Kosovo GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Kosovo expanded 2.50 percent in 2012 from the previous year. GDP Annual Growth Rate in Kosovo averaged 4.64 Percent from 2006 until 2012, reaching an all time high of 8.30 Percent in 2007 and a record low of 2.50 Percent in 2012. GDP Annual Growth Rate in Kosovo is reported by the Kosovo Agency of Statistics.
||2006 - 2012
Kosovo is one of the poorest countries in Europe. The country saw a sharp increase in economic activity right after the war for independence in 1999, fueled by foreign reconstruction aid. Nonetheless, growth performance has disappointed given the low starting base. A significant part of Kosovo’s economy relies on the export-driven mining industry and on remittances. Although the country is plagued by a high rate of unemployment, it’s assumed that the shadow economy employs most of the registered unemployed. Kosovo uses the Euro as the legal currency. This page provides - Kosovo GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.