| Economy | Kosovo |
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Economy - overview:
 | Over the past few years Kosovo's economy has shown significant progress in transitioning to a market-based system and maintaining macroeconomic stability, but it is still highly dependent on the international community and the diaspora for financial and technical assistance. Remittances from the diaspora - located mainly in Germany and Switzerland - are estimated to account for about 15% of GDP, and donor-financed activities and aid for another 15%. Kosovo's citizens are the poorest in Europe with an average annual per capita income of only $2,500. Unemployment, around 40% of the population, is a significant problem that encourages outward migration and black market activity. Most of Kosovo's population lives in rural towns outside of the capital, Pristina. Inefficient, near-subsistence farming is common - the result of small plots, limited mechanization, and lack of technical expertise. With international assistance, Kosovo has been able to privatize 50% of its state-owned enterprises (SOEs) by number, and over 90% of SOEs by value. Minerals and metals - including lignite, lead, zinc, nickel, chrome, aluminum, magnesium, and a wide variety of construction materials - once formed the backbone of industry, but output has declined because of ageing equipment and insufficient investment. A limited and unreliable electricity supply due to technical and financial problems is a major impediment to economic development. Kosovo's Ministry of Energy and Mining has solicited expressions of interest from private investors to develop a new power plant in order to address Kosovo and the region's unmet and growing demands for power. The official currency of Kosovo is the euro, but the Serbian dinar is also used in Serb enclaves. Kosovo's tie to the euro has helped keep core inflation low. Kosovo has one of the most open economies in the region, and continues to work with the international community on measures to improve the business environment and attract foreign investment. |
GDP (purchasing power parity):
 | void |
GDP - per capita (PPP):
 | void |
GDP (official exchange rate):
 | $3.237 billion (2007 est.) |
GDP - real growth rate:
 | void |
GDP - composition by sector:
 | agriculture: 20% industry: 20% services: 60% (2007 est.) |
Investment (gross fixed):
 | 30% of GDP (2007 est.) |
Population below poverty line:
 | 37% (2007 est.) |
Household income or consumption by percentage share:
 | void |
Distribution of family income - Gini index:
 | 30 (FY05/06) |
Inflation rate (consumer prices):
 | 5.3% (2007 est.) est.) |
Central bank discount rate:
 | void |
Commercial bank prime lending rate:
 | 13.79% (31 December 2008) |
Stock of money:
 | void |
Stock of money - per capita:
 | void |
Stock of quasi money:
 | void |
Stock of quasi money - per capita:
 | void |
Stock of domestic credit:
 | void |
Stock of domestic credit - per capita:
 | void |
Labor force:
 | 550,000 (2007 est.) |
Labor force participation rate:
 | 30.47 % of population |
Labor force - by occupation:
 | agriculture: 16.5% industry: NA services: NA (2007 est.) |
Unemployment rate:
 | 43% (2009 est.) est.) |
Budget:
 | revenues: $1.19 billion expenditures: $1.22 billion (2007 est.) |
Budget revenues per capita:
 | 660 USD per capita |
Public debt:
 | NA |
Industries:
 | Mineral mining, construction materials, base metals, leather, machinery, appliances |
Industrial production growth rate:
 | void |
Electricity - production:
 | 832 million kWh (2006) |
Electricity - production per capita:
 | 461 kWh per capita |
Electricity - consumption:
 | 4.281 billion kWh (2006) |
Electricity - consumption - per capita:
 | 2,372 kWh per capita |
Electricity - exports:
 | void |
Electricity - imports:
 | void |
Oil - production:
 | 0 bbl/day (2007) |
Oil - production per capita:
 | void |
Oil - consumption:
 | NA bbl/day |
Oil - consumption - per capita:
 | void |
Oil - exports:
 | void |
Oil - imports:
 | void |
Oil - proved reserves:
 | NA bbl |
Natural gas - production:
 | 0 cu m (2007) |
Natural gas - production per capita:
 | void |
Natural gas - consumption:
 | 0 cu m (2007) |
Natural gas - consumption - per capita:
 | void |
Natural gas - exports:
 | void |
Natural gas - imports:
 | void |
Natural gas - proved reserves:
 | NA cu m |
Agriculture - products:
 | wheat, corn, berries, potatoes, peppers |
Current account balance:
 | $-964 million |
Current account balance - per capita:
 | -534 USD per capita |
Exports:
 | $527 million |
Exports per capita:
 | void |
Exports - commodities:
 | mining and processed metal products, scrap metals, leather products, machinery, appliances |
Exports - partners:
 | void |
Imports:
 | $2.6 billion f.o.b. |
Imports per capita:
 | 1,441 USD per capita |
Imports - commodities:
 | foodstuffs, wood, petroleum, chemicals, machinery and electrical equipment |
Imports - partners:
 | void |
Reserves of foreign exchange and gold:
 | $NA |
Reserves of foreign exchange and gold - per capita:
 | void |
Debt - external:
 | $NA |
Debt - external - per capita:
 | void |
Stock of direct foreign investment - at home:
 | void |
Stock of direct foreign investment - at home - per capita:
 | void |
Stock of direct foreign investment - abroad:
 | void |
Stock of direct foreign investment - abroad - per capita:
 | void |
Market value of publicly traded shares:
 | void |
Market value of publicly traded shares - per capita:
 | void |
Economic aid - donor:
 | void |
Economic aid - recipient:
 | void |
Economic aid - recipient per capita:
 | void |
Currency (code):
 | euro (EUR); Serbian Dinar (RSD) is also in circulation |
Exchange rates:
 | euros (EUR) per US dollar - 0.6827 (2008), 0.7345 (2007) |
Fiscal year:
 | void |
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