Albania Current Account to GDP  1980-2016 | Data | Chart | Calendar

Albania is expected to record a current account deficit equivalent to 10.9 of GDP in 2015, according to European Commission's Winter 2016 Economic Forecast. Current Account to GDP in Albania averaged -5.47 percent from 1980 until 2014, reaching an all time high of 2.24 percent in 1999 and a record low of -15.70 percent in 2008. Current Account to GDP in Albania is reported by the Bank of Albania.

Albania Current Account to GDP
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Actual Previous Highest Lowest Dates Unit Frequency
-12.10 -10.60 2.24 -15.70 1980 - 2014 percent Yearly
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Albania Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Albania Trade Last Previous Highest Lowest Unit
Balance of Trade -35120.80 -29448.00 -974.05 -39313.20 ALL Million [+]
Exports 17806.30 19431.20 25317.30 96.64 ALL Million [+]
Imports 52927.10 48879.30 59045.20 1601.39 ALL Million [+]
Current Account -325.60 -170.52 32.35 -453.26 EUR Million [+]
Current Account to GDP -12.10 -10.60 2.24 -15.70 percent [+]
Capital Flows -378.04 -179.64 357.92 -378.04 EUR Million [+]
Gold Reserves 1.57 1.59 3.73 1.57 Tonnes [+]
Remittances 136.22 162.49 295.68 115.07 EUR Million [+]
Foreign Direct Investment 232.10 209.13 337.27 28.01 EUR Million [+]
External Debt 7475.84 7259.22 7475.84 1269.01 EUR Million [+]
Crude Oil Production 20.00 20.00 22.00 5.00 BBL/D/1K [+]
Terrorism Index 2.12 0.22 2.12 0.00 [+]




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