Trade Balance in Albania
Albania - Trade Balance
Economic activity was likely dampened at the outset of 2022 by a surge in Covid-19 cases—which has since subsided, along with the associated restrictions—and the Russian invasion of Ukraine. In March, consumer confidence tumbled to its most pessimistic level since the beginning of the Covid-19 pandemic, while inflation reached its highest levels in decades, hinting at subdued private spending in Q1. Moreover, the war is expected to be taking a significant toll on the tourism sector—which accounts for around 25% of GDP—due to sharp drops in visitors from Belarus, Russia and Ukraine. Turning to this quarter, conditions have barely budged: In April, inflation rose to its highest level in over 20 years, while consumer confidence remained noticeably downbeat. Meanwhile, amid the backdrop of war to the east, Albania and North Macedonia urged the EU to accelerate their accession processes.Albania - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | - | - | - | - | - |
Albania Trade Balance Chart
Source: Institute of Statistics and FocusEconomics calculations
Albania Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 108.6 | -0.56 % | Jan 01 |
| Stock Market | 0.1 | 0.0 % | Jan 07 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
© Copyright: 2023. | Albania Trade Balance | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
