GDP in Albania

Albania GDP | Economic News & Forecasts

Albania - GDP

National accounts data for the second quarter revealed that GDP expanded at the fastest pace on record (Q2: +17.9% yoy; Q1: +5.5% yoy), albeit largely due to a low base effect. The improvement was broad-based, with all components registering quicker growth rates. Most notably, exports skyrocketed amid easing restrictions across key trading partners. Turning to Q3, momentum seemingly carried over—despite the fading base effect—with both merchandise imports and exports expanding at robust rates in July and August, while tourist arrivals approached pre-pandemic levels in the same months. Lastly, on 17 September, parliament approved Prime Minister Edi Rama’s cabinet picks, boding well for the implementation of the PM’s agenda, which centers on the economic recovery and reducing public debt.

Albania - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)2.2  3.3  3.8  4.1  2.2  

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Albania GDP Chart

Albania GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Institute of Statistics

Albania Facts

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

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