Despite the political turmoil, the Albanian economy has forged ahead supported both by domestic and external demand. Investments will continue on a positive path for the next two years. Monetary policy easing continues but the strong euroisation of the economy and weak credit growth is a constraint. Overall, taking into account the recent dynamics, growth is expected to edge up to 4% by the end of 2018.

map Albania
Main Economic Indicators201420152016201720182019
Population, 1000 persons288928812876...
GDP, real change in %
GDP per capita (EUR at PPP)830085008700...
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-10.8-8.6-7.6-9.6-9.3-9.0
FDI inflow, EUR mn869890943...
Gross external debt in % of GDP69.574.773.3...

Basic data are continuously updated.

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


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,
27 pages including 1 Table and 2 Figures



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
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