Kosovo’s gross domestic product expanded 3.4 percent year-on-year in the third quarter of 2018, following a 4.7 percent growth in the previous period. Government expenditure shrank 4.6 percent, after rising 4.7 percent in the second quarter. On the other hand, both household consumption (8.4 percent from 4.4 percent in Q2) and fixed investment (24.6 percent from 12.2 percent) advanced faster. Meanwhile, net trade contributed negatively to growth, as exports fell 8 percent (from 12 percent in Q2) while imports rose 8.4 percent (from 11.7 percent in Q2). GDP Annual Growth Rate in Kosovo averaged 3.71 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 2.50 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 1.80 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.