Strong investment in energy infrastructure will keep real GDP growth at around 4% in 2017 and during the remainder of the forecast period. These investments are mostly privately financed. The budget of the re-elected government of Prime Minister Rama is in surplus. In addition, the tourism sector is doing well, and promises to be an ever more important driver of growth in the coming years.

map Albania
Main Economic Indicators201420152016201720182019
Population, 1000 persons2889288128762877..
GDP, real change in %
GDP per capita (EUR at PPP)830085008600...
Gross industrial production, real change in %1.5-2.1-16.6...
Unemployment rate - LFS, in %, average17.517.
Average gross monthly wages, EUR325335334...
Consumer prices, % p.a.
Fiscal balance in % of GDP-5.2-4.1-1.8...
Public debt in % of GDP70.173.172.4...
Current account in % of GDP-10.8-8.6-7.6-8.6-9.3-9.4
FDI inflow, EUR mn869890943...
Gross external debt in % of GDP69.574.773.5...

Basic data are continuously updated.

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


ALBANIA: Energy infrastructure construction boom

Isilda Mara
in: CESEE Back on Track to Convergence
wiiw Forecast Report No. Autumn 2017, November 2017 , pp. 46-49
Details and Buy


Monthly Report No. 7-8/2017

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, 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. 7-8, July-August 2017
27 pages including 1 Table and 2 Figures