Kosovo GDP Growth Rate YoY
Economic growth in Kosovo is primarily driven by private sector consumption and investment, which are the two most important drivers of growth. When a country experiences a high unemployment rate, it is presumed that the shadow economy employs the vast majority of those who are formally unemployed. When it comes to expenditures, household consumption is the most important component of GDP, accounting for 88% of total use. This is followed by gross capital formation (26%) and government expenditure (17%). Exports of products and services account for 20% of GDP, while imports account for 51% of GDP, resulting in a net loss of 31% of total GDP. Kosovo is one of only a few countries outside of the European Union to have adopted the Euro as its official currency.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.0724 -31 pips |
1.0830 -75 pips |
1.07550 | |
| EURAUD |
|
|
1.6243 -71 pips |
1.6387 -73 pips |
1.63135 | |
| EURJPY |
|
|
162.0457 -431 pips |
165.5789 +78 pips |
166.357 | |
| EURCAD |
|
|
1.4679 -88 pips |
1.4758 +9 pips |
1.47672 | |
| EURCHF |
|
|
0.9637 -139 pips |
0.9868 -92 pips |
0.97758 | |
| EURCZK |
|
|
25.3748 +3458 pips |
0 +250290 pips |
25.02900 | |
| EURGBP |
|
|
0.8566 -31 pips |
0.8611 -14 pips |
0.85969 | |
| EURHUF |
|
|
384.1712 -497 pips |
390.0976 -95 pips |
389.14 | |
| EURNOK |
|
|
10.9856 -7560 pips |
0 +117416 pips |
11.7416 | |
| EURNZD |
|
|
1.7769 -156 pips |
1.7970 -45 pips |
1.79245 |
News (EUR)
German Exports Rebound; Industrial Orders Data Disappoint
Germany's exports rebounded at a faster-than-expected pace in March, while industrial orders declined unexpectedly on weak domestic demand, pouring cold water on hopes of better economic recovery. Exports gained 0.9 percent on a monthly basis, reversing a 1.6 percent fall in February, which was revised from a 0.2 percent gain reported initially, Destatis said Tuesday. Shipments were forecast to
RTTNews | 9h 0min ago
Eurozone Private Sector Growth Accelerates In April
The euro area private sector growth accelerated to an 11-month high in April driven by the service sector, final survey results from S&P Global showed on Monday. The HCOB composite output index rose to 51.7 in April from 50.3 in the previous month. The flash estimate was 51.4.
RTTNews | 1 day ago
Eurozone Sentix Investor Confidence Rises For 7 Straight Months
Eurozone investor confidence improved for the seventh straight month in May to hit the highest level since February 2022 as both current situation and expectations rose in small but steady steps, a closely watched survey showed on Monday. The investor confidence index posted -3.6 in May, the behavioral research institute Sentix reported. The score was forecast to improve moderately to -4.8.
RTTNews | 1 day ago
