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). source: Kosovo Agency of Statistics
GDP Annual Growth Rate in Kosovo averaged 3.55 percent from 2006 until 2021, reaching an all time high of 16.28 percent in the second quarter of 2021 and a record low of -7.10 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 October of 2021.
GDP Annual Growth Rate in Kosovo is expected to be 5.80 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 2022 and 2.00 percent in 2023, according to our econometric models.