The Gross Domestic Product (GDP) in Kosovo expanded 4.87 percent in the first quarter of 2022 over the same quarter of the previous year. source: Kosovo Agency of Statistics

GDP Annual Growth Rate in Kosovo averaged 3.66 percent from 2006 until 2022, reaching an all time high of 16.77 percent in the second quarter of 2021 and a record low of -12.73 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 July of 2022.

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. In the long-term, the Kosovo GDP Annual Growth Rate is projected to trend around 4.20 percent in 2023 and 2.00 percent in 2024, according to our econometric models.

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Kosovo GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-17 09:00 AM Q4 6.36% 14.53% 15%
2022-06-15 02:00 PM Q1 4.87% 6.36% 5.5%
2022-09-15 02:30 PM Q2 4.87%


Related Last Previous Unit Reference
GDP Annual Growth Rate 4.87 6.36 percent Mar 2022
GDP Constant Prices 7484.50 6679.35 EUR Million Dec 2021
Gross Fixed Capital Formation 2011.59 2190.42 EUR Million Dec 2020
GDP From Utilities 55.90 51.25 EUR Million Dec 2021
GDP From Transport 77.50 118.95 EUR Million Dec 2021
GDP From Services 277.89 329.62 EUR Million Dec 2021
GDP From Public Administration 104.30 110.49 EUR Million Dec 2021
GDP From Mining 31.34 33.49 EUR Million Dec 2021
GDP From Manufacturing 264.40 287.85 EUR Million Dec 2021
GDP From Construction 146.60 150.80 EUR Million Dec 2021
GDP From Agriculture 136906.00 130524.00 EUR Million Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.87 6.36 16.77 -12.73 2006 - 2022 percent Quarterly

News Stream
Kosovo Q4 GDP Growth Slows to 6.36%
Kosovo’s GDP advanced 6.36 percent year-on-year in the fourth quarter of 2021, easing from a 14.53 percent growth in the previous period, driven by a slowdown in government spending (4.46 percent vs 4.63 percent). At the same time net foreign trade contributed negatively to the growth as exports decreased at a faster rate (33.38 percent vs 147.42 percent in Q3) than imports (17.09 percent vs 44.39 percent). Meanwhile, household consumption (9.35 percent vs 1.41 percent) and gross capital formation (0.79 percent vs 0.14 percent) advanced faster. Considering the full 2021, the economy grew 10.53 percent.
2022-03-17
Kosovo Economy Grows 14.5% in Q3
Kosovo’s GDP advanced 14.5 percent year-on-year in the third quarter of 2021, following an upwardly revised record of 16.8 percent rise in the previous period. Gross capital formation (0.14 percent vs 33.5 percent in Q2), government spending (4.6 percent vs 8.3 percent), and household consumption (4.6 percent vs 8.3 percent) expanded at a softer pace. Meanwhile, net external demand contributed positively to growth as total exports jumped 147.4 percent (vs 126.66 percent in Q2) while imports rose at a slower 44.4 percent (vs 53.8 percent in Q2).
2021-12-23
Kosovo Sees Record Growth in Q2
Kosovo’s GDP advanced at a record 16.3 percent year-on-year in the second quarter of 2021, following a downwardly revised 4.2 percent rise in the previous period, on the back of large favourable base effects from the pandemic shock last year. Net external demand contributed significantly to growth as total exports jumped 127 percent (vs 13.3 percent in Q1) while imports rose at a slower 53.7 percent (vs 18.4 percent in Q1). At the same time, gross capital formation (31.2 percent vs 14.6 percent) and household consumption (15 percent vs 4.1 percent) expanded solidly. Meanwhile, government spending slowed (9.2 percent vs 22.7 percent).
2021-09-28