Publication of Balance of Payments statistics as of December 2024

The Central Bank of the Republic of Kosovo, according to the publication calendar, presents the Balance of Payments statistics for December 2024.

Balance of payments – until the end of December 2024 was characterized by a current account deficit of 920.77 million euros, which shows an increase of 26.24% compared to the same period last year.

Trade balance – in goods as of December 2024 recorded a deficit of 4,926.82 million euros, which is 7.15% higher compared to the same period of the previous year. Exports for this period recorded a value of 956.21 million euros, which represents an increase of 9.82%, while imports of goods recorded an increase of 7.57%, reaching a value of 5,883.03 million euros.

Services account – which has a continuous positive balance, by the end of December 2024 reached a positive balance of 1,792.03 million euros , which is 9.99% higher compared to the same period last year.

Primary income – as of December 2024, recorded a positive balance of 215.36 million euros, which in the same period last year were worth 198.89 million euros, showing an increase of 8.28%.

Secondary income – remains the main contributor to the current account deficit reduction. By December 2024, this account recorded a positive balance of 1,998.66 million euros, which represents a decrease of 2.06%. compared to the same period last year.

Remittances – are the main category within secondary income, the value of which by December 2024 marked 1,355.01 million euros, representing an increase of 19.25 million euros or 1.44% compared to the same period in 2023.

Assets in the financial account – by the end of December 2024 – have recorded a positive balance of 605.57 million euros. Meanwhile, financial liabilities have recorded a positive balance of 1,254.72 million euros.

Direct investments in Kosovo – by the end of December 2024 were 856.06 million euros, which represents an increase of 1.90% compared to the same period last year, while direct investments outside Kosovo amounted to 224.87 million euros.

Reserve assets – by the end of December 2024 have increased by 69.71 million euros. Full details can be found at this link 🔗 Time Series – BQK.