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The region battled continuing recession or, at best, slow growth, a tightening regulatory environment and country-specific banking taxes or fines for past misdemeanors.
Kosovo GDP and Economic Data
Includes Kosovo real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
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.
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International Reserves
USD 1.10 billion (2020)
World Bank, last updated 12/16/2021
Gross Domestic Product - GDP
USD 8.96 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
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GDP (Purchasing Power Parity)
USD 22.54 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
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Real GDP growth
| 2017 | 2018 | 2019 | 2020 | 2021 |
| 4.2% | 3.8% | 4.9% | -5.3.% | 6.0%* |
*Estimate
Source
GDP per capita - current prices
USD 4,986.26 (2021 estimate)
IMF - World Economic Outlook, October 2021
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GDP per capita - PPP
USD 12,545.74 (2021 estimate)
IMF - World Economic Outlook, October 2021
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GDP - composition by sector
- agriculture: 7.6%
- industry: 25.8%
- services: 44.2%
(2009 estimate)
Inflation
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 1.5% | 1.1% | 2.7% | 0.2% | 3.1% |
*Estimate
Source
Unemployment rate
| 2017 | 2018 | 2019 | 2020 | 2021* |
| 30.5% | 29.6% | 25.7% | 25.6% | N/A |
*Estimate
Source
Public debt (General government gross debt as a % of GDP)
| 2017 | 2018 | 2019 | 2020 | 2021* |
| 16.2% | 17% | 17.6% | 24.1% | 25.8% |
*Estimate
Source
Public deficit (General government net lending/borrowing as a % of GDP)
| 2017 | 2018 | 2019 | 2020 | 2021* |
| –1.2% | –2.6% | –2.6% | -7.5% | –4.4% |
*Estimate
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Government bond ratings
Standard & Poor's: N/A
Moody's: N/A
Standard & Poor's / Moody's (Updated January 2017)
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Current account balance
USD -0.71 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
Source
Current account balance by percentage of GDP
-7.9% (2021 estimate)
IMF - World Economic Outlook, October 2021
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Exports as percent of GDP (Exports of goods and services)
21.7% (2020)
World Bank - World Development Indicators (updated Feb 2022)
Shares in world total merchandising export
N/A
Shares in world total commercial services export
0.02% (2020)
Export commodities
Mining and processed metal products, scrap metals, leather products, machinery, appliances, prepared foodstuffs, beverages and tobacco, vegetable products, textiles and apparel
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Import commodities
Foodstuffs, livestock, wood, petroleum, chemicals, machinery, minerals, textiles, stone, ceramic and glass products, electrical equipment
Exports - major partners
Albania 16%, India 14%, North Macedonia 12.1%, Serbia 10.6%, Switzerland 5.6%, Germany 5.4% (2017)
Imports - major partners
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)
FDI inflows
N/A
FDI outflows
N/A
Value of cross-border M&A, by country of purchaser
N/A
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
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
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Index of Economic Freedom
Ranking: 86 / Score: 60.1 (Moderately Free)
The Heritage Foundation - 2022 Index of Economic Freedom
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Languages
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.)
Religions
Muslim 95.6%, Roman Catholic 2.2%, Orthodox 1.5%, other 0.1%, none 0.1%, unspecified 0.6% (2011 est.)
Total population
| 1980 | 1990 | 2000 | 2015 | 2020 |
| 1.9 million | 1.7 million | 1.8 million | 1.8 million | 1.8 million |
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% of population living on less than $3.10 a day
3.6% (last available estimate, 2017)
Inequality of wealth distribution (Gini index)
29.0 (last available estimate, 2017)
(0=perfect equality, 100=absolute inequality)
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Freedom House rating
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)
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