GDP in Albania
Albania - GDPAlbania’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
|Economic Growth (GDP, annual variation in %)||2.5||1.4||1.1||2.0||2.6|
5 years of economic forecasts for more than 30 economic indicators.
Note: Annual variation of gross domestic product (GDP) in %.
Albania GDP Chart
Source: Institute of Statistics
|Exchange Rate||127.1||-0.68 %||Feb 16|
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