Albania

The economy will continue to grow at above 3.6% in the medium term. Investment-driven economic growth will be supported by international capital inflows. A recovery in external demand is expected, in reaction to higher international oil prices and positive signs for the tourism industry. However, the parliamentary elections due in mid-June 2017 have been preceded by political tension, which has jeopardised their fairness, as well as the progress made in the judicial reform initiated last year.

map Albania
        FORECAST*
Main Economic Indicators201420152016201720182019
Population, 1000 persons.288928812876...
GDP, real change in %1.82.63.53.53.94.0
GDP per capita (EUR at PPP)830086008900...
Gross industrial production, real change in %1.6-2.2-10.7...
Unemployment rate - LFS, in %, average17.517.115.214.814.514.0
Average gross monthly wages, EUR325335355...
Consumer prices, % p.a.1.61.91.32.32.83.0
Fiscal balance in % of GDP-5.2-4.1-2.1...
Public debt in % of GDP70.172.771.6...
Current account in % of GDP-12.9-10.8-9.6-11.9-11.3-10.7
FDI inflow, EUR mn869890983...
Gross external debt in % of GDP69.574.472.9...


Basic data are continuously updated.

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

publication_icon

ALBANIA: Trans Adriatic Pipeline investment will underpin stronger growth momentum

Isilda Mara
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, , pp. 41-45
Details and Buy

publication_icon

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,
25 pages including 1 Table and 1 Figure

Details


top