Current Account in Albania

Albania Current Account | Economic News & Forecasts

Albania - Current Account

The 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

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 Rate110.4-0.56 %Sep 04
Stock Market0.10.0 %Sep 04

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