts | 2017-2020 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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 27.50 26.4 25.2 25.2 25.2 24 percent [+]
Inflation Rate 0.90 1.9 2 2.2 2.1 2.6 percent [+]
Balance of Trade -238075.00 -229370 -217074 -209334 -202285 -166905 EUR Thousand [+]
Government Debt To GDP 15.75 15.5 16.1 16.1 16.1 19.6 percent [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 4.60 3.2 3 2.9 2.7 2 percent [+]
GDP 6.65 6.57 6.37 6.15 5.92 7.45 USD Billion [+]
GDP Constant Prices 6005.60 6170 6224 6279 6333 6515 EUR Million [+]
Gross Fixed Capital Formation 1450.00 1405 1414 1422 1431 1225 EUR Million [+]
GDP per capita 3890.07 4010 4100 4100 4100 4260 USD [+]
GDP Per Capita Ppp 9331.69 9631 9685 9738 9792 10222 USD [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 27.50 26.4 25.2 25.2 25.2 24 percent [+]
Unemployed Persons 102623.00 108437 113797 118988 124005 162252 [+]
Wages 450.00 449 448 447 446 435 EUR/Month [+]
Population 1.77 1.75 1.73 1.73 1.73 1.71 Million [+]
Youth Unemployment Rate 52.40 56.72 56.67 56.61 56.55 56.51 percent [+]
Labor Force Participation Rate 38.70 39.25 39.22 39.19 39.16 39.15 percent [+]
Employment Rate 28.00 26.1 26.38 26.66 26.94 26.95 percent [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 0.90 1.9 2 2.2 2.1 2.6 percent [+]
Consumer Price Index CPI 101.80 102 101 101 101 99.22 Index Points [+]
Producer Prices 114.30 121 123 123 112 137 Index Points [+]
Import Prices 115.00 113 113 113 113 110 Index Points [+]
Producer Prices Change 5.60 3.6 2.9 2.9 0.58 2.3 percent [+]
Inflation Rate Mom 0.10 0.12 0.14 0.13 0.13 0.13 percent [+]
Food Inflation 2.10 1.66 2.19 2.6 2.86 3.05 percent [+]
CPI Transportation 100.60 100 99.38 98.79 98.78 99.26 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Banks Balance Sheet 3780.62 3792 3785 3780 3777 3747 EUR Million [+]
Loans To Private Sector 1519.10 1526 1529 1529 1528 1509 EUR Million [+]
Central Bank Balance Sheet 1724.41 1729 1727 1723 1719 1681 EUR Million [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -238075.00 -229370 -217074 -209334 -202285 -166905 EUR Thousand [+]
Exports 34055.00 33612 32984 32286 31665 27129 EUR Thousand [+]
Imports 272129.00 263653 251456 243426 235969 194835 EUR Thousand [+]
Current Account 183.50 -26.15 -43.76 -56.45 -71.07 -118 EUR Million [+]
Current Account to GDP -10.30 -9.2 -8.6 -8.6 -8.6 -6.1 percent [+]
Capital Flows 115.80 -19.93 -18.1 -25.81 -27.84 -31.96 EUR Million [+]
Remittances 71.00 64.14 66.57 68.97 71.34 91.1 EUR Million [+]
Terrorism Index 2.55 2.33 2.34 2.34 2.35 2.36 [+]
Foreign Direct Investment 27.90 31.1 35.14 39.32 43.41 75.85 EUR Million [+]
External Debt 2173.50 2092 2086 2078 2071 1930 EUR Million [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt To GDP 15.75 15.5 16.1 16.1 16.1 19.6 percent [+]
Government Budget -1.00 -1.2 -1 -1 -1 -0.6 percent of GDP [+]
Government Budget Value 14.60 0.96 -18.95 -38.87 -58.78 0.29 EUR Million [+]
Government Spending 869.10 858 856 853 851 831 EUR Million [+]
Government Revenues 1779.30 1767 1783 1799 1815 1748 EUR Million [+]
Government Debt 965.36 989 996 1005 1010 930 EUR Million [+]
Fiscal Expenditure 1764.70 1746 1746 1747 1747 1668 EUR Million [+]
Military Expenditure 52.00 50.53 49.28 48.03 46.78 31.36 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Changes in Inventories 146.50 137 144 151 158 136 EUR Million [+]
Industrial Production 4.00 8.25 7.09 7.44 -6.32 4.12 percent [+]
Mining Production 46.20 14.56 12.1 -6.16 10.36 8.5 percent [+]
Corruption Index 36.00 35 34 34 33 32 Points [+]
Corruption Rank 95.00 102 103 105 107 107 [+]
Ease Of Doing Business 40.00 63.88 63.51 63.14 62.77 62.75 [+]
Electricity Production 1316.80 1452 1584 1592 1424 1709 thousand tons,PP, GWh [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Spending 5202.10 5581 5605 5630 5654 6089 EUR Million [+]
Consumer Credit 877.30 889 894 897 898 883 EUR Million [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Personal Income Tax Rate 10.00 10 10 10 10 10 percent [+]
Sales Tax Rate 18.00 18 17.5 17.25 17 16 percent [+]
Social Security Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate For Companies 5.00 5 5 5 5 5 percent [+]
Social Security Rate For Employees 5.00 5 5 5 5 5 percent [+]
Corporate Tax Rate 10.00 10 10 10 10 10 percent [+]