Economic growth, supported both by domestic and external demand, will continue, but at a slower pace. Remittances – close to 6% of GDP – will boost consumption, and will also contribute to a lower current account deficit. Fiscal consolidation is expected to continue, via a cut in expenditures. Intensification of investments in renewable energy is expected to boost alternate sources of energy production. Uncertainty about FDI inflows is expected. Political unrest and massive protests threaten macroeconomic stability and the process of EU integration.

map Albania
Main Economic Indicators201620172018201920202021
Population, 1000 persons287628732866...
GDP, real change in %
GDP per capita (EUR at PPP)870091009300...
Gross industrial production, real change in %-18.0-0.618.5...
Unemployment rate - LFS, in %, average15.213.712.311.511.010.0
Average gross monthly wages, EUR346365397...
Consumer prices, % p.a.
Fiscal balance in % of GDP-1.8-2.0-1.6...
Public debt in % of GDP72.470.168.1...
Current account in % of GDP-7.6-7.5-6.7-6.4-5.9-5.8
FDI inflow, EUR mn9439001022...
Gross external debt in % of GDP73.568.765.5...

Basic data are continuously updated.

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


ALBANIA: Growth will lose vigour

Isilda Mara
in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 57-61
Details and Buy


Monthly Report No. 6/2018

Vasily Astrov, Rumen Dobrinsky, 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. 6, June 2018
27 pages including 1 Table and 1 Figure