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Key Economic Indicators
Key Economic Indicators Real GDP growth (percent)
Albania Bosnia and Herzegovina Kosovo North Macedonia Montenegro Serbia WB6
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Consumer price inflation (percent, period average)
Albania Bosnia and Herzegovina Kosovo North Macedonia Montenegro Serbia WB6
Public expenditures (percent of GDP)
Albania Bosnia and Herzegovina Kosovo North Macedonia Montenegro Serbia WB6
Public revenues (percent of GDP)
Albania Bosnia and Herzegovina Kosovo North Macedonia Montenegro Serbia WB6
Source: World Bank calculations and projections on data from national authorities.
2019 2020 2021p 2022f 2023f 2024f
2.2 -3.5 8.5 3.2 3.5 3.5 2.8 -3.1 7.1 2.7 3.1 3.5 4.8 -5.3 9.1 3.9 4.3 4.2 3.9 -6.1 4.0 2.7 3.1 3.2 4.1 -15.3 12.4 3.6 4.7 3.7 4.3 -0.9 7.4 3.2 2.7 2.8 3.7 -3.2 7.4 3.1 3.1 3.2
1.4 1.6 2.6 5.5 4.0 3.0 0.6 -1.1 2.0 6.5 2.3 0.5 2.7 0.2 3.4 5.4 1.6 2.2 0.8 1.2 3.2 5.5 2.0 1.8 0.4 -0.3 2.4 5.0 2.3 1.6 1.9 1.6 4.0 7.0 5.3 4.1 1.5 0.9 3.3 6.3 3.8 2.8
29.2 32.6 31.5 32.1 29.9 29.6 40.6 44.0 44.8 41.7 40.2 39.4 29.7 33.0 30.1 30.6 30.9 30.7 33.5 38.9 37.7 38.4 38.0 37.2 46.0 55.5 45.6 46.3 43.9 42.4 42.2 49.0 47.4 46.3 46.0 45.3 36.9 42.2 39.5 39.2 38.1 37.4
27.2 25.9 27.0 27.1 27.2 27.3 42.6 42.2 42.3 40.5 40.4 40.5 26.8 25.4 28.7 28.4 28.2 28.2 31.4 30.5 32.3 33.1 33.2 33.5 43.3 44.4 43.6 41.1 40.9 40.7 42.0 41.0 43.3 42.3 43.0 43.1 35.5 34.9 36.2 35.4 35.5 35.5
Key Economic Indicators (continued) Fiscal balance (percent of GDP)
Albania Bosnia and Herzegovina Kosovo North Macedonia Montenegro Serbia WB6
Public debt (percent of GDP)
Albania Bosnia and Herzegovina Kosovo North Macedonia Montenegro Serbia WB6
Public and publicly guaranteed debt (percent of GDP)
Albania Bosnia and Herzegovina Kosovo North Macedonia Montenegro Serbia WB6
Goods exports (percent of GDP)
Albania Bosnia and Herzegovina Kosovo North Macedonia Montenegro Serbia WB6
Source: World Bank calculations and projections on data from national authorities.
2019 2020 2021p 2022f 2023f 2024f
-1.9 -6.7 -4.5 -5.0 -2.6 -2.4 1.9 -1.8 -2.5 -1.2 0.2 1.1 -2.9 -7.6 -1.4 -2.2 -2.6 -2.5 -2.1 -8.3 -5.4 -5.3 -4.7 -3.7 -2.7 -11.0 -2.0 -5.2 -3.0 -1.7 -0.2 -8.0 -4.1 -4.1 -3.0 -2.2 -1.3 -7.3 -3.3 -3.8 -2.6 -1.9
63.7 74.0 72.1 72.0 70.2 69.0 32.8 36.6 34.4 33.2 34.0 35.3 17.0 22.0 22.1 24.0 25.3 26.9 40.4 51.9 51.8 53.7 55.3 55.1 76.5 105.3 84.9 77.4 75.2 73.1 48.8 53.9 53.9 52.8 53.2 51.8 46.5 57.3 53.2 52.2 52.2 51.9
67.4 75.9 74.0 73.9 72.1 70.9 34.5 38.8 36.6 35.1 36.0 37.5 17.6 22.4 22.5 24.3 25.4 27.0 49.2 61.0 60.8 62.7 64.3 64.1 80.0 108.7 87.7 80.1 77.6 75.4 52.8 57.8 57.1 58.2 58.9 56.8 50.3 60.8 56.5 55.7 55.7 55.3
6.6 6.0 8.2 6.8 6.7 6.7 28.8 27.5 34.1 34.1 34.5 36.2 5.6 6.9 9.9 9.8 9.8 9.9 47.5 45.3 51.1 52.0 53.0 53.9 9.4 9.8 10.7 11.5 11.1 11.1 35.7 34.4 38.9 38.0 38.6 39.9 28.5 27.6 32.0 31.5 31.9 32.8
Key Economic Indicators (continued) Trade balance (percent of GDP)
Albania Bosnia and Herzegovina Kosovo North Macedonia Montenegro Serbia WB6
Current account balance (percent of GDP)
Albania Bosnia and Herzegovina Kosovo North Macedonia Montenegro Serbia WB6
External debt (percent of GDP)
Albania Bosnia and Herzegovina Kosovo North Macedonia Montenegro Serbia WB6
Unemployment rate (period average, percent)
Albania Bosnia and Herzegovina Kosovo North Macedonia Montenegro Serbia WB6
Source: World Bank calculations and projections on data from national authorities.
2019 2020 2021p 2022f 2023f 2024f
-13.8 -14.4 -13.3 -12.1 -10.5 -9.5 -14.7 -14.0 -12.3 -12.8 -12.5 -12.6 -27.1 -31.6 -32.7 -32.9 -31.7 -30.4 -14.3 -13.0 -15.9 -16.6 -16.1 -15.5 -21.1 -35.0 -19.6 -20.7 -19.7 -19.4 -9.9 -8.8 -8.5 -9.5 -9.1 -7.6 -13.6 -13.6 -12.8 -13.4 -12.7 -11.8
-8.0 -8.5 -7.7 -7.9 -6.4 -5.3 -2.9 -3.9 -2.3 -3.2 -3.0 -2.6 -5.6 -7.0 -9.1 -9.7 -9.0 -8.0 -3.3 -3.4 -3.5 -4.0 -3.3 -2.9 -14.3 -26.1 -9.2 -12.6 -12.1 -12.0 -6.9 -4.1 -4.4 -6.4 -5.8 -5.1 -6.2 -5.7 -4.9 -6.3 -5.6 -5.0
60.0 65.6 58.1 56.7 57.0 56.9 65.6 70.7 65.4 60.3 58.1 58.7 31.2 37.2 37.3 - - 72.4 80.3 81.4 82.8 82.0 81.4 169.0 224.1 199.0 194.8 190.9 188.4 61.8 65.8 68.6 65.3 63.1 61.0 76.7 90.6 85.0 92.0 90.2 89.3
11.5 11.7 11.5 - - 15.7 15.9 17.4 - - 25.7 24.5 - - - 17.3 16.4 15.7 14.7 13.9 13.5 15.1 17.9 16.6 - - 11.2 9.7 11.0 10.0 9.5 9.5 16.1 16.0 - - - -
Western Balkans Regular Economic Report No.21 | Spring 2022
View this report online: www.worldbank.org/eca/wbrer
