Current Account in Albania
Albania - Current AccountEconomic 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
|Current Account (% of GDP)||-9.3||-10.8||-8.6||-7.6||-7.4|
5 years of economic forecasts for more than 30 economic indicators.
Albania Current Account Chart
Source: Bank of Albania
|Exchange Rate||108.3||-0.56 %||Jul 11|
|Stock Market||0.1||0.0 %||Jul 11|
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