Albania
Investment will continue to be a major component of growth whereas household consumption will recover only slowly. Exports will continue to be negatively affected by the fall in international oil prices. For the next three years, foreign direct investments and other capital inflows will support a growth rate of more than 3%.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| Population, 1000 persons. | 2897 | 2894 | 2889 | . | . | . |
| GDP, real change in % | 1.0 | 1.8 | 2.8 | 2.9 | 3.3 | 3.3 |
| GDP per capita (EUR at PPP) | 7700 | 8300 | 8700 | . | . | . |
| Gross industrial production, real change in % | 28.3 | 1.6 | -5.0 | . | . | . |
| Unemployment rate - LFS, in %, average | 15.9 | 17.5 | 17.1 | 17.0 | 16.8 | 16.7 |
| Average gross monthly wages, EUR | 259 | 264 | 273 | . | . | . |
| Consumer prices, % p.a. | 1.9 | 1.6 | 1.9 | 0.9 | 1.5 | 2.0 |
| Fiscal balance in % of GDP | -5.0 | -5.2 | -4.0 | . | . | . |
| Public debt in % of GDP | 65.6 | 70.1 | 72.7 | . | . | . |
| Current account in % of GDP | -10.9 | -12.9 | -10.8 | -11.0 | -10.0 | -10.0 |
| FDI inflow, EUR mn | 945 | 869 | 890 | . | . | . |
| Gross external debt in % of GDP | 66.2 | 69.5 | 74.8 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 7-8/2016
Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2016
25 pages including 1 Table and 1 Figure
ALBANIA: Higher growth despite headwinds
Isilda Mara
in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, March 2016 , pp. 50-54
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