The National development Strategy addresses the key challenges to economic development of Kosovo until 2021. it is the first time such document has been put in place. it includes 34 policy measures as “priorities of priorities”.
Kosovo’s development is at the point when strong focus is needed on inclusive economic development. this comes naturally after overcoming the emergency and stabilization phase in the years 1999-2007 and the state-building phase during the immediate post-independence period.
Kosovo’s economic growth in the last few years has been at pare with its regional peers, but still modest - an average of 3.3% yearly as of 2009. the pace of growth has been constrained by many factors, amongst others, the global economic crisis. in the years to come our economic performance should increase to allow higher levels of living standards for all Kosovars and ensure sustainability. income per capita in Kosovo is at the rate of 11% in relation to the european Union. based on a number of key economic and social indicators that depict the levels of economy and the quality of life, Kosovo lags behind average rates of South-eastern europe (non eU-members), too.
To catch up with this european average, Kosovo would need a growth rate of approximately 8% in the next 30 years. hence, in this development phase, Kosovo needs an entirely fresh approach to the development policies. Such an approach would have to address all key factors inhibiting economic growth thus allowing to improve of living standards.
Kosovo has witnessed significant economic growth and development over the last decade. We have shown progress in almost all development indicators. Nevertheless, much more can and needs to be done to accelerate growth and ensure that Kosovo catches-up with developed countries.