Source: world bank Nominal/PPP
Summary:
Kosovo GDP Per Capita expanded from 2008 to 2024, increasing from $2,877.39 to $7,023.07 .The compound annual growth rate (CAGR) averaged 5.74% over the period. The economy recorded its peak level in 2024 and its lowest level in 2009. Growth volatility remained high. The maximum drawdown reached 9.79%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
Kosovo Economic Phases (2008 - 2024)
From 2008 to 2024, Kosovo economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (2010–2011) indicating robust economic expansion
- High Growth (2013–2014) indicating robust economic expansion
- High Growth (2016–2018) indicating robust economic expansion
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 2021 with an increase of 22.259%, while the largest decline was in 2015 at -9.785%.