Kosovo’s GDP grew 0.7 percent year-on-year in the fourth quarter of 2020, after a 7.3 percent contraction in the previous period. Household consumption advanced 3.8 percent (vs 16.92 percent in Q3) and government expenditure went up 3.12 percent (vs 5.99 percent) while gross fixed capital formation shrank 10.94 percent (vs -10.18 percent). Meantime, foreign demand contributed positively to growth, as exports rose 11.16 percent (vs -51.91 percent in Q3) while imports rose at a softer 3.68 percent (vs -13.51 percent). source: Kosovo Agency of Statistics
GDP Annual Growth Rate in Kosovo averaged 3.09 percent from 2006 until 2020, reaching an all time high of 10.90 percent in the first quarter of 2011 and a record low of -9.30 percent in the second quarter of 2020. This page provides the latest reported value for - Kosovo GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kosovo GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
GDP Annual Growth Rate in Kosovo is expected to be 6.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Kosovo to stand at 5.20 in 12 months time. In the long-term, the Kosovo GDP Annual Growth Rate is projected to trend around 5.20 percent in 2022 and 2.00 percent in 2023, according to our econometric models.