GDP in Albania

Albania GDP | Economic News & Forecasts

Albania - GDP

Albania’s economic performance last year was supported by a pickup in consumer spending and growth in private investment. Recent data show that, following months of stagnation, credit to the private sector gave signs of revival in the final quarter of 2016. According to the Central Bank, the increase was due to higher credit to businesses, while credit to households increased at a much slower rate. Despite this positive development, credit to the economy remains subdued relative to the level that the Bank considers necessary to support growth. This is due to low demand and also to the reluctance of commercial banks to give new credit, particularly to big businesses, which have the highest share of non-performing loans.

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 Rate127.7-0.45 %Jan 20

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