Albania

Our forecasts are largely unchanged from the spring, and we continue to expect the economy to remain strong and grow above 4% in the medium term. Both domestic and external demand will support growth. Higher international oil prices should mean higher investments and exports in this sector. Public private partnership projects must be transparent and well monitored in order to avoid rises in public debt. Tangible progress of judicial system reform is critical for the start of EU membership talks.

map Albania
        FORECAST*
Main Economic Indicators201520162017201820192020
Population, 1000 persons288128762873...
GDP, real change in %2.23.43.84.14.04.0
GDP per capita (EUR at PPP)860085008700...
Gross industrial production, real change in %-2.1-18.0-0.6...
Unemployment rate - LFS, in %, average17.115.213.712.412.212.0
Average gross monthly wages, EUR335334372...
Consumer prices, % p.a.1.91.32.02.12.52.9
Fiscal balance in % of GDP-4.1-1.8-2.0...
Public debt in % of GDP72.772.370.1...
Current account in % of GDP-8.6-7.6-7.5-8.0-7.2-6.7
FDI inflow, EUR mn890943900...
Gross external debt in % of GDP74.473.468.5...


Basic data are continuously updated.

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

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ALBANIA: Growth led by rebound in electricity production and exports

Isilda Mara
in: Strong Growth Amid Increased Negative Risks
wiiw Forecast Report No. Autumn 2018, November 2018 , pp. 60-63
Details and Buy

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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

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