GDP in Albania

Albania GDP | Economic News & Forecasts

Albania - GDP

GDP growth in Q2 ticked up to a robust 4.1%, accelerating from what was an already impressive Q1. Driving the expansion in Q2 was a nearly broad-based acceleration across expenditure components, with a jump in fixed investment along with a surge in exports—boosted by a thriving tourism sector—standing out, in particular. Household spending, on the other hand, did not experience an outsized acceleration in Q2, more in-line with slowed growth in retail sales and a modest decrease in unemployment in the quarter. Furthermore, it appears that the economy has continued to perform well into Q3, with exports posting double-digit growth from a year earlier in August after a more modest expansion in July.

Albania - GDP Data

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)1.4  1.0  1.8  2.2  3.4  

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Albania GDP Chart


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

Albania Facts

ValueChangeDate
Exchange Rate112.7-0.56 %Oct 19
Stock Market0.10.0 %Oct 19

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