Developing Economy
From a war-torn economy to a developing market. The story of Kosovo's economic rebirth, challenges, and prospects for the future.
From a war-torn economy to a developing market. The story of Kosovo's economic rebirth, challenges, and prospects for the future.
Remittances (money transfers) from the Kosovar diaspora are one of the main sources of income, constituting a considerable share of the country's GDP.
Beyond direct financial support to families, the diaspora plays a key role in small business investments, construction, and donations for social projects.
Every summer, the return of the diaspora brings a temporary economic "boom," particularly in the tourism, hospitality, and retail sectors.
Although it has decreased, it remains high, particularly among youth and women.
Imports are much higher than exports, creating a strong external dependency.
Dependence on old thermal power plants leads to supply problems and environmental pollution.