Macroeconomic situation in Kosovo: presentation at joint event of IHK Stuttgart – District Chamber of Göppingen and KDWV
As part of a joint event organised by the Stuttgart Chamber of Commerce – District Chamber of Göppingen and the Kosovar-German Business Association (KDWV) on investment opportunities for German companies in Kosovo, the German Economic Team gave a presentation.
Felix Schwickert, Project Manager for Kosovo, gave an overview of the country’s economic situation. In 2023, the Kosovar economy grew moderately by 3.3% yoy in a challenging macroeconomic environ-ment, marked by high interest rates and slowing de-mand from the eurozone. Growth was mainly driven by increased government spending. This led to an increase in goods imports, which further exacerbated the goods balance deficit. Nonetheless, Kosovo man-aged to reduce its current account deficit to 7.8% of GDP, owing mostly to increases in service exports and remittances. FDI inflows increased to 9% of GDP, the highest amount in the region. However, in absolute terms, the per capita FDI-stock is still low compared to other WB6 countries, which means there are certainly further investment opportunities for German companies.
