Current Account in Albania

Albania Current Account | Economic News & Forecasts

Albania - Current Account

Economic growth is likely to have kept a similar pace of expansion in the first quarter compared to the prior quarter on a mixed bag of data. Foreign tourist arrivals grew year-on-year in the first quarter, which should have given a boost to private consumption and the wider economy. That said, arrivals only rebounded modestly from the previous quarter’s small decrease. Moreover, construction materials and metals imports recovered in March, suggesting the construction sector performed better around the turn of the quarter. However, the trade deficit widened in the first quarter as exports contracted and imports increased. Meanwhile, in the political arena, anti-government protests continued in recent weeks as the 30 June local elections edge closer.

Albania - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-9.3  -10.8  -8.6  -7.6  -6.9  

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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 Rate110.0-0.56 %May 13
Stock Market0.10.0 %May 13

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