Kosovo sees record growth in Q2
Graphic by corund / Shutterstock.com
Kosovo's economy advanced at a record 16.3% year-on-year in the second quarter of 2021, following a downwardly revised 4.2% rise in the previous period, figures release by the Pristina-based Agency of Statistics (KAS) show.
Net external demand contributed significantly to growth as total exports jumped 127% (vs 13.3% in Q1) while imports rose at a slower 53.7% (vs 18.4% in Q1).
At the same time, gross capital formation (31.2% vs 14.6%) and household consumption (15% vs 4.1%) expanded solidly. Meanwhile, government spending slowed (9.2% vs 22.7%).
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