exxun.com - Kosovo

Economy	Kosovo
= Fields = World Records = Dictionary = Bar graph = Distribution map = Fields History = Definitions
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

= Fields = World Records = Dictionary = Bar graph = Distribution map = Fields History = Definitions



Ads by Ad+Value

This page was last updated on 30 January, 2010

Advertise with us

Advertise with us