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Kosovo’s GDP growth speeds up to 5.62% y/y in Q1

Jun 21, 2024, 3:25:30 PMArticle by Genta Hodo
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June 21 (SeeNews) - Kosovo’s gross domestic product (GDP) rose by a real 5.62% in the first quarter of 2024, after increasing by an annual 3.96% in the fourth quarter of 2023, finance minister Hekuran Murati said on Friday, quoting preliminary data by the country’s statistics office, ASK.

Kosovo’s GDP growth speeds up to 5.62% y/y in Q1
Hekuran Murati, Kosovo's finance minister

According to the finance minister, Kosovo’s VISA waiver with Europe's borderless Schengen zone earlier in January has contributed to the growth, as it has facilitated business activities.

The statistics office has yet to publish final data for Kosovo’s economic growth for the fourth quarter of 2023.

In December, Kosovo's central bank said it projected the country’s economy to expand by 4.2%.

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