Unemployment in Albania

Albania Unemployment | Economic News & Forecasts

Albania - Unemployment

The economy lost a step in the opening quarter of this year as growth slowed to a near four-year low. This reflected softer domestic demand as household expenditure eased, despite inflation edging down, while fixed investment moderated. Data for the second quarter, meanwhile, suggests a pick-up in growth from Q1’s lull. Tourist arrivals in Q2 jumped from the first quarter, boding well for exports of goods and services. That being said, the external sector likely limited the second-quarter’s economic expansion, as imports outpaced exports. This partly reflected still-anemic power generation dragging on exports—further underlined by robust energy imports—and a recovery in the construction sector as evidenced by rising construction material imports.

Albania - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate17.6  18.0  17.3  14.2  13.4  

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Albania Unemployment Chart

Albania Unemployment
Note: Unemployment as % of active population (aop).
Source: Institute of Statistics

Albania Facts

Exchange Rate109.8-0.56 %Jul 31
Stock Market0.10.0 %Jul 31

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