Developments in Kosovo’s economy analysed on a macroeconomic point of view

Dr.Sc. Myrvete Badivuku - Pantina, Dr.Sc. Skender Ahmeti, MSc. Arbër Reçi

Abstract


Despite that in the last years, Kosovo has experienced economic growth, it still remains the least developed country in Europe. Kosovo’s economy is still fragile. During 2009 Kosovo’s economy peaked at 4.0% while during 2010, economic growth achieved 4.6%, while the GDP was estimated to be 4.2 Billion Euros. During 2009, Kosovo’s economy was characterised by deflation (-2.4%), during 2010 it saw a raise in inflation, while consumer price index was rated at 3.5%. There is still a high rate of unemployment in the labour market, about 45%, and it remains a challenge for the country’s economy. During 2009, money deposited from Kosovars living abroad experienced a decline of 5.6%, where during 2010 these deposits marked a slight improvement. Trading imbalances since the post-war period have continued in 2010, which has created a high level of dependence of commercial deficit (deficit constitutes about 45% of the GDP). The purpose of this study is to give a clear view of the macroeconomic situation of Kosovo through a comprehensive analysis and critical approach towards developments so far, in order to improve the economic state in the future.

Keywords


Economy; Kosovo; indicators; macroeconomic;

References


CBK-Central Bank of Kosovo, Annual Report 2008, Prishtinë

CBK-Central Bank of Kosovo, Annual Report 2009, Prishtinë

CBK-Central Bank of Kosovo, Annual Report 2010, Prishtinë

Badivuku-Pantina, M., 2005, Kosovo and Regional Economic Cooperation, Prishtinë, Kosovo

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DOI: 10.21113/iir.v1i2.178

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Copyright (c) 2016 Dr.Sc. Myrvete Badivuku - Pantina, Dr.Sc. Skender Ahmeti, MSc. Arbër Reçi

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