Current Account in Albania

Albania Current Account | Economic News & Forecasts

Albania - Current Account

Economic growth likely slowed in the first quarter as suggested by available data. Building permits rose only tepidly in Q1 and power generation was anemic, while wages increased robustly and should have supported private consumption. Looking at the second quarter, trade data for April and May showed a pick-up in building materials and metals imports, suggesting the construction sector continued to gain traction. Trade data simultaneously showed a widening of the trade deficit on dropping exports owing to weakness in domestic power generation, while imports rose steadily. In politics, President Ilir Meta tried to cancel the 30 June local elections through a decree, only to be resoundingly rejected by Parliament, while a decision on EU accession talks has been postponed until October.

Albania - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-9.3  -10.8  -8.6  -7.6  -7.4  

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Albania Current Account Chart

Albania Current Account
Note: Current account balance as % of GDP.
Source: Bank of Albania

Albania Facts

Exchange Rate108.3-0.56 %Jul 11
Stock Market0.10.0 %Jul 11

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