Albania

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Economic growth is projected to reach 4% in 2024. Inflation remains low and stable. However, vigilance is required, as credit demand for real estate is growing rapidly. Currency appreciation has been hurting the export of goods. The growth in tourism is continuing, but it will not prevent the current account deficit from widening further. FDI inflows will remain buoyant, with the energy sector and manufacturing benefiting the most.
        FORECAST*
Main Economic Indicators202120222023202420252026
Population, 1000 persons281227782745...
GDP, real change in %9.04.83.94.03.83.9
GDP per capita (EUR at PPP)103101216013720...
Gross industrial production, real change in %26.22.7-8.4...
Unemployment rate - LFS, in %, average11.510.910.710.410.09.7
Average gross monthly wages, EUR467520648...
Consumer prices, % p.a.2.36.65.32.72.52.4
Fiscal balance in % of GDP-4.6-3.6-1.3-1.5-1.5-1.0
Public debt in % of GDP74.164.157.5...
Current account in % of GDP-7.7-5.9-1.2-2.9-3.1-2.5
FDI inflow, EUR m103213711499...
Gross external debt in % of GDP64.054.146.3...


Basic data are continuously updated.

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

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Monthly Report No. 12/2024

Branimir Jovanović, Artem Kochnev, Manuel Neubauer and Monika Schwarzhappel
wiiw Monthly Report No. 12, December 2024
55 pages including 1 Table and 38 Figures

Details

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Executive summary

Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII
Details


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