Albania

The Albanian economy continues to be supported by the reform of the energy sector and inflows of FDI. Nonetheless, fiscal austerity, high levels of non-performing loans and external imbalances may threaten GDP growth which we expect at 2% in 2015, 2.2% in 2016 and 2.4% in 2017.

map Albania
        FORECAST*
Main Economic Indicators201220132014201520162017
Population, 1000 persons.290028972894...
GDP, real change in %1.41.11.92.02.22.4
GDP per capita (EUR at PPP)730074007600...
Gross industrial production, real change in %15.728.31.9...
Unemployment rate - LFS, in %, average13.415.917.517.517.517.5
Average gross monthly wages, EUR270259264...
Consumer prices, % p.a.2.01.91.61.51.71.7
Fiscal balance in % of GDP-3.4-5.0-5.2...
Public debt in % of GDP62.170.970.2...
Current account in % of GDP.-10.8-13.1-13.6-13.7-13.7
FDI inflow, EUR mn.945878...
Gross external debt in % of GDP57.564.267.0...


Basic data are continuously updated.

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

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Monthly Report No. 7-8/2015

Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2015
25 pages including 1 Table and 2 Figures

Details

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ALBANIA: New energy for the economy

Isilda Mara
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 85-88
Details and Buy


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