GDP in Albania

Albania GDP | Economic News & Forecasts

Albania - GDP

Albania’s economic performance last year was positive. Recent data show that GDP recorded another robust growth rate in the third quarter of 2016, despite the slight deceleration from the second quarter. Household spending grew at a slower rate in Q3, but government consumption and fixed investment improved considerably with the latter expanding at a double-digit rate. Moreover, growth in exports came exclusively from service exports, supported by a strong tourism season. The Central Bank’s accommodative monetary policy stimulated private-sector lending growth last year. While household credit benefited greatly from the loose policy, lending to the non-financial business sector remained subdued as the high share of non-performing loans made banks more risk averse.

Albania - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)2.5  1.4  1.1  2.0  2.6  

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Albania GDP Chart

Albania GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Institute of Statistics

Albania Facts

Exchange Rate127.1-0.68 %Feb 16

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