Consumption in Albania

Albania Consumption | Economic News & Forecasts

Albania - Consumption

Following the fastest GDP expansion in 10 years in Q1, high-frequency indicators paint a bright panorama for Q2. Merchandise exports averaged markedly higher in April–June compared with the previous quarter, while tourist arrivals surged throughout the same period, pointing towards a healthier external sector. Moreover, merchandise imports averaged higher in the second quarter compared to Q1, indicating firming domestic demand. Turning to this quarter, momentum has seemingly carried over, with both merchandise imports and exports expanding at strong rates in July—despite being less flattered by a low base effect—while tourist arrivals approached pre-pandemic levels in the same month. That said, a new Covid-19 wave has now beset the country and prompted authorities to tighten domestic and international travel restrictions slightly from September.

Albania - Consumption Data

2015   2016   2017   2018   2019  
Consumption (annual variation in %)1.1  1.9  2.6  3.2  3.3  

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Albania Consumption Chart

Albania Consumption
Note: Private Consumption, annual variation in %.
Source: Institute of Statistics

Albania Facts

Value Change Date
Exchange Rate108.6-0.56 %Jan 01
Stock Market0.10.0 %Jan 07

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