Albania Crude Oil Production  Forecast 2016-2020

Crude Oil Production in Albania is expected to be 20.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Albania to stand at 20.00 in 12 months time. In the long-term, the Albania Crude Oil Production is projected to trend around 20.00 BBL/D/1K in 2020, according to our econometric models.

Albania Crude Oil Production
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Forecast Actual Q1/17 Q2/17 Q3/17 Q4/17 2020 Unit
Crude Oil Production 20 20 20 20 20 20 BBL/D/1K
Albania Crude Oil Production Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Albania Crude Oil Production using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Albania Crude Oil Production - was last predicted on Tuesday, March 28, 2017.
Albania Trade Last Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -23780 -24695 -26014 -26022 -26031 -26031
Exports 20087 20624 20515 20606 20590 20591
Imports 43868 45244 46981 45797 46485 46338
Current Account -208 -312 -313 -312 -312 -312
Current Account to GDP -10.1 -11.15 -11.12 -11.1 -11.08 -11.1
Capital Flows -12.72 -104 -155 -148 -134 -140
Gold Reserves 1.57 1.57 1.57 1.57 1.57 1.57
Remittances 160 141 153 158 154 153
Terrorism Index 1.1 0.92 0.69 0.46 0.23 0.92
Foreign Direct Investment 288 217 198 225 248 235
Crude Oil Production 20 20 20 20 20 20
External Debt 7924 8049 8093 8146 8189 8533