GDP in Albania
Albania - GDPThe 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
|Economic Growth (GDP, annual variation in %)||1.8||2.2||3.3||3.8||4.1|
5 years of economic forecasts for more than 30 economic indicators.
Albania GDP Chart
Source: Institute of Statistics
|Exchange Rate||108.6||-0.56 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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