Albania

Political turmoil and institutional clashes are jeopardising stability and EU prospects. Economic growth is losing speed and will stay below 4% as consumption and investment are levelling off. Besides, external demand is expected to weaken, and FDI inflows will drop. Downside risks from PPPs are on the rise. New impetus to growth is expected in the first half of the next decade, backed by the Shell discovery of extensive oil reserves in southern-central Albania.

map Albania
        FORECAST*
Main Economic Indicators201620172018201920202021
Population, 1000 persons287628732866...
GDP, real change in %3.33.84.13.73.73.5
GDP per capita (EUR at PPP)860091009400...
Gross industrial production, real change in %-18.0-0.618.5...
Unemployment rate - LFS, in %, average15.213.712.311.711.411.0
Average gross monthly wages, EUR346365397...
Consumer prices, % p.a.1.32.02.01.92.12.4
Fiscal balance in % of GDP-1.8-2.0-1.6...
Public debt in % of GDP72.470.168.1...
Current account in % of GDP-7.6-7.5-6.7-5.7-5.6-5.2
FDI inflow, EUR mn9439001022...
Gross external debt in % of GDP73.568.765.5...


Basic data are continuously updated.

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

publication_icon

Monthly Report No. 6/2019

Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Hermine Vidovic and Goran Vuksic
wiiw Monthly Report No. 6, June 2019
27 pages including 24 Tables and 1 Figure

Details

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ALBANIA: Growth will lose vigour

Isilda Mara
in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 57-61
Details and Buy


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