Fiscal Balance in Albania

Albania Fiscal Balance | Economic News & Forecasts

Albania - Fiscal Balance

A pick-up in economic growth in Q3 was buoyed by a strong external sector and robust domestic demand. Private consumption growth accelerated, likely supported by a tightening labor market and contained inflationary pressures, which more than offset cooling public spending and contracting fixed investment. Less positively, the power-generation sector entered a tough spot owing to a severe drought. Looking at the final quarter of 2019, merchandise exports contracted sharply in October–November but as imports also fell, the trade deficit remained virtually unchanged compared to Q3. Exports fell chiefly due to a sharp drop in shipments of textile and footwear, construction materials, and metals. Meanwhile, tourist arrivals grew strongly in the first two months of Q4.

Albania - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-5.0  -5.2  -4.1  -1.8  -2.0  

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Note: Fiscal balance as % of GDP
Source: Ministry of Finance of the Republic of Albania

Albania Facts

Exchange Rate108.6-0.56 %Jan 01
Stock Market0.10.0 %Jan 07

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