Growth has been held back by uneven energy supply. Although it will pick up in the next two years, it will remain below its potential. Private and government consumption will continue to support growth, the former underpinned by positive labour market trends, while investment will remain subdued. Outward migration of the young and highly skilled remains a drag on growth potential. Further delays to the start of EU accession negotiations create the risk of backsliding on reforms.

map Albania
Main Economic Indicators201620172018201920202021
Population, 1000 persons287628732866...
GDP, real change in %
GDP per capita (EUR at PPP)860091009500...
Gross industrial production, real change in %-18.0-0.618.5...
Unemployment rate - LFS, in %, average15.213.712.311.311.010.5
Average gross monthly wages, EUR346365397...
Consumer prices, % p.a.
Fiscal balance in % of GDP-1.8-2.0-1.6...
Public debt in % of GDP72.470.167.9...
Current account in % of GDP-7.6-7.5-6.8-7.3-6.6-6.1
FDI inflow, EUR mn9439001020...
Gross external debt in % of GDP73.568.765.3...

Basic data are continuously updated.

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


ALBANIA: Growth will remain below potential

Isilda Mara
in: Braced for Fallout from Global Slowdown
wiiw Forecast Report No. Autumn 2019, November 2019 , pp. 40-43
Details and Buy


Monthly Report No. 6/2019

Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Hermine Vidovic and Goran Vuksic
wiiw Monthly Report No. 6, June 2019
27 pages including 24 Tables and 1 Figure