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Kosovo

Republika e Kosoves (Albanian)/ Republika Kosovo (Serbian)

Last updated: 2026-03-28 (today)

Budget

revenues

$1.951 billion (2020 est.)

expenditures

$2.547 billion (2020 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2021

$3.138 billion (2021 est.)

Exports 2022

$3.579 billion (2022 est.)

Exports 2023

$4.156 billion (2023 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2021

$6.128 billion (2021 est.)

Imports 2022

$6.661 billion (2022 est.)

Imports 2023

$7.362 billion (2023 est.)

Industries

mineral mining, construction materials, base metals, leather, machinery, appliances, foodstuffs and beverages, textiles

Labor force

500,300 (2017 est.)

note: includes those estimated to be employed in the gray economy

Public debt

Public debt 2016

19.4% of GDP (2016 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2021

18% of GDP (2021 est.)

Remittances 2022

17.2% of GDP (2022 est.)

Remittances 2023

17.5% of GDP (2023 est.)

Exchange rates

note

note: Kosovo, which is neither an EU member state nor a party to a formal EU monetary agreement, uses the euro as its de facto currency

Currency

euros (EUR) per US dollar -

Exchange rates 2020

0.877 (2020 est.)

Exchange rates 2021

0.845 (2021 est.)

Exchange rates 2022

0.951 (2022 est.)

Exchange rates 2023

0.925 (2023 est.)

Exchange rates 2024

0.924 (2024 est.)

Debt - external

note

note: present value of external debt in current US dollars

Debt - external 2023

$785.739 million (2023 est.)

Economic overview

small-but-growing European economy; non-EU member but unilateral euro user; very high unemployment, especially youth; vulnerable reliance on diaspora tourism services, curtailed by COVID-19 disruptions; unclear public loan portfolio health

Exports - partners

United States 16%, Albania 15%, North Macedonia 12%, Germany 8%, Italy 8% (2021)

Imports - partners

Germany 13%, Turkey 13%, China 10%, Serbia 7%, Italy 6% (2021)

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$13,000 (2022 est.)

Real GDP per capita 2023

$14,200 (2023 est.)

Real GDP per capita 2024

$16,400 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

4.3% (2022 est.)

Real GDP growth rate 2023

4.1% (2023 est.)

Real GDP growth rate 2024

4.4% (2024 est.)

Agricultural products

wheat, corn, berries, potatoes, peppers, fruit; dairy, livestock; fish

Exports - commodities

mattress materials, iron alloys, metal piping, scrap iron, building plastics (2021)

top five export commodities based on value in dollars

Imports - commodities

refined petroleum, cars, iron rods, electricity, cigars, packaged medicines (2021)

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2021

-$818.351 million (2021 est.)

Current account balance 2022

-$983.283 million (2022 est.)

Current account balance 2023

-$785.09 million (2023 est.)

GDP (official exchange rate)

$11.149 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

84.3% (2024 est.)

government consumption

12.3% (2024 est.)

investment in inventories

0% (2024 est.)

investment in fixed capital

33.8% (2024 est.)

exports of goods and services

41.9% (2024 est.)

imports of goods and services

-72.3% (2024 est.)

Population below poverty line

17.6% (2015 est.)

note: % of population with income below national poverty line

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2022

11.6% (2022 est.)

Inflation rate (consumer prices) 2023

4.9% (2023 est.)

Inflation rate (consumer prices) 2024

1.6% (2024 est.)

Industrial production growth rate

4% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$23.025 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$23.962 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$25.019 billion (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2022

$1.248 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$1.245 billion (2023 est.)

Reserves of foreign exchange and gold 2024

$1.31 billion (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

26.2% (2024 est.)

services

45.7% (2024 est.)

agriculture

6.9% (2024 est.)

Household income or consumption by percentage share

note

note: % share of income accruing to lowest and highest 10% of population

lowest 10%

0.4% (2021 est.)

highest 10%

32.9% (2021 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality

Gini Index coefficient - distribution of family income 2021

49.4 (2021 est.)