Current Account in Albania
Albania - Current AccountThe economy slowed in the first half of this year, according to the Central Bank, although data for GDP in Q2 is still outstanding. The slowdown was primarily due to a slump in hydroelectricity production following a prolonged spell of dry weather—total energy production more than halved in annual terms in H1. Moreover, political uncertainty likely hampered private consumption and investment in H1, although a strong increase in both tourist arrivals and lending growth in the same period should have mitigated the impact. Meanwhile, available data suggests the third quarter began well as tourist arrivals continued to grow robustly in July. On the political scene, opposition parties have recently called for fresh local elections on 13 October after boycotting those held in June, which they alleged were corrupt.
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||110.4||-0.56 %||Sep 04|
|Stock Market||0.1||0.0 %||Sep 04|
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