Albania Economic Outlook
November 28, 2017The economy is on track to record its largest expansion in nearly a decade, led by healthy energy-related investment growth, buoyant economic activity in the EU and an improving domestic panorama. Leading data reinforces the upbeat picture, with tourist arrivals and exports both logging double-digit rates of growth in October. In the domestic sector, the unemployment rate fell to a five-year low in Q2, consumer sentiment trended higher in Q3 and the share of non-performing loans fell to a six-year low in September.
Albania Economic GrowthEconomic growth should accelerate further next year, driven by stronger private consumption growth and a well-performing external sector. Conversely, fixed investment growth will moderate somewhat as two large energy investment projects conclude. The FocusEconomics panel expects the economy to grow 3.9% next year, which is unchanged from last month’s estimate. For 2019, the panel also sees growth of 3.9%.
Albania Economy Data
|GDP per capita (USD)||4,232||4,342||4,584||3,926||4,129|
|GDP per capita (EUR)||3,335||3,341||3,456||3,524||3,717|
|GDP (USD bn)||12.3||12.6||13.3||11.3||11.9|
|GDP (EUR bn)||9.7||9.7||10.0||10.2||10.7|
|Economic Growth (GDP, annual variation in %)||1.4||1.0||1.8||2.2||3.4|
|Consumption (annual variation in %)||0.1||1.4||2.7||-0.2||3.3|
|Investment (annual variation in %)||-7.9||-2.1||-3.9||11.3||7.7|
|Fiscal Balance (% of GDP)||0.0||0.0||-||-4.1||-1.8|
|Public Debt (% of GDP)||64.2||68.0||71.8||77.0||76.2|
|Inflation Rate (CPI, annual variation in %)||2.0||1.9||1.6||1.9||1.3|
|Policy Interest Rate (%)||4.00||3.00||2.25||1.75||1.25|
|Exchange Rate (vs USD)||106.2||102.2||115.7||126.1||128.3|
|Current Account (% of GDP)||-10.2||-10.6||-12.9||-10.8||-9.6|
|Current Account Balance (EUR bn)||-1.0||-1.3||-||-||-|
|Trade Balance (EUR billion)||-2.3||-1.9||-2.1||-2.1||-2.4|
|Exports (EUR billion)||1.5||1.7||1.8||1.7||1.8|
|Imports (EUR billion)||3.8||3.7||3.9||3.9||4.2|
|Exports (annual variation in %)||10.8||13.2||4.4||-4.9||2.2|
|Imports (annual variation in %)||-0.5||-4.1||7.3||-1.4||8.6|
|International Reserves (EUR)||2.0||2.0||-||-||-|
5 years of Albania economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Exchange Rate||113.4||-0.56 %||Dec 06|
|Stock Market||0.1||0.0 %||Dec 06|
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