Economy	Total		No	Yes	DK/refuse
Q8 Did your company invest abroad?
Economy	N	%	No	Yes	DK/refuse
Balkan Barometer 2025
Region	1216	100	90	9	1
Albania	200	16	80	17	3
Bosnia and Herzegovina	200	16	92	8	0
Croatia	n/a	n/a	n/a	n/a	n/a
Kosovo*	200	16	85	16	0
North Macedonia	208	17	93	6	0
Montenegro	204	17	94	2	4
Serbia	204	17	94	6	0

Economy	Total		Albania	Bosnia and Herzegovina	Kosovo*	North Macedonia	Montenegro	Serbia	EU	Other	Nowhere
Q10.1 Where has your company invested in the past 12 months?
Economy	N	%	Albania	Bosnia and Herzegovina	Kosovo*	North Macedonia	Montenegro	Serbia	EU	Other	Nowhere
Balkan Barometer 2025
Region	112	100	15	7	4	2	11	11	21	4	51
Albania	34	30	0	0	6	0	6	0	9	3	79
Bosnia and Herzegovina	16	14	0	0	0	0	13	25	38	6	19
Croatia	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Kosovo*	31	28	32	3	0	0	10	0	26	0	52
North Macedonia	13	12	0	0	0	0	0	15	23	0	62
Montenegro	5	4	0	20	0	0	0	100	0	0	0
Serbia	13	12	15	38	8	15	38	0	31	23	23

Economy	Total		Albania	Bosnia and Herzegovina	Kosovo*	North Macedonia	Montenegro	Serbia	EU	Other	Nowhere
Q11.1 Where does your company plan to invest in the next 12 months?
Economy	N	%	Albania	Bosnia and Herzegovina	Kosovo*	North Macedonia	Montenegro	Serbia	EU	Other	Nowhere
Balkan Barometer 2025
Region	1216	100	4	1	5	2	2	2	5	0	87
Albania	200	16	0	0	18	7	6	1	3	0	78
Bosnia and Herzegovina	200	16	0	0	1	1	0	5	5	1	89
Croatia	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Kosovo*	200	16	15	0	0	1	2	0	10	0	81
North Macedonia	208	17	1	0	2	0	0	3	2	0	93
Montenegro	204	17	1	1	0	0	0	3	1	1	92
Serbia	204	17	2	6	2	3	4	0	7	0	86

Economy	Total		{Total mentioned at least one country}	Albania	Bosnia and Herzegovina	Kosovo*	North Macedonia	Montenegro	Serbia	EU	Other	Nowhere
Q12 Where has your company invested in the past 12 months or plans to do so in the next 12 months?
Economy	N	%	{Total mentioned at least one country}	Albania	Bosnia and Herzegovina	Kosovo*	North Macedonia	Montenegro	Serbia	EU	Other	Nowhere
Balkan Barometer 2024
Region	1200	100	16	5	1	3	2	2	3	4	1	84
Albania	200	17	20	0	2	14	6	2	0	4	0	81
Bosnia and Herzegovina	200	17	20	1	0	1	2	4	12	9	0	80
Croatia	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Kosovo*	200	17	30	24	0	0	3	3	1	5	2	70
North Macedonia	200	17	9	2	1	3	1	0	4	2	2	91
Montenegro	200	17	6	2	0	1	0	0	4	3	0	94
Serbia	200	17	10	2	3	2	4	2	0	2	1	90

Economy	Total		In the Western Balkans region	In the EU	In both the Western Balkan region and the EU	Elsewhere	Nowhere
F35 Where has your company invested or plans to do so in the next 12 months?
Economy	N	%	In the Western Balkans region	In the EU	In both the Western Balkan region and the EU	Elsewhere	Nowhere
Balkan Barometer 2023
Region	1211	100	13	4	6	1	77
Albania	200	13	10	2	4	0	86
Bosnia and Herzegovina	200	18	9	8	5	2	78
Croatia	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Kosovo*	210	7	14	8	4	0	75
North Macedonia	200	11	5	2	3	1	90
Montenegro	200	5	12	2	2	3	83
Serbia	201	45	16	3	9	0	71
Balkan Barometer 2022
Region	1203	100	43	58	13	3
Albania	200	13	50	13	38	0
Bosnia and Herzegovina	200	18	31	50	35	0
Croatia	n/a	n/a	n/a	n/a	n/a	n/a
Kosovo*	200	7	59	47	18	0
North Macedonia	202	11	67	33	0	0
Montenegro	200	5	60	50	0	0
Serbia	201	45	45	70	0	5
Balkan Barometer 2021
Region	134	100	37	30	30	4
Albania	19	14	32	32	37	0
Bosnia and Herzegovina	42	31	19	36	45	0
Croatia	n/a	n/a	n/a	n/a	n/a	n/a
Kosovo*	29	22	66	21	10	3
North Macedonia	9	7	67	11	11	11
Montenegro	13	10	23	62	15	0
Serbia	22	16	32	18	36	14
Balkan Barometer 2020
Region	1215	100	57	59		4
Albania	203	13	80	40		0
Bosnia and Herzegovina	206	18	48	62		0
Croatia	n/a	n/a	n/a	n/a		n/a
Kosovo*	200	7	71	35		12
North Macedonia	200	11	83	33		0
Montenegro	205	5	57	35		13
Serbia	201	45	57	65		4

Economy	Total		Yes	No	DK/refuse
G37 Has your company invested abroad, or plans to do so in the next 12 months?
Economy	N	%	Yes	No	DK/refuse
Balkan Barometer 2022
Region	1203	100	8	92	0
Albania	200	13	4	96	0
Bosnia and Herzegovina	200	18	13	87	0
Croatia	n/a	n/a	n/a	n/a	n/a
Kosovo*	200	7	8	92	0
North Macedonia	202	11	1	99	0
Montenegro	200	5	5	95	0
Serbia	201	45	10	90	0
Balkan Barometer 2021
Region	1200	100	11	88	1
Albania	200	17	10	91	0
Bosnia and Herzegovina	200	17	21	78	1
Croatia	n/a	n/a	n/a	n/a	n/a
Kosovo*	200	17	15	85	1
North Macedonia	200	17	5	95	1
Montenegro	200	17	7	93	1
Serbia	200	17	11	89	0
Balkan Barometer 2020
Region	1215	100	10	90
Albania	203	13	2	98
Bosnia and Herzegovina	206	18	14	86
Croatia	n/a	n/a	n/a	n/a
Kosovo*	200	7	9	92
North Macedonia	200	11	3	97
Montenegro	205	5	11	89
Serbia	201	45	11	89
Balkan Barometer 2019
Region	1.271	100	9	91
Albania	221	13	17	83
Bosnia and Herzegovina	208	19	9	91
Croatia	n/a	n/a	n/a	n/a
Kosovo*	208	7	8	92
North Macedonia	202	43	7	93
Montenegro	227	5	6	94
Serbia	205	12	4	96
Balkan Barometer 2018
Region	1.203	100	8	92
Albania	200	13	4	97
Bosnia and Herzegovina	201	19	11	89
Croatia	n/a	n/a	n/a	n/a
Kosovo*	200	7	8	93
North Macedonia	200	12	5	95
Montenegro	199	5	6	94
Serbia	203	43	9	91