Albania

In April 2018 the European Commission recommended the unconditional start of EU membership talks with Albania; the final decision of the European Council is expected by June. The year so far has witnessed an unprecedented appreciation of the Albanian currency. Further volatile exchange rates are expected in the coming months owing to seasonality. Backed by a booming tourism sector, large infrastructure projects – some close to completion and new ones in the pipeline – and consumption, the economy will grow by above 4% in the medium term.

map Albania
        FORECAST*
Main Economic Indicators201520162017201820192020
Population, 1000 persons288128762873...
GDP, real change in %2.23.43.83.84.14.0
GDP per capita (EUR at PPP)860085008900...
Gross industrial production, real change in %-2.1-18.0-0.6...
Unemployment rate - LFS, in %, average17.115.213.713.012.512.0
Average gross monthly wages, EUR335334372...
Consumer prices, % p.a.1.91.32.02.12.53.0
Fiscal balance in % of GDP-4.1-1.8-2.0...
Public debt in % of GDP72.772.370.1...
Current account in % of GDP-8.6-7.6-7.5-7.1-6.6-6.0
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.

publication_icon

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

Details

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ALBANIA: High expectations for the commencement of EU membership negotiations

Isilda Mara
in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 68-71
Details and Buy


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