Fiscal Balance in Albania

Albania Fiscal Balance | Economic News & Forecasts

Albania - Fiscal Balance

After 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

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-4.1  -1.8  -2.0  -1.6  -1.9  

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

Albania Facts

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

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