Fiscal Balance in Albania
Albania - Fiscal BalanceAfter GDP grew at the fastest rate on record in Q2, momentum seemingly carried over into the third quarter. Both merchandise imports and exports expanded at robust rates in the period, while tourist arrivals approached pre-pandemic levels in both July and August, before moderating in September. Turning to the fourth quarter, conditions seem to have deteriorated somewhat: Tourist arrivals eased again in October, while merchandise export growth averaged lower than in the previous quarter—albeit remaining firmly in double-digit figures. In other news, on 5 November the country received EUR 90 million from the EU to tackle the fallout from the Covid-19 pandemic. Meanwhile, on 26 November, parliament passed the 2022 budget, which sees the deficit expanding to 5.4% in 2022 from a projected 4.6% in 2021. It will aim to support the economic recovery and structural reforms, and strengthen the rule of law.
Albania - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-4.1||-1.8||-2.0||-1.6||-1.9|
5 years of economic forecasts for more than 30 economic indicators.
Source: Ministry of Finance of the Republic of Albania
|Exchange Rate||108.6||-0.56 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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