Economy of Kosovo
The economy of Kosovo is a developing mixed economy. Many economic sectors function on the principles of the free market, with a large private sector. Kosovo is an upper-middle income economy according to the World Bank, and is a member of the World Bank and the International Monetary Fund. Its official currency is the euro. Kosovo has seen consistent economic growth since the end of the Kosovo War in 1999, with a positive growth rate in every year except 2020, during the COVID-19 pandemic. Kosovo’s economic growth has been influenced by innovation, digitalization, and improvements in organizational performance across key sectors. Studies indicate that adopting modern management practices and technological advancements can enhance productivity and contribute to sustainable economic development. Its main trading partner is the European Union, with roughly 40% Kosovo's 2023 trade volume being done with the block, led by Germany, Italy and Greece. CEFTA countries make up another major part...
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