Browse a full set of economic indicators

Kosovo

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
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
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

Inflation & Debt

Inflation 2017 1.5%
2018 1.1%
2019 2.7%
2020* 0.2%
2021* 3.1%

*Estimate
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
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.)​
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
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

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