Kosovo's gross domestic product advanced 4.4 percent year-on-year in the third quarter 2019, accelerating from a 4.1 percent expansion in the previous period. It was the highest GDP growth since Q2 2018, as both household consumption (2.4 percent vs 0.1 percent in Q2) and government expenditure (10.5 percent vs 3.3 percent rose faster while gross capital formation slowed (3.5 percent vs 4.1 percent). Also, net foreign demand contributed positively to growth, as exports climbed 9.3 percent (vs 14.4 percent in Q2) while imports went up at a softer 6.7 percent (vs 0.5 percent in Q2).
GDP Annual Growth Rate in Kosovo averaged 3.75 percent from 2006 until 2019, 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. 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. source: Kosovo Agency of Statistics
GDP Annual Growth Rate in Kosovo is expected to be 4.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Kosovo to stand at 4.60 in 12 months time. In the long-term, the Kosovo GDP Annual Growth Rate is projected to trend around 4.60 percent in 2021 and 2.00 percent in 2022, according to our econometric models.