map Albania
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%.
Main Economic Indicators202020212022202320242025
Population, 1000 persons283828122760...
GDP, real change in %-
GDP per capita (EUR at PPP)92101030011230...
Gross industrial production, real change in %-6.326.22.8...
Unemployment rate - LFS, in %, average11.711.510.910.510.09.5
Average gross monthly wages, EUR434467520...
Consumer prices, % p.a.
Fiscal balance in % of GDP-6.7-4.6-3.7-2.5-2.5-2.5
Public debt in % of GDP74.374.564.6...
Current account in % of GDP-8.7-7.7-6.0-5.9-5.8-5.8
FDI inflow, EUR m93710321372...
Gross external debt in % of GDP64.264.454.6...

Basic data are continuously updated.

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


Executive summary

Olga Pindyuk
in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. I-VI


Monthly Report No. 4/2023

Vasily Astrov, Olga Pindyuk, Maryna Tverdostup and Sergey Utkin
wiiw Monthly Report No. 4, April 2023
53 pages including 2 Tables and 33 Figures