Albania
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Population, 1000 persons | 2812 | 2778 | 2745 | . | . | . |
| GDP, real change in % | 9.0 | 4.8 | 3.9 | 4.0 | 3.8 | 3.9 |
| GDP per capita (EUR at PPP) | 10310 | 12160 | 13720 | . | . | . |
| Gross industrial production, real change in % | 26.2 | 2.7 | -8.4 | . | . | . |
| Unemployment rate - LFS, in %, average | 11.5 | 10.9 | 10.7 | 10.4 | 10.0 | 9.7 |
| Average gross monthly wages, EUR | 467 | 520 | 648 | . | . | . |
| Consumer prices, % p.a. | 2.3 | 6.6 | 5.3 | 2.7 | 2.5 | 2.4 |
| Fiscal balance in % of GDP | -4.6 | -3.6 | -1.3 | -1.5 | -1.5 | -1.0 |
| Public debt in % of GDP | 74.1 | 64.1 | 57.5 | . | . | . |
| Current account in % of GDP | -7.7 | -5.9 | -1.2 | -2.9 | -3.1 | -2.5 |
| FDI inflow, EUR m | 1032 | 1371 | 1499 | . | . | . |
| Gross external debt in % of GDP | 64.0 | 54.1 | 46.3 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.
publication_icon
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
publication_icon
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
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.