Kosovo | Economic Forecasts | 2013-2015 Outlook

Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
GDP Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
GDP Constant Prices 4916.40 Jun-12 5204 Jun-14 5117 5133 5147 5160 5349 5762 6845 [+]
Gross Fixed Capital Formation 1238.70 Jun-12 1226 Dec-12 1082 1070 1060 1051 1027 999 998 [+]
GDP 6.24 Dec-12 6.53 Jun-14 6.07 6.05 6.04 6.03 6.36 7.13 10.02 [+]
GDP Annual Growth Rate 2.50 Dec-12 0.7 Dec-13 0.99 0.83 1.1 1.1 0.95 2.77 2.51 [+]
GDP per capita 2908.45 Dec-12 3037 Jun-14 3013 3027 3040 3052 3276 3829 5461 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Labour Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Unemployed Persons 268104.00 Dec-13 268518 Jan-14 269264 270326 270884 270484 264284 270201 269068 [+]
Wages 364.00 Dec-13 363 Jan-14 352 351 347 352 364 361 368 [+]
Population 1.80 Dec-12 1.81 Dec-13 1.81 1.81 1.81 1.81 1.81 1.82 1.82 [+]
Unemployment Rate 30.90 Dec-12 23 Dec-13 23.6 22.7 21.9 21.2 19.2 7.6 9 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Prices Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Consumer Price Index (CPI) 100.20 Mar-14 100 Mar-14 100 99.13 100 100 123 186 612 [+]
Import Prices 116.20 Nov-13 115 Mar-14 115 116 116 115 116 115 115 [+]
Producer Prices 121.30 Nov-13 120 Mar-14 120 119 119 119 148 226 724 [+]
Inflation Rate 0.30 Mar-14 0.28 Mar-14 0.28 -0.69 -1.19 -0.96 0.45 3.79 4.03 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Trade Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Capital Flows 140.00 Jun-12 126 Dec-12 -70.88 -79.52 -86.07 -91.05 -102 -36.36 -11.69 [+]
Balance of Trade -136236.00 Feb-14 -143144 Mar-14 -162500 -173379 -181078 -186945 -227520 -345479 -1134037 [+]
Current Account -96.50 Sep-13 -122 Dec-13 -71.31 -93.33 -119 -102 -102 -102 -102 [+]
Current Account to GDP -18.31 Dec-12 -17.41 Dec-13 -16.3 -16 -15.72 -15.47 -14.67 -0.21 -0.05 [+]
Exports 22072.00 Feb-14 23427 Mar-14 23392 25461 23637 21297 27566 40331 132882 [+]
Imports 158308.00 Feb-14 189514 Mar-14 185892 198839 204716 208242 255086 385810 1266918 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Government Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Government Budget Value -58.60 Feb-14 -132 Mar-14 -132 -174 -220 -274 -275 -274 -274 [+]
Government Spending 788.30 Jun-12 791 Dec-12 806 804 803 802 983 1484 4873 [+]
Government Budget 1.50 Dec-12 1.74 Dec-13 3.54 3.67 3.77 3.84 3.97 2.77 2.52 [+]
Credit Rating 15.00 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Business Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Changes in Inventories 148.30 Jun-12 148 Dec-12 142 142 142 142 142 141 141 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Consumer Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Consumer Spending 4447.60 Jun-12 4471 Dec-12 4726 4752 4775 4796 5990 9246 30457 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Taxes Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Personal Income Tax Rate 10.00 Jan-13 [+]

Trading Economics forecasts are driven by our own analysts’ expectations and technically projected using an autoregressive integrated moving average (ARIMA) model. First, we model the past behaviour of a time series by using vast amounts of historical data. Then, we adjust the coefficients of the econometric model by taking into account, our own analyst’s assessments and future expectations. While we work hard to make our predictions accurate, please note that past performance of our forecast model is not necessarily indicative of future results. Moreover, please take into account that because countries publish their data releases in different dates and sometimes with significant delays we may have to project past data which has already some time but was not yet released by official sources. If you have any question please email us at contact@tradingeconomics.com



RELATED NEWS

Kosovo Changes in Inventories at 148.30 EUR Million  
Changes in Inventories in Kosovo decreased to 148.30 EUR Million in 2012 from 156.50 EUR Million in 2011. Changes in Inventories in Kosovo is reported by the Kosovo Agency of Statistics.
Kosovo Consumer Price Index (CPI) at 100.20 Index Points  
Consumer Price Index (CPI) in Kosovo increased to 100.20 Index Points in March of 2014 from 100 Index Points in February of 2014. Consumer Price Index (CPI) in Kosovo is reported by the Kosovo Agency of Statistics.
Kosovo Consumer Spending at 4447.60 EUR Million  
Consumer Spending in Kosovo increased to 4447.60 EUR Million in 2012 from 4219.80 EUR Million in 2011. Consumer Spending in Kosovo is reported by the Kosovo Agency of Statistics.
Kosovo GDP Current Prices at 4916.40 EUR Million  
GDP Constant Prices in Kosovo increased to 4916.40 EUR Million in 2012 from 4772.80 EUR Million in 2011. GDP Constant Prices in Kosovo is reported by the Kosovo Agency of Statistics.
Kosovo Government Spending at 788.30 EUR Million  
Government Spending in Kosovo increased to 788.30 EUR Million in 2012 from 769 EUR Million in 2011. Government Spending in Kosovo is reported by the Kosovo Agency of Statistics.
Kosovo Gross Fixed Capital Formation at 1238.70 EUR Million  
Gross Fixed Capital Formation in Kosovo decreased to 1238.70 EUR Million in 2012 from 1386.80 EUR Million in 2011. Gross Fixed Capital Formation in Kosovo is reported by the Kosovo Agency of Statistics.
Kosovo Import Prices at 116.20 Index Points  
Import Prices in Kosovo remained unchanged at 116.20 Index Points in the fourth quarter of 2013 from 116.20 Index Points in the third quarter of 2013. Import Prices in Kosovo is reported by the Kosovo Agency of Statistics.
Kosovo Producer Prices at 121.30 Index Points  
Producer Prices in Kosovo increased to 121.30 Index Points in the fourth quarter of 2013 from 118.90 Index Points in the third quarter of 2013. Producer Prices in Kosovo is reported by the Kosovo Agency of Statistics.
Kosovo Unemployed Persons at 268104.00  
The number of unemployed persons in Kosovo increased to 268104 in December of 2013 from 267822 in November of 2013. Unemployed Persons in Kosovo is reported by the Cental Bank of Kosovo.
Kosovo Average Monthly Wages at 364.00 EUR  
Wages in Kosovo increased to 364 EUR in December of 2013 from 355 EUR in November of 2013. Wages in Kosovo is reported by the Kosovo Agency of Statistics.
MORE RELATED NEWS

LATEST NEWS

US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
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This page includes economic forecasts for Kosovo. 4/24/2014