Kosovo’s gross domestic product expanded 4.1 percent year-on-year in the first quarter of 2019, accelerating from a 3.8 percent growth in the previous period, as output advanced faster for both government (3.4 percent vs 1.1 percent in Q4) and household consumption (5.0 percent vs 2.3 percent). Meanwhile, gross capital formation rose at a softer pace (7.4 percent vs 9.2 percent) while net trade contributed negatively to growth, as exports increased 6.7 percent (from 7.2 percent in Q4) while imports went up 8.1 percent (from 4.4 percent in Q4). GDP Annual Growth Rate in Kosovo averaged 3.73 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.
GDP Annual Growth Rate in Kosovo is expected to be 3.30 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 4.10 in 12 months time. In the long-term, the Kosovo GDP Annual Growth Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.