GDP in Albania

Albania GDP | Economic News & Forecasts

Albania - GDP

Data released in April showed that quarterly economic growth hit an over two-year high in Q4 2016 (+4.0% year-on-year), pushing overall 2016 GDP growth to a six-year record. The strong year-end result was due to a thriving tourism sector and remarkable export growth, and the momentum of both carried over into Q1. Monthly trade data for March showed double-digit export growth for a sixth consecutive month, while tourist arrivals were also on the rise in both February and March. The opposition Democratic Party has vowed to boycott the 18 June parliamentary elections, though officials from the European Union—which is considering Albania’s membership to the bloc—have urged all parties to participate.

Albania - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)2.5  1.4  1.0  1.8  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

ValueChangeDate
Exchange Rate124.00.34 %May 10

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