The Gross Domestic Product (GDP) in Kosovo expanded 4.05 percent in the third quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Kosovo averaged 3.72 percent from 2006 until 2024, reaching an all time high of 16.32 percent in the second quarter of 2021 and a record low of -12.73 percent in the second quarter of 2020. source: Kosovo Agency of Statistics

GDP Annual Growth Rate in Kosovo is expected to be 4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kosovo GDP Annual Growth Rate is projected to trend around 5.00 percent in 2025 and 5.50 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-09-20 02:00 PM
GDP Growth Rate YoY
Q2 4.27% 5.62% 4.2%
2024-12-16 01:30 PM
GDP Growth Rate YoY
Q3 4.05% 4.27% 4.8%
2025-03-14 03:00 PM
GDP Growth Rate YoY
Q4 4.05% 4.6%


Related Last Previous Unit Reference
GDP Growth Rate YoY 4.05 4.27 percent Sep 2024
GDP Constant Prices 2382.43 2044.41 EUR Million Jun 2024
GDP from Agriculture 176.27 104.64 EUR Million Jun 2024
GDP from Construction 188.20 147.00 EUR Million Jun 2024
GDP from Manufacturing 318.60 222.30 EUR Million Jun 2024
GDP from Mining 40.77 45.03 EUR Million Jun 2024
GDP from Public Administration 124.49 116.88 EUR Million Jun 2024
GDP from Services 339.21 248.21 EUR Million Jun 2024
GDP from Transport 82.30 85.12 EUR Million Jun 2024
GDP from Utilities 124.83 75.97 EUR Million Jun 2024
Gross Fixed Capital Formation 3021.07 2533.63 EUR Million Dec 2023

Kosovo GDP Annual Growth Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
4.05 4.27 16.32 -12.73 2006 - 2024 percent Quarterly