The economy will continue to grow at above 3.6% in the medium term. Investment-driven economic growth will be supported by international capital inflows. A recovery in external demand is expected, in reaction to higher international oil prices and positive signs for the tourism industry. However, the parliamentary elections due in mid-June 2017 have been preceded by political tension, which has jeopardised their fairness, as well as the progress made in the judicial reform initiated last year.

map Albania
Main Economic Indicators201420152016201720182019
Population, 1000 persons.288928812876...
GDP, real change in %
GDP per capita (EUR at PPP)830086008900...
Gross industrial production, real change in %1.6-2.2-10.7...
Unemployment rate - LFS, in %, average17.517.115.214.814.514.0
Average gross monthly wages, EUR325335334...
Consumer prices, % p.a.
Fiscal balance in % of GDP-5.2-4.1-1.8...
Public debt in % of GDP70.172.772.0...
Current account in % of GDP-12.9-10.8-9.6-11.9-11.3-10.7
FDI inflow, EUR mn869890983...
Gross external debt in % of GDP69.574.472.9...

Basic data are continuously updated.

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


ALBANIA: Trans Adriatic Pipeline investment will underpin stronger growth momentum

Isilda Mara
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, , pp. 41-45
Details and Buy


Monthly Report No. 7-8/2016

Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8,
25 pages including 1 Table and 1 Figure