GDP in Albania

Albania GDP | Economic News & Forecasts

Albania - GDP

The economy firmed in the third quarter—buttressed by a tightening labor market, soft inflationary pressures and a stronger external sector—and likely performed well in the fourth quarter. In the final three months of the year, inflation was relatively muted despite a slight depreciation of the currency; credit growth was robust; and growth in tourist arrivals gathered notable steam. However, merchandise exports dropped sharply in the quarter. Turning to this year, Air Albania and Wizz Air announced they will add additional routes to Italy in March, which should provide a boost to the tourism sector. In other news, S&P affirmed its B+ credit rating with a stable outlook in early February, citing sustained economic growth in the medium term, public debt reduction, and continued fiscal prudence.

Albania - GDP Data

2014   2015   2016   2017   2018  
Economic Growth (GDP, annual variation in %)1.8  2.2  3.3  3.8  4.1  

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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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