The Statistical Comparison of Remittances in Kosovo with Balkan Countries

Abstract

Taking into account that Kosovo is a developing country, revenues coming from other countries play an important role. The paper will present a clear picture that examines the level of remittances in the country as well as external countries. In addition to the level of remittances, a literature review will also be made regarding the methodology used. Remittances received in Kosovo, which also represent the largest category within the secondary income account, amounted to euro 568.8 million in September 2015, representing an annual growth of 12.5 percent. One of the reasons why a remittance study is done is to identify more clearly how remittances affect notwithstanding the reports and publications made by the Kosovo Statistical Agency, the Central Bank of Kosovo, etc. It has been seen that there is still room for detailed analysis of statistics that would be even more useful to have a clearer picture of the interconnection that would affect the decision-making process. In addition to Kosovo, the research is also based on data released by the World Bank on remittances to other Balkan countries. Another purpose of the research is to compare remittances in Kosovo with those of the Balkan countries. Except for comparison, the link between them and their contribution to economic development in one country should be found.