Kosovo GDP Annual Growth Rate  2006-2016 | Data | Chart | Calendar

The economy of Kosovo advanced 3.3 percent year-on-year in the second quarter of 2016, following 3.8 percent expansion in the previous period. It was the weakest growth since the first quarter of 2015, as investments rose at a slower pace (+10.2 percent from +22.1 percent in Q1) and government spending shrank 8.1 percent (+0.9 percent in Q1). In contrast, household consumption increased at a faster 6.5 percent (+5.3 percent in Q1). Net trade contributed negatively as exports fell (-0.5 percent from 0.6 percent in Q1) while imports went up (+8 percent from +13 percent in Q1). On the production side, the expansion was led by transportation and storage (+10.9 percent from +3.3 percent in Q1); financial and insurance activities (+5.1 percent from +2.2 percent in Q1); utilities (+4.8 percent from +2.4 percent); wholesale and retail trade (+4.6 percent from +3.1 percent); construction (+4 percent from +8.2 percent in Q1) and agriculture (+2 percent from +0.2 percent in Q1). GDP Annual Growth Rate in Kosovo averaged 3.59 percent from 2006 until 2016, reaching an all time high of 10.90 percent in the first quarter of 2011 and a record low of -4.50 percent in the first quarter of 2012.

Kosovo GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-26 12:00 PM Q4 5.0% 4.0% 3.4%
2016-07-12 01:45 PM Q1 3.8% 5.0% 5.5%
2016-10-07 12:00 PM Q2 3.3% 3.8% 4.8%
2016-12-29 12:00 PM Q3 3.3% 4.2%
2017-02-13 01:33 PM Q3
2017-05-26 12:00 PM Q4




Kosovo GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.30 3.80 10.90 -4.50 percent [+]
GDP 6.39 7.38 7.38 1.85 USD Billion [+]
GDP Constant Prices 5807.00 5484.90 5807.00 2911.80 EUR Million [+]
Gross Fixed Capital Formation 1498.90 1293.80 1498.90 583.60 EUR Million [+]
GDP per capita 3785.59 3621.70 3785.59 1919.84 USD [+]
GDP Per Capita Ppp 9140.10 8744.41 9140.10 4635.34 USD [+]



Kosovo GDP Annual Growth Rate Notes

The private sector consumption and investments are the most important factors behind economic growth in Kosovo. The country is plagued by a high rate of unemployment, it’s assumed that the shadow economy employs most of the registered unemployed. On the expenditure side, household consumption is the main component of GDP and accounts for 88 percent of its total use, followed by gross capital formation (26 percent) and government expenditure (17 percent). Exports of goods and services account for 20 percent of GDP while imports account for 51 percent, subtracting 31 percent of total GDP. Kosovo is one of the few counties outside the EU that has introduced the Euro as its official currency. This page provides the latest reported value for - Kosovo GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kosovo GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.80 10.90 -4.50 2006 - 2016 percent Quarterly



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