EU Candidate Countries’ & Potential Candidates’ Economic Quarterly (CCEQ) report for Western Balkans and Türkiye for the 4th Quarter 2023 is prepared by the staff of the European
Commission’s Directorate-General for Economic and Financial Affairs. Thi sedition was published in January 2024.

The report finds that the growth performance of the Western Balkan region improved in the third quarter of 2023 and economic growth was generally driven by domestic demand. IN addition, The unemployment rate fell in most economies in both a quarterly and annual comparison. Average employment growth accelerated to 1.4%1 y-o-y in the Western Balkans in the third quarter of 2023, while labour force participation increased in some countries, most notably in Albania where it climbed to a record-high 76.1%. Overall, unemployment rates in the region were at historically low levels but remained high compared with the EU, ranging from 9% in Serbia to 13.6% in Bosnia and Herzegovina.

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