Albania Economic Forecast

Albania Economic Outlook

November 28, 2017

The 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 Growth

Economic 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

20122013201420152016
Population (million)2.92.92.92.92.9
GDP per capita (USD)4,2324,3424,5843,9264,129
GDP per capita (EUR)3,3353,3413,4563,5243,717
GDP (USD bn)12.312.613.311.311.9
GDP (EUR bn)9.79.710.010.210.7
Economic Growth (GDP, annual variation in %)1.41.01.82.23.4
Consumption (annual variation in %)0.11.42.7-0.23.3
Investment (annual variation in %)-7.9-2.1-3.911.37.7
Unemployment Rate14.117.118.017.7-  
Fiscal Balance (% of GDP)0.00.0-  -4.1-1.8
Public Debt (% of GDP)64.268.071.877.076.2
Inflation Rate (CPI, annual variation in %)2.01.91.61.91.3
Policy Interest Rate (%)4.003.002.251.751.25
Exchange Rate (vs USD)106.2102.2115.7126.1128.3
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)1.51.71.81.71.8
Imports (EUR billion)3.83.73.93.94.2
Exports (annual variation in %)10.813.24.4-4.92.2
Imports (annual variation in %)-0.5-4.17.3-1.48.6
International Reserves (EUR)2.02.0-  -  -  

Sample Report

5 years of Albania economic forecasts for more than 30 economic indicators.

Download

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Albania Facts

ValueChangeDate
Exchange Rate113.4-0.56 %Dec 06
Stock Market0.10.0 %Dec 06

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Search form