wiiw Forecast Reports

ALBANIA: Impressive resilience in the face of external shocks


Ravik Mima

in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. 36-39

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The Albanian economy displayed remarkable resilience in 2022, with a growth rate of 4.8%, driven by a bumper tourist season, robust FDI inflows and strong household consumption on the back of rising real incomes. Inflation was the lowest in the whole CESEE region, averaging 6.7%, but is still high by the country’s own standards. This year will be similar to 2022, with expected growth of 3.3% and inflation of 4%.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Albania