Albania’s GDP growth rates are expected to hover around 1% in the years to come. Weak domestic demand, especially due to fiscal austerity measures, is the main reason for the sluggish development that is a far cry from pre-crisis economic dynamics. The signals emanating from the private sector are contradictory and do not make for a more optimistic outlook at present.

map Albania
Main Economic Indicators201120122013201420152016
Population, 1000 persons.290529002897...
GDP, real change in %
GDP per capita (EUR at PPP)740075007600...
Gross industrial production, real change in %25.546.227.2...
Unemployment rate - LFS, in %, average14.013.415.618.018.019.0
Average gross monthly wages, EUR260268291...
Consumer prices, % p.a.
Fiscal balance in % of GDP-3.5-3.4-4.9...
Public debt in % of GDP59.462.070.0...
Current account in % of GDP..-10.6-10.0-9.3-8.3
FDI inflow, EUR mn630666953...
Gross external debt in % of GDP53.557.463.3...

Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.


ALBANIA: Economic development under house arrest

Mario Holzner
in: On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
wiiw Forecast Report No. Autumn 2014, November 2014 , pp. 85-87
Details and Buy


Monthly Report No. 7-8/2014

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Michael Landesmann, Sebastian Leitner, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July 2014
23 pages including 1 Table and 2 Figures