Gross Domestic Product by expenditure and production approach, Q3 2020

  • 24/12/2020

The Kosovo Agency of Statistics (KAS) has published Gross Domestic Product data for the third quarter of 2020 by economic activities and expenditures approach at current prices and prices of the previous year.

GDP in Q3 2020 marks a real decrease by (-7.25%) compared to the same quarter of the previous year (Q3 2019). Economic activities that marked a decline in this quarter were: construction (-16.77%); trade, transport, accommodation and food services (-16.89%); financial and insurance activities (-3.67%).

Economic activities that increased in this quarter were: extractive industry, manufacturing, electricity, and water supply (6.7%); information and communication (3.65%); real estate activities (2.81%); arts, entertainment and recreation, and other service activities (3.67%); public administration, education and health (3.59%); professional and administrative activities (3.3%); and agriculture, forestry and fishing (0.58%).

The components of GDP according to the method of expenditures which had a decrease are: gross capital formation (-10.18%); export of services (-59.62%); and imports of goods and services (-13.51%).

Meanwhile, increase in this quarter was observed to: exports of goods (3.55%); final consumption expenditures of households and IJPSHESH (16.92%); and final consumption expenditures of the Government (5.99%).

Household final consumption expenditures had a nominal increase by 2.53% in Q3 2020 compared to Q2 2020.

Note: Quarterly GDP by economic activities is presented at level A * 10 of aggregation according to classification NACE Rev.2.