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.
|Main Economic Indicators||2014||2015||2016||2017||2018||2019|
|Population, 1000 persons.||2894||2889||2886||.||.||.|
|GDP, real change in %||1.8||2.6||3.2||3.5||3.9||4.0|
|GDP per capita (EUR at PPP)||8300||8600||8900||.||.||.|
|Gross industrial production, real change in %||1.6||-2.2||-10.7||.||.||.|
|Unemployment rate - LFS, in %, average||17.5||17.1||15.2||14.8||14.5||14.0|
|Average gross monthly wages, EUR||325||335||355||.||.||.|
|Consumer prices, % p.a.||1.6||1.9||1.3||2.3||2.8||3.0|
|Fiscal balance in % of GDP||-5.2||-4.1||-2.1||.||.||.|
|Public debt in % of GDP||70.1||72.7||71.6||.||.||.|
|Current account in % of GDP||-12.9||-10.8||-11.5||-11.9||-11.3||-10.7|
|FDI inflow, EUR mn||869||890||860||.||.||.|
|Gross external debt in % of GDP||69.5||74.9||72.0||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
ALBANIA: Trans Adriatic Pipeline investment will underpin stronger growth momentum
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 41-45 Details and Buy
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