Kosovo GDP Annual Growth Rate

Last Release

Dec 31, 2022

Actual

3.55

Units In

2.07

Frequency

Quarterly

Next Release

Dec 15, 2025

Time to Release

2 Months 23 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
16.28 Jun 2021	-9.07 Jun 2020	3.72 %	2006-2022	Kosovo Agency of Statistics

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.

Latest Updates

Kosovo’s economy expanded 4.58% year-on-year in Q2 2025, the fastest pace since Q1 2024, accelerating from a downwardly revised 2.83% growth in Q1. Growth was driven by a 10.99% increase in gross fixed capital formation and a 3.91% rise in household consumption, alongside strong external trade, with exports rising 10.42% and imports surging 13.23%. By sector, agriculture, forestry, and fisheries rose 2.98%, while the secondary sector was mixed: construction increased 4.15% and manufacturing 3.34%, but extractive industry; processing; electricity, gas, steam and air supply; water supply; waste treatment and management activities, rehabilitation fell 6.79%. The tertiary sector advanced overall, led by financial and insurance activities (+8.79%) and public administration and defence; compulsory social security; education; health and social work activities (+0.99%).