Kosovo’s gross domestic product expanded 3.8 percent year-on-year in the fourth quarter of 2018, following a 3.4 percent growth in the previous period. Government expenditure rebounded (1.1 percent from -4.6 percent in Q3) and net trade contributed positively to growth, as exports increased 7.2 percent (from -8.0 percent in Q3) while imports rose at a softer 4.4 percent (from 8.4 percent in Q3). On the other hand, output advanced at a softer pace for gross capital formation (9.2 percent from 24.6 percent) and household´s consumption (2.3 percent from 8.4 percent). Considering full 2018, gross domestic product advanced 3.9 percent, compared to a 3.7 percent growth in 2017. GDP Annual Growth Rate in Kosovo averaged 3.72 percent from 2006 until 2018, 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 3.00 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.