Global Information Lookup Global Information

Economy of Kosovo information


Economy of Kosovo
Kosovan capital and largest city Pristina
CurrencyEuro (EUR)
Fiscal year
Calendar year
Trade organisations
CEFTA
Country group
  • Developing/Emerging[1]
  • Upper-middle income economy[2]
Statistics
Population1,761,985 (2022)[3]
GDP
  • $11.3 billion (nominal, 2024 est.)[4]
  • $29.7 billion (PPP, 2024)[4]
GDP rank
  • — 155 (nominal, 2022)
  • — 151 (PPP, 2022)
GDP growth
  • +3.5% (2022)
  • +3.8% (2023)
  • +4.0% (2024)[4]
GDP per capita
  • $6,390 (nominal, 2024)[4]
  • $16,775 (PPP, 2024)[4]
GDP per capita rank
  • — 132 (nominal, 2022)
  • — 102 (PPP, 2022)
GDP by sector
  • agriculture: 12.9%
  • industry: 22.6%
  • services: 64.5%
  • (2016)[5]
Inflation (CPI)
10.5% (2023)[6]
Population below poverty line
  • 17.6% (2015)[7]
  • 34% on less than $6.85/day (2017)[8]
Gini coefficient
29.0 low (2017)[9]
Human Development Index
  • 0.762 high (2021)[10] (N/A)
  • N/A IHDI (2017)
Labour force
  • 500,300 (2017)[5]
  • includes those elements estimated to be employed in the grey economy[5]
Labour force by occupation
  • agriculture: 4.4%
  • industry: 17.4%
  • services: 78.2%
  • (2017)[5]
Unemployment16.6% (Q1, 2022)[11]
Average gross salary
528€/579 $ monthly [12]
Average net salary
471€/516$ monthly [12]
Main industries
mineral mining, construction materials, base metals, leather, machinery, appliances, foodstuffs & beverages, textiles[5]
External
Exports$1 billion (2022)[13]
Export goods
Mining & processed metal products, mineral products, food and beverages, products of plastic and rubber, agricultural products, leather products, textile, machinery and electrical components.
Main export partners
  • Economy of Kosovo EU 36.5%
  • Economy of Kosovo Albania 14.8%
  • Economy of Kosovo USA 11.7%
  • Economy of Kosovo Serbia 9.2%
  • Economy of Kosovo North Macedonia 8.4%
  • (August 2022)[14]
Imports$5 billion (2021)[15]
Import goods
Mineral products, food and beverages, machinery and electrical components, vehicles, chemical products, products of plastic and rubber, agricultural products, textile, live animals[15]
Main import partners
  • Economy of Kosovo EU 40.5%
  • Economy of Kosovo Turkey 13.6%
  • Economy of Kosovo China 10.1%
  • Economy of Kosovo Serbia 7.4%
  • Economy of Kosovo Albania 4.1%
  • (August 2022)[16]
Gross external debt
$1.175 million (2017)[17]
Public finances
Government debt
16.6% of GDP (2017)[17]
Revenues€3,214 billion (2023)[17]
Expenses€TBA billion (2023)[17]
Foreign reserves
n/av
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US dollars.

The economy of Kosovo is a transition economy. Kosovo was the poorest province of the former Yugoslavia with a modern economy established only after a series of federal development subsidies in the 1960s and the 1970s.[18]

During the 1990s, the abolition of the province's autonomous institutions was followed by poor economic policies, international sanctions, little access to external trade and finance, and ethnic conflict. These factors severely damaged the already-weak economy.[19] Since the declaration of independence in 2008, Kosovo's economy has grown each year, with relatively low effects from the global financial crisis. There are many weaknesses for its potential in the future, many of them related to its internationally disputed status. The last census that was not boycotted by either Serbs or Albanians took place in 1981, when it was determined that Kosovo had a population of 1.58 million, of which 209,497 were Serbs. The actual number of Albanians living in Kosovo in 2023 is between 1,162,000 and 1,325,000, and the number of Serbs will be around 90,000. In the period from 2013 to 2016, the number of economically motivated Albanian migrants from Kosovo in EU countries was 229,005, while it is estimated that the total number of Albanians from Kosovo who are emigrants in the period from 1990 to 2023 exceeds 700,000. But here are also potential strengths, including its very low level of government debt (as most of historical debts are still paid by Serbia[citation needed]), future liabilities, and the strength of its banking system (despite remaining obstacles to using this for productive loans).[20]

