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.
Basic Information
Government Type: Parliamentary republic
Capital City: Pristina (Prishtine, Prishtina)
GDP & Economic Information
Macroeconomy & Sovereign Data
Central Bank | Central Bank of the Republic of Kosovo |
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Currency | Euros (EUR) |
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 |
GDP (Purchasing Power Parity) |
USD 22.54 billion (2021 estimate) IMF – World Economic Outlook, October 2021 |
GDP Data
Real GDP growth |
2017 4.2% 2018 3.8% 2019 4.9% 2020* -5.3.% 2021* 6.0%* *Estimate |
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GDP per capita – current prices |
USD 4,986.26 (2021 estimate) IMF – World Economic Outlook, October 2021 |
GDP per capita – PPP |
USD 12,545.74 (2021 estimate) IMF – World Economic Outlook, October 2021 |
GDP (PPP) – share of world total | 0.02% (2021 estimate) |
GDP – composition by sector |
agriculture: 7.6% industry: 25.8% services: 44.2% (2009 estimate) |
Gross domestic expenditure on R&D; (% of GDP) | N/A |
Inflation |
2017 1.5% 2018 1.1% 2019 2.7% 2020* 0.2% 2021* 3.1% *Estimate |
Kosovo
Inflation & Debt
Inflation |
2017 1.5% 2018 1.1% 2019 2.7% 2020* 0.2% 2021* 3.1% *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) |
Unemployment rate |
2017 30.5% 2018 29.6% 2019 25.7% 2020* 25.6% 2021* N/A *Estimate |
Household saving rates | N/A |
Public debt (General government gross debt as a % of GDP) |
2017 16.2% 2018 17% 2019 17.6% 2020* 24.1% 2021* 25.8% *Estimate |
Public deficit (General government net lending/borrowing as a % of GDP) |
2017 –1.2% 2019 –2.6% 2019 –2.6% 2020* -7.5% 2021* –4.4% *Estimate |
Market value of publicly traded shares | N/A |
Largest Companies | N/A |
Import/Export
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) |
Total exports |
N/A |
Export commodities | Mining and processed metal products, scrap metals, leather products, machinery, appliances, prepared foodstuffs, beverages and tobacco, vegetable products, textiles and apparel |
Total imports |
N/A |
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) |
Competitiveness & Trade
Current account balance |
USD -0.71 billion (2021 estimate) IMF – World Economic Outlook, October 2021 |
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Current account balance by percentage of GDP |
-7.9% (2021 estimate) IMF – World Economic Outlook, October 2021 |
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 |
Global competitiveness ranking | N/A |
Index of Economic Freedom |
Ranking: 86 / Score: 60.1 (Moderately Free) The Heritage Foundation – 2022 Index of Economic Freedom |
Population & Geographic Data
Total Area |
10,887 sq km |
---|---|
Total Population |
1980 1.9 million 1990 1.7 million 2000 1.8 million 2015 1.8 million 2020 1.8 million |
Urban population as % of total population | N/A |
Population median age |
30.5 years (2020 estimate) |
Population growth rate | 0.57% (2022 est.) |
Life expectancy |
71.1 years (2020) CIA World Factbook / Life expectancy |
% 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 inequalit |
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) |
Total telephone subscribers as % of population | N/A |
Internet users as % of total population | 89.4% (2018) |
Language & Religon
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.) |
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Literacy | N/A |
Religions | Muslim 95.6%, Roman Catholic 2.2%, Orthodox 1.5%, other 0.1%, none 0.1%, unspecified 0.6% (2011 est.) |
World Rankings
Population | 1.8 million |
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Mercer Cost of living index | N/A |
C02 Emissions per capita |
N/A |
Global Finance Rankings & Awards: Kosovo
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000