Kosovo’s gross domestic product expanded 3.8 percent year-on-year in the fourth quarter of 2018, following a 3.4 percent growth in the previous period. Government expenditure rebounded (1.1 percent from -4.6 percent in Q3) and net trade contributed positively to growth, as exports increased 7.2 percent (from -8.0 percent in Q3) while imports rose at a softer 4.4 percent (from 8.4 percent in Q3). On the other hand, output advanced at a softer pace for gross capital formation (9.2 percent from 24.6 percent) and household´s consumption (2.3 percent from 8.4 percent). Considering full 2018, gross domestic product advanced 3.9 percent, compared to a 3.7 percent growth in 2017. GDP Annual Growth Rate in Kosovo averaged 3.72 percent from 2006 until 2018, reaching an all time high of 10.90 percent in the first quarter of 2011 and a record low of -4.50 percent in the first quarter of 2012.

GDP Annual Growth Rate in Kosovo is expected to be 3.00 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 4.10 in 12 months time. In the long-term, the Kosovo GDP Annual Growth Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

Kosovo GDP Annual Growth Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-06-28 12:40 PM GDP Growth Rate YoY 3.5% 3.2% 4%
2018-09-28 02:00 PM GDP Growth Rate YoY 4.7% 3.5% 3.2%
2018-12-28 02:55 PM GDP Growth Rate YoY 3.4% 4.7% 3.1%
2019-04-04 12:30 PM GDP Growth Rate YoY 3.8% 3.4% 2.5%
2019-06-28 11:00 AM GDP Growth Rate YoY 3.8% 2%
2019-09-30 11:00 AM GDP Growth Rate YoY 3%
2019-12-27 12:00 PM GDP Growth Rate YoY 3.2%


Kosovo GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.80 3.40 10.90 -4.50 percent [+]
GDP 7.13 6.72 7.39 1.85 USD Billion [+]
GDP Constant Prices 6296.90 6043.40 6296.90 3616.10 EUR Million [+]
Gross Fixed Capital Formation 1827.20 1721.30 1827.20 979.90 EUR Million [+]
GDP per capita 4068.21 3925.38 4068.21 1919.84 USD [+]
GDP Per Capita Ppp 9795.83 9451.91 9795.83 4622.77 USD [+]
GDP From Agriculture 164.80 136.10 196.60 94.40 EUR Million [+]
GDP From Construction 118.20 148.40 153.20 34.10 EUR Million [+]
GDP From Manufacturing 208.30 234.00 234.00 91.10 EUR Million [+]
GDP From Mining 29.50 41.90 49.60 20.90 EUR Million [+]
GDP From Public Administration 204.50 194.50 226.00 129.40 EUR Million [+]
GDP From Services 241.00 277.10 277.10 97.50 EUR Million [+]
GDP From Transport 49.30 73.20 80.80 35.70 EUR Million [+]
GDP From Utilities 57.00 57.30 74.20 31.00 EUR Million [+]


Kosovo GDP Annual Growth Rate

The private sector consumption and investments are the most important factors behind economic growth in Kosovo. The country is plagued by a high rate of unemployment, it’s assumed that the shadow economy employs most of the registered unemployed. On the expenditure side, household consumption is the main component of GDP and accounts for 88 percent of its total use, followed by gross capital formation (26 percent) and government expenditure (17 percent). Exports of goods and services account for 20 percent of GDP while imports account for 51 percent, subtracting 31 percent of total GDP. Kosovo is one of the few counties outside the EU that has introduced the Euro as its official currency. 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 - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.80 3.40 10.90 -4.50 2006 - 2018 percent Quarterly




Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.18 Dec/18
Saudi Arabia 3.60 Dec/18
South Korea 3.10 Dec/18
United States 3.00 Dec/18
Russia 2.70 Dec/18
Australia 2.30 Dec/18
Spain 2.30 Dec/18
Netherlands 2.20 Dec/18
Mexico 1.70 Dec/18
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
United Kingdom 1.40 Dec/18
Singapore 1.30 Mar/19
Brazil 1.10 Dec/18
Euro Area 1.10 Dec/18
South Africa 1.10 Dec/18
France 1.00 Dec/18
Germany 0.60 Dec/18
Japan 0.30 Dec/18
Italy 0.00 Dec/18
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


Related

Latest