GDP in Albania

Albania GDP | Economic News & Forecasts

Albania - GDP

Recent data suggest that the economy performed strongly in Q4 2016 and began 2017 on sure footing. The Economic Sentiment Indicator recorded a steep rise in Q4 amid improvements in both business and consumer confidence. Exports rose robustly in January and the external sector likely remained a contributor to GDP growth. The Bank of Albania’s accommodative monetary policy stimulated credit lending in November and non-performing loans in the banking system fell to an over one-year low in January. On 24 February, Albania drew the last installment of its USD 400 million IMF credit line. Implemented three years ago to control soaring public debt, the program concluded just as newly released fiscal balance data from 2016 recorded a smaller-than-expected budget deficit.

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

ValueChangeDate
Exchange Rate125.30.47 %Mar 28

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