National Debt (% of GDP): Kosovo

Analysis# Kosovo National Debt (% of GDP) Kosovo's national debt stood at 18.9% of GDP in 2026, reflecting a gradual decline from its peak of 22.5% in 2020. Since 2006, the debt-to-GDP ratio has increased by 16.0 percentage points from a low of 5.6%, demonstrating substantial growth in the country's debt burden over two decades. The current level remains elevated compared to the early 2010s, though recent years have shown meaningful improvement. The most striking turning point occurred between 2019 and 2020, when debt surged from 17.7% to 22.5% amid economic pressures. Kosovo has since reversed this trajectory, declining steadily from the 2020 peak through 2024. Projections for 2025–2026 suggest slight upward movement, with debt climbing to 18.9%, indicating stabilization rather than further reduction in the near term.