We are delighted to have participated in an event orchestrated by the Ministry of Industry and Trade alongside Minister Hajdari and representatives from municipalities and business federations.
Kosovo’s economy grew by 3.3% in 2023, driven by public spending and private consumption, and is expected to stabilize at around 4% in coming years. Inflation, which peaked at 11.6% in 2022, declined to 5% in 2023 and is expected to continue declining in 2024. Despite increased imports due to strong public spending and high FDI-inflows, the current account deficit narrowed to 7.9% of GDP. The budget deficit remained unchanged at 0.8% of GDP in 2023, despite increased public spending.