4 hours agoKosovo among the poorest countries in Europe, that's how much economic downturn is expected
Periskopi(6 years ago)
(6 years ago)Kosovars' revenues are expected to drop by $287 per capita, or by nearly 6.5% compared to last year, it is announced by the up-to-date international Monetary Fund signs. For Kosovo citizens, the loss is -287 dollars per capita, with a drop of 6.5%, suggests IMF in [...] report.
For Kosovo citizens, the loss is -287 dollars per capita, with a drop of 6.5%, suggests IMF in the latest report.
Albania and Kosovo continue to rank among the poorest states in Europe, (after including the former Soviet Union states).
Out of 192 states, Albania is 98th on the list, while Kosovo 108th (4.428) USD per capita for 2020, according to IMF estimates.
The highest per capita income in the region is Montenegro, at 77th in the world (8,825), almost twice the size of Albanian-speaking lands. Then ranks Serbia, the 80th (7,382USD), northern Macedonia and 90th (6,018), Bosnia and Herzegovina 92nd (6,015 USD).
In the region, the state that has been more resistant to the COVID-19 crisis is Serbia.
The Fund, in the last economic mirror of October, estimates that the strongest contraction in the region is expected to have Montenegro with -12%, followed by Croatia, with -9% and then ranks Albania at the same levels as Kosovo (7.5% each).
The three coastal states (Croatia, Montenegro, Albania) have a high dependence on tourism, which has been among the most hit sectors by pandemic. The crisis is expected to feel less Serbia, which is projected to have a drop of -2.5%. Macedonia will shrink by -5.4%, while Bosnia will contract -6.5%.
