Gross Domestic Product by expenditure and production approach, Q4 2020
The Kosovo Agency of Statistics (KAS) has published Gross Domestic Product data in the fourth quarter of 2020 (Q4 2020), by economic activities and expenditure approach at current prices and prices of the previous year.
GDP in Q4 2020 marks a real increase by 0.72%, compared to the same quarter of the previous year (Q4 2019). Economic activities that had growth in this quarter were: mining, manufacturing industry, electricity, and water supply (8.37%); information and communication (9.01%); real estate activities (1.60%); arts, entertainment and leisure, and other service activities (4.89%); public administration, education and health (7.75%); professional and administrative activities (6.17%); trade, transport, accommodation and food services (1.92%); financial and insurance activities (25.26%).
Meanwhile, economic activities that marked a decline in this quarter were: construction (-16.05%); and agriculture, forestry and fishing (-0.31%).
The components of GDP ay expenditure method that declined were: gross capital formation (-10.94%); export of services (-2.79%); and import of services (-3.58%).
Meanwhile, increases in this quarter were observed to: export of goods (49.44%); import of goods (5.11%); final consumption expenditures of households and IJPSHESH (3.80%); and final consumption expenditures of the Government (3.12%).
With the estimation of the fourth quarter (Q4), according to the methodology KAS gives a preliminary estimate for 2020, which based on the amount of quarters had a real decrease of (-4.14%), compared to 2019. Estimates of quarters of 2020 are provisional and will be reviewed on an annual basis. Annual GDP by production and expenditure approach at current prices and prices of the same period of the previous year will be published in September 2021.