Kosovo as a market

Since 2008, Kosovo has been an independent democratic state with a parliamentary system. The country is a potential candidate for EU membership, a process that was accelerated with the signing of the Stabilization and Association Agreement with the EU in 2015, in force since 2016.

Despite being a small country with a population of 1.8 million, the Kosovar economy has had a consistently higher growth rate in the post-global financial crisis period than the Western Balkan country average. Kosovo’s GDP per capita grew from US$1,088 in 2000 to US$3,641 in 2016.

During 2008–16, real GDP grew on average by 3.4%. Growth was driven primarily by household and government consumption, which contributed 2.8 percentage points to growth, buoyed by sizable remittances and foreign aid flows. Growth is expected to continue to be driven by investment and consumption including investment in the energy sector to build new generation capacity and new donor-financed projects.

Our latest Smart Urban Solutions project in Kosovo concerned smart municipalities/cities and energy efficient industries as well as health. You can read more about it here and here.

Kosovo is the world's 153rd largest economy with a GDP of 7.849 million USD. The country has a population of 1,8 million and a GDP per capita of 11.376 USD (PPP). According to the World Bank's 2018 classification, Kosovo belongs to the group of Lower middle-income countries. In 2019 the real growth rate in GDP is expected to be 4,1 pct., and over the following two years real GDP is expected to grow at a rate of 3,9 pct. p.a.