dependent on the international community and the
diaspora for financial and technical assistance. The euro and the
Yugoslav dinar are both accepted currencies in Kosovo. While
maintaining ultimate oversight, UNMIK continues to work with the
European Union and Kosovo's local provisional government to
accelerate economic growth, lower unemployment, and attract foreign
investment to help Kosovo integrate into regional economic
structures. The complexity of Serbia and Montenegro political
relationships, slow progress in privatization, legal uncertainty
over property rights, scarcity of foreign-investment and a
substantial foreign trade deficit are holding back the economy.
Arrangements with the IMF, especially requirements for fiscal
discipline, are an important element in policy formation. Severe
unemployment remains a key political economic problem for this
entire region.
GDP (purchasing power parity):
$26.27 billion (2004 est.)
GDP - real growth rate:
6.5% (2004 est.)
GDP - per capita:
purchasing power parity - $2,400 (2004 est.)
GDP - composition by sector:
agriculture: 15.5%
industry: 27.6%
services: 56.8% (2004 est.)
Labor force:
3.2 million (2004 est.)
Labor force - by occupation:
agriculture NA, industry NA, services NA
Unemployment rate:
30%
note: unemployment is approximately 50% in Kosovo (2004 est.)
Population below poverty line:
30% (1999 est.)
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices):
8.8% (2004 est.)
Investment (gross fixed):
14.4% of GDP (2004 est.)
Budget:
revenues: $9.773 billion
expenditures: $10.46 billion, including capital expenditures of NA
(2004 est.)
Public debt:
80% of GDP (2004 est.)
Agriculture - products:
cereals, fruits, vegetables, tobacco, olives; cattle, sheep, goats
Industries:
machine building (aircraft, trucks, and automobiles; tanks and
weapons; electrical equipment; agricultural machinery); metallurgy
(steel, aluminum, copper, lead, zinc, chromium, antimony, bismuth,
cadmium); mining (coal, bauxite, nonferrous ore, iron ore,
limestone); consumer goods (textiles, footwear, foodstuffs,
appliances); electronics, petroleum products, chemicals, and
pharmaceuticals
Industrial production growth rate:
1.7% (2002 est.)
Electricity - production:
31.64 billion kWh (2002)
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