Albania Current Account to GDP

Albania recorded a Current Account deficit of 9.05 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Albania averaged -5.16 Percent from 1980 until 2013, reaching an all time high of 2.24 Percent in 1999 and a record low of -15.30 Percent in 2009. Current Account to GDP in Albania is reported by the Bank of Albania.

   
 
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Albania Current Account to GDP


Actual Previous Highest Lowest Dates Unit Frequency
-9.05 -9.20 2.24 -15.30 1980 - 2013 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.

Trade Last Previous Highest Lowest Unit
Balance of Trade -22927.00 -21590.00 -974.05 -39313.20 ALL Million [+]
Exports 25217.70 22718.00 25217.70 96.64 ALL Million [+]
Imports 48144.70 44308.00 56838.00 1601.39 ALL Million [+]
Current Account -