Kosovo M2 Money Supply Growth

Kosovo’s M2 money‑supply growth has been volatile since the early 2000s, swinging from a trough of –12.21 % in 2002 to an all‑time peak of 36.62 % in 2004, before settling into a more moderate expansion path. By 2025 the growth rate stood at 10.58 %, ranking 43rd globally and closely matching peers such as Georgia (10.28 %) and The Bahamas (10.20 %). The sharp post‑conflict surge in the mid‑2000s reflected expansive fiscal and monetary measures aimed at stabilising the nascent economy, while the negative growth in 2002 coincided with the immediate aftermath of the 1999 conflict and limited liquidity. Over the 24‑year coverage period, Kosovo’s money‑supply growth has averaged well above the regional mean, indicating persistent credit expansion. If inflationary pressures remain subdued and structural reforms continue, the trajectory is likely to stay within the low‑double‑digit range, though a tightening of monetary policy could moderate future growth.