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Kosovo : economic indicators and trade with EU

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(1)

GDP per capita (€) and annual growth (%)

in Kosovo and the EU-28

Public finances, monetary and financial data

Kosovo business environment and socio-economic indicators

The Ease of Doing Business’s ‘distance to frontier’ score assesses the overall level of regulatory performance of a country. It ranges from 0=’lowest performance’ to 100=’the frontier’, the best performance observed worldwide each year.

The Human Development Index (HDI) measures the average achievement in key dimensions of human development. It is based on life expectancy at birth, average duration of education and GDP per capita. It ranges from 0 to 100. ‘High human development countries’ (UN) are in the range between 70 and 80. This value is extracted by the “Kosovo Human Development Report” of UNPD (2016). The Corruption Perception Index measures the perceived levels of public–sector corruption worldwide. Scores range from 0 (highly corrupt) to 100 (very clean). In 2016, two thirds of countries scored below 50.

Public debt (% of GDP)

Surplus/deficit (% of GDP)

GDP per capita

(left axis)

EU-28

Kosovo

GDP growth

(right axis)

Kosovo

EU-28

Score

Rank

Kosovo total unemployment and

female labour market participation

85/176

* No rank

40/190

FDI and remittances to

Kosovo and the EU-28

thousand

27.6

2.1%

3.5%

3.2

5%

8%

11%

14%

17%

20%

0%

10%

20%

30%

40%

50%

11.5%

32.9%

EU-28

Kosovo

Ease of Doing Business

Human Development Index**

Corruption Perception Index

Worst Best 100 100 100 0 0 0 74.2 73.5 39.0

Remittances received (% of GDP)

FDI net inflows (% of GDP)

EU-28

Kosovo

-3% 1% 5% 9%

1.4

Inflation rate XK (%)

EU-28

(2017)

7.7%

51.0%

Female labour force participation (right axis)

Total unemployment (left axis)

According to the European Central Bank, Kosovo adopted the euro unilaterally in 2002 and has since used it as its de facto currency.

Kosovo*: Economic indicators and trade with EU

EPRS | European Parliamentary Research Service EUI | European University Institute

Authors: Giulio Sabbati and Velina Lilyanova, Members’ Research Service

Caterina Francesca Guidi, Globalstat, EUI

PE 620.196 - April 2018

AT A GLANCE

Infographic

(2)

EU exports of goods to Kosovo (2017)

EU imports of goods from Kosovo (2017)

EU trade with Kosovo

Main trade partners (2017)

Trade in goods (exports plus imports)

EU

US

Top EU partners (2017)

Trade in goods

EU exports to Kosovo

EU imports from Kosovo

Other

Iron and steel

Oil, gas, coal

Pharmaceutical

products

Tobacco

Plastic and rubber

Cars and trucks

Mechanical

appliances and

electrical

equipment

Agri-food

25.8% 17.4% 11.0% 8.3% 4.5% 3.2% 3.1% 3.0% 23.7%

Other

Furniture

Articles of iron

or steel

Gemstones

Raw hides and leather

Ores, slag and ash

Plastic articles

Agri-food

16.9% 24.7% 15.7% 22.5% 3.4% 3.4% 6.7% 6.7%

Goods (2007-2017)

907

89

Imports

Exports

€ million

Others

Other

APEC

Members

Montenegro: 0.

Japan: 3.5%

Turkey: 4.1%

Russia: 6.2%

Switzerland

China

US

16.9%

15.3%

7.0%

15.6%

31.4%

EU

Kosovo: 0.03%

Others

FYR

Macedonia

Albania

China

Turkey

Serbia

EU-28

5.9 %

41.1%

8.7 

% 12.1 %

17.8 %

XK

6.2 %

8.2 %

210

143

108

72

67

65

61

54

45

44

EU imports from

Kosovo

EU export to Kosovo

0

100

€ million

200

EU Financial assistance to Kosovo under IPA II

(2014-2020 allocations)

Preferential loans to Kosovo

EIB finance contracts signed in 2013-2015;

EBRD activity in Kosovo to date.

135.0

126.2

110.4

100.0

94.2

79.7

Competitiveness and innovation Rule of law and fundamental rights Democracy and governance Energy

Education, employment and social policies

Agriculture and rural development

€645.5

million

IPA II: Instrument for Pre-accession Assistance

52

322

0

100

200

300

400

EIB

EBRD

EBRD

EIB

Credit lines Transport

Transport: 81%

Credit lines: 19%

€ 52

million

€ million

Notes

GlobalStat is a project developed by the European University Institute’s Global Governance Programme (Italy) and the Francisco Manuel dos Santos Foundation (Portugal). Data sources for page 1: GDP figures and inflation are from IMF WEO (October 2017) and Eurostat (2018); Labour market data are from World Bank WDI based on ILO KILM (2017); FDI and remittances data are estimates from World Bank staff based on IMF BoP data (2017); HDI and GINI are from UNDP HDR (2016) and are re-scaled (**) from 0 - 1 to 0 - 100 for better comparability - GINI is an average value computed on 2005-2013; CPI is from Transparency International (2017); Doing Business data are from the World Bank Group - Doing Business Unit (2017). According to the European Central Bank, Kosovo adopted the euro unilaterally in 2002 and has since used it as its de facto currency.

Data sources for page 2: EU trade with Kosovo, Main trade partners (EU), Top EU partners (goods), EU exports of goods to Kosovo (%) and EU imports of goods from Kosovo (%) are from ComExt, Eurostat; Other APEC members = Australia, Brunei Darussalam, Canada, Chile, Hong Kong, Indonesia, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Singapore, South Korea, Thailand and Vietnam; Trade in services are from Eurostat; Main trade partners (Kosovo) are from IMF; EU Financial assistance to Kosovo under IPA II (2014-2020 allocations) are from European Commission; Preferential loans to Kosovo are from EIB (European Investment Bank) and from European Bank for Reconstruction and Development (EBRD).

* This designation is without prejudice to positions on status, and is in line with UN Security Council Resolution 1244 and the ICJ opinion on the Kosovo declaration of independence. The authors acknowledge the assistance of Nadejda Kresnichka-Nikolchova in preparing graphics, and Enrico Di Gaspero in collecting data for this publication. This document is prepared for, and addressed to, the Members and staff of the European Parliament as background material to assist them in their parliamentary work. The content of the document is the sole responsibility of its author(s) and any opinions expressed herein should not be taken to represent an official position of the Parliament. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy. © European Union & GlobalStat, 2018.

eprs@ep.europa.eu (mail) http://www.eprs.ep.parl.union.eu (intranet) http://www.europarl.europa.eu/thinktank (internet) http://epthinktank.eu (blog)

globalstat@eui.eu(mail) http://www.globalstat.eu (internet)

Kosovo*: Economic indicators and trade with EU

EPRS & GlobalStat

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