How is the economy of Kosovo?

How is the economy of Kosovo?

The economy of Kosovo is a transition economy….Economy of Kosovo.

GDP $8.624 billion (nominal, 2021 est.) $21.680 billion (PPP, 2021)
GDP rank — (nominal, 2019) — (PPP, 2019)
GDP growth 3.8% (2018) 4.9% (2019e) −5.3% (2020) 5.2% (2021f)
GDP per capita $4,865 (nominal, 2021 est.) $11,949 (PPP, 2021 est.)

What is GDP of Kosovo?

GDP in Kosovo is expected to reach 7.80 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kosovo GDP is projected to trend around 8.76 USD Billion in 2022 and 9.55 USD Billion in 2023, according to our econometric models.

What is Armenia’s biggest export?

Armenia’s main exports are metals and diamonds. Other exports include energy, beverages, and vegetables and fruit. Armenia’s main exports partners are Russia, Germany, Iran, Bulgaria, the Netherlands, the United States, Spain, Canada and Belgium.

Is Kosovo a third world country?

Kosovo is a developing country, with an upper-middle-income economy.

Is Kosovo a developed country?

Kosovo is an upper-middle-income country which has experienced solid economic growth over the last decade….COUNTRY CONTEXT.

Kosovo 2020
GDP, current US$ billion 7.5
GDP per capita, current US$ 4,145
Life Expectancy at Birth, years 72.2

Is Kosovo’s economy growing?

Since the end of the war in 1999, Kosovo has experienced solid economic growth. It is also one of the only four European countries that recorded steady positive growth rates in the aftermath of the economic crisis (2008-2012).

What is the public debt in Kosovo?

According to IMF estimates, Kosovo’s public debt reached 24.4% in 2020, due to the economic measures taken to cope with the pandemic.

When did Kosovo gain independence from Serbia?

In 2008, Kosovo declared independence from Serbia and has since taken steps to integrate into the international community. Kosovo joined the IMF and the World Bank in 2009, the European Bank for Reconstruction and Development (EBRD) in 2012 and the European Investment Bank in 2013.