Albania

The drivers of growth will continue to be consumption, big infrastructure projects and tourism. The investments in infrastructure will be channelled through public–private partnerships, which boost growth in the medium term, but pose certain risks in the longer run. There are high expectations that after five decades of self-imposed isolation and three decades of involuntary exclusion, Albania will become part of the EU by 2025.

map Albania
        FORECAST*
Main Economic Indicators201520162017201820192020
Population, 1000 persons288128762877...
GDP, real change in %2.23.43.94.14.03.9
GDP per capita (EUR at PPP)850085008900...
Gross industrial production, real change in %-2.1-18.00.7...
Unemployment rate - LFS, in %, average17.115.213.813.012.512.0
Average gross monthly wages, EUR335334372...
Consumer prices, % p.a.1.91.32.02.83.03.0
Fiscal balance in % of GDP-4.1-1.8-1.9...
Public debt in % of GDP73.172.471.0...
Current account in % of GDP-8.6-7.6-6.7-7.9-7.5-7.5
FDI inflow, EUR mn890943908...
Gross external debt in % of GDP74.773.566.5...


Basic data are continuously updated.

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

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ALBANIA: High expectations for the commencement of EU membership negotiations

Isilda Mara
in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 68-71
Details and Buy

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Monthly Report No. 7-8/2017

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, August 2017
27 pages including 1 Table and 2 Figures

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