
Trade Finance In Wartime
The huge drop-off in trade involving Russia and Ukraine has hit trade finance hard.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Kosovo economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Kosovo best banks and safest banks are also available.
The region battled continuing recession or, at best, slow growth, a tightening regulatory environment and country-specific banking taxes or fines for past misdemeanors.
USD 1.10 billion (2020)
World Bank, last updated 12/16/2021
USD 8.96 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
USD 22.54 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
2017 | 2018 | 2019 | 2020 | 2021 |
4.2% | 3.8% | 4.9% | -5.3.% | 6.0%* |
*Estimate
USD 4,986.26 (2021 estimate)
IMF - World Economic Outlook, October 2021
USD 12,545.74 (2021 estimate)
IMF - World Economic Outlook, October 2021
(2009 estimate)
2017 | 2018 | 2019 | 2020* | 2021* |
1.5% | 1.1% | 2.7% | 0.2% | 3.1% |
*Estimate
2017 | 2018 | 2019 | 2020 | 2021* |
30.5% | 29.6% | 25.7% | 25.6% | N/A |
*Estimate
2017 | 2018 | 2019 | 2020 | 2021* |
16.2% | 17% | 17.6% | 24.1% | 25.8% |
*Estimate
2017 | 2018 | 2019 | 2020 | 2021* |
–1.2% | –2.6% | –2.6% | -7.5% | –4.4% |
*Estimate
Standard & Poor's: N/A
Moody's: N/A
Standard & Poor's / Moody's (Updated January 2017)
USD -0.71 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
-7.9% (2021 estimate)
IMF - World Economic Outlook, October 2021
21.7% (2020)
World Bank - World Development Indicators (updated Feb 2022)
N/A
0.02% (2020)
Mining and processed metal products, scrap metals, leather products, machinery, appliances, prepared foodstuffs, beverages and tobacco, vegetable products, textiles and apparel
Foodstuffs, livestock, wood, petroleum, chemicals, machinery, minerals, textiles, stone, ceramic and glass products, electrical equipment
Albania 16%, India 14%, North Macedonia 12.1%, Serbia 10.6%, Switzerland 5.6%, Germany 5.4% (2017)
Germany 12.4%, Serbia 12.3%, Turkey 9.6%, China 9.1%, Italy 6.4%, North Macedonia 5.1%, Albania 5%, Greece 4.4% (2017)
N/A
N/A
N/A
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 57 out of 190 countries (2017)
Subcategories:
Starting a Business: 12 out of 190 countries
Dealing with Construction Permits: 160 out of 190 countries
Getting Electricity: 90 out of 190 countries
Registering Property: 37 out of 190 countries
Getting Credit: 15 out of 190 countries
Protecting Minority Investors: 128 out of 190 countries
Paying Taxes: 48 out of 190 countries
Trading across Borders: 31 out of 190 countries
Enforcing Contracts: 53 out of 190 countries
Resolving Insolvency: 48 out of 190 countries
World Bank - Doing Business 2020
Ranking: 86 / Score: 60.1 (Moderately Free)
The Heritage Foundation - 2022 Index of Economic Freedom
Albanian (official) 94.5%, Bosnian 1.7%, Serbian (official) 1.6%, Turkish 1.1%, other 0.9% (includes Romani), unspecified 0.1%; note - in municipalities where a community's mother tongue is not one of Kosovo's official languages, the language of that community may be given official status according to the 2006 Law on the Use of Languages (2011 est.)
Muslim 95.6%, Roman Catholic 2.2%, Orthodox 1.5%, other 0.1%, none 0.1%, unspecified 0.6% (2011 est.)
1980 | 1990 | 2000 | 2015 | 2020 |
1.9 million | 1.7 million | 1.8 million | 1.8 million | 1.8 million |
3.6% (last available estimate, 2017)
29.0 (last available estimate, 2017)
(0=perfect equality, 100=absolute inequality)
Total score: 56/100
Status: Partly Free
Political Rights: 25/40
Civil Liberties: 31/60 (2022)
(1 represents the most free, 7 the least free rating)