  1. ^ "World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.
  2. ^ "World Bank Country and Lending Groups". datahelpdesk.worldbank.org. World Bank. Retrieved 29 September 2019.
  3. ^ "Population, total - Kosovo". data.worldbank.org. World Bank. Retrieved 11 February 2020.
  4. ^ a b c d e "World Economic Outlook database: October 2023". IMF.org. International Monetary Fund. Retrieved 14 March 2021.
  5. ^ a b c d e CIA World Factbook https://www.cia.gov/the-world-factbook/countries/kosovo/
  6. ^ "Archived copy". Archived from the original on 2023-04-06. Retrieved 2022-06-14.{{cite web}}: CS1 maint: archived copy as title (link)
  7. ^ "Poverty headcount ratio at national poverty lines (% of population) - Kosovo". data.worldbank.org. World Bank. Retrieved 11 February 2020.
  8. ^ "Poverty headcount ratio at $6.85 a day (2017 PPP) (% of population) - Kosovo". data.worldbank.org. World Bank. Retrieved 11 February 2020.
  9. ^ "GINI index (World Bank estimate) - Kosovo". data.worldbank.org. World Bank. Retrieved 13 October 2019.
  10. ^ "HDI index (Global Data Lab estimate) - Kosovo". globaldatalab.org. Global Data Lab. Retrieved 14 March 2021.
  11. ^ https://ask.rks-gov.net/sq/agjencia-e-statistikave-te-kosoves/add-news/anketa-e-fuqise-punetore-afp-tm1-2022. {{cite web}}: Missing or empty |title= (help)
  12. ^ a b "Level of wage in Kosovo, 2012-2016 |". Archived from the original on 2023-05-19. Retrieved 2018-02-10.
  13. ^ "Foreign Trade of Goods, 2022 |" (PDF). Archived from the original (PDF) on 2023-04-06. Retrieved 2023-01-25.
  14. ^ "International Trade Statistics". ask.rks-gov.net/. Kosovo Agency of Statistics. Archived from the original on 5 May 2023. Retrieved 25 September 2021.
  15. ^ a b Kosovo Agency of Statistics /
  16. ^ "International Trade Statistics". ask.rks-gov.net/. Kosovo Agency of Statistics. Archived from the original on 5 May 2023. Retrieved 25 July 2021.
  17. ^ a b c d "Llogaritë Qeveritare, 2017 |". Archived from the original on 2023-04-06. Retrieved 2018-06-07.
  18. ^ Pond, Elizabeth, "Why Turbulent Kosovo has Marble Sidewalks but Troubled Industries". Christian Science Monitor, 15 December 1981.
  19. ^ "Kosovo". Retrieved 8 February 2015.
  20. ^ Republic of Kosovo: 2011 Article IV Consultation and the Initiation of a Staff-Monitored Program—Staff Report; Public Information Notice on the Executive Board Discussion International Monetary Fund (Report no: 11/210 ). July 2011 Retrieved 11 December 2022

and 25 Related for: Economy of Kosovo information

Request time (Page generated in 1.0297 seconds.)

Economy of Kosovo

Last Update:

The economy of Kosovo is a transition economy. Kosovo was the poorest province of the former Yugoslavia with a modern economy established only after a...

Word Count : 6485

Kosovo

Last Update:

Kosovo, officially the Republic of Kosovo, is a country in Southeast Europe with partial diplomatic recognition. Kosovo lies landlocked in the centre...

Word Count : 21035

Assembly of the Republic of Kosovo

Last Update:

Assembly of the Republic of Kosovo (Albanian: Kuvendi i Republikës së Kosovës; Serbian: Скупштина Републике Косово, romanized: Skupština Republike Kosovo) is...

Word Count : 820

Electrical energy in Kosovo

Last Update:

electricity sector of Kosovo relies on coal-fired power plants (92% as of 2023) and is considered one of the sectors with the greatest potential of development...

Word Count : 2859

Pristina

Last Update:

largest city of Kosovo. It is the administrative center of the eponymous municipality and district. In antiquity, the area of Pristina was part of the Dardanian...

Word Count : 9412

Economy of Ferizaj

Last Update:

sustainable and competitive position in economy. Ferizaj keeps it connections with all the major cities of Kosovo secure. Also, Gjilan has close ties with...

Word Count : 2818

Kosovo War

Last Update:

The Kosovo War (Albanian: Lufta e Kosovës, Serbian: Косовски рат, Kosovski rat), was an armed conflict in Kosovo that lasted from 28 February 1998 until...

Word Count : 25509

Economy of Gjilan

Last Update:

The municipality of Gjilan is in the Anamorava microregion of Kosovo, and has 42 villages. Due to the overall increase in economic development, Gjilan...

Word Count : 1593

Transport in Kosovo

Last Update:

These upgrades have played a key role in supporting Kosovo's economy. Air transport in Kosovo started as early as 1936 when Yugoslav flag carrier Aeroput...

Word Count : 920

International recognition of Kosovo

Last Update:

are divided on the issue of recognition of the independence of Kosovo from Serbia, which was declared in 2008. The Government of Serbia does not diplomatically...

Word Count : 12840

List of districts of Kosovo by Human Development Index

Last Update:

This is a list of the 7 districts of Kosovo by Human Development Index as of 2023 with data for the year 2021. "Sub-national HDI - Area Database - Global...

Word Count : 34

Accession of Kosovo to the European Union

Last Update:

The accession of Kosovo to the European Union (EU) is on the current agenda for future enlargement of the EU. Kosovo is currently recognized by the EU...

Word Count : 5195

Kosovo and the euro

Last Update:

Kosovo adopted the euro as its de facto legal tender in 2002 despite the territory not being a member of the Eurozone or the European Union. This succeeded...

Word Count : 957

Serbia and Montenegro

Last Update:

infrastructure and industry caused by the Kosovo War left the economy only half the size it was in 1990. Since the ousting of former Federal Yugoslav President...

Word Count : 8819

Natural resources of Kosovo

Last Update:

Among these natural resources that were previously important in the Kosovo economy were minerals and metals such as: lignite, aluminum, chrome, magnesium...

Word Count : 4897

Motorways in Kosovo

Last Update:

in Kosovo Transport in Kosovo Economy of Kosovo Government of Kosovo. "LAW ON ROAD TRAFFIC SAFETY" (PDF). assembly-kosova.org. p. 4. Ministry of Infrastructure...

Word Count : 229

Emigration from Kosovo

Last Update:

from Kosovo has taken place in various phases during the second half of the 20th century. It is estimated that about a third of people born in Kosovo currently...

Word Count : 2310

Outline of Kosovo

Last Update:

Kosovo Wildlife of Kosovo Fauna of Kosovo Birds of Kosovo Mammals of Kosovo Forests of Kosovo Lakes of Kosovo Mountains of Kosovo Regions of Kosovo List...

Word Count : 989

Political status of Kosovo

Last Update:

The political status of Kosovo, also known as the Kosovo question, is the subject of a long-running political and territorial dispute between the Serbian...

Word Count : 7116

North Kosovo

Last Update:

North Kosovo (Serbian: Северно Косово, romanized: Severno Kosovo, Albanian: Kosova Veriore); also known as the Ibar Kolašin (Serbian: Ибарски Колашин,...

Word Count : 3776

Socialist Autonomous Province of Kosovo

Last Update:

Autonomous Province of Kosovo, referred to as simply Kosovo, was one of the two autonomous provinces of the Socialist Republic of Serbia within Yugoslavia...

Word Count : 2646

Central Bank of Kosovo

Last Update:

governor of Kosovo's central bank. Ministry of Finance (Kosovo) Economy of Kosovo Kosovo and the euro Banking Network System of Kosovo List of central...

Word Count : 2697

Demographic history of Kosovo

Last Update:

This article includes information on the demographic history of Kosovo. The Dardani (/ˈdɑːrdənaɪ/; Ancient Greek: Δαρδάνιοι, Δάρδανοι; Latin: Dardani)...

Word Count : 9024

List of cities and towns in Kosovo

Last Update:

divisions of Kosovo List of populated places in Kosovo List of populated places in Kosovo by Albanian name "Kosovo Census Atlas" (PDF). Kosovo Agency of Statistics...

Word Count : 219

Flag of Kosovo

Last Update:

of the Republic of Kosovo was adopted by the Assembly of the Republic of Kosovo immediately following the unilateral declaration of independence of Kosovo...

Word Count : 2846
PDF Search Engine © AllGlobal.net