Albania

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
        FORECAST*
Main Economic Indicators201220132014201520162017
Population, 1000 persons.290028972894...
GDP, real change in %1.61.41.51.50.9.
GDP per capita (EUR at PPP)740075007700...
Gross industrial production, real change in %37.776.890.2...
Unemployment rate - LFS, in %, average13.415.618.018.019.0.
Average gross monthly wages, EUR268291297...
Consumer prices, % p.a.2.01.91.61.01.0.
Fiscal balance in % of GDP-3.4-4.9-5.2...
Public debt in % of GDP62.070.270.6...
Current account in % of GDP.-10.6-13.5-9.3-8.3.
FDI inflow, EUR mn666953....
Gross external debt in % of GDP57.463.567.5...


Basic data are continuously updated.

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

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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

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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
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