GDP in Albania
Albania - GDPGDP 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
|Economic Growth (GDP, annual variation in %)||1.4||1.0||1.8||2.2||3.4|
5 years of economic forecasts for more than 30 economic indicators.
Albania GDP Chart
Source: Institute of Statistics
|Exchange Rate||112.7||-0.56 %||Oct 19|
|Stock Market||0.1||0.0 %||Oct 19|
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