Regional Economic Outlook

Growth for the Western Balkan region is estimated to strengthen to 3.5 percent for 2018, according to the latest bi-annual report.


We have started consultations for our new partnership framework with the country for the period 2019–2022.


Growth projections in the Western Balkans region for 2018 have been revised upward and are now estimated to reach 3.5%. Growth was stimulated by higher public investment and consumption, while countries with higher growth rates boosted them mostly by investment and exports. Over 90,000 jobs were created in the first half of 2018, with new employment mostly in industry and services.


Kosovo and Albania are expected to grow at 4% this year. At 3.8%, Montenegro’s growth is projected to be 1 percentage point higher, although still lower than last year. Growth in Bosnia and Herzegovina continues to be stable at an estimated 3.2%. Serbia’s economy has rebounded to 3.5% growth after last year’s weather-related slowdown. FYR Macedonia’s growth also rebounded to 2.5%, as investor confidence was Restored.



Marco Mantovanelli

Country Manager for Kosovo and FYR Macedonia

Bojana Naceva

Senior Education Specialist, FYR Macedonia

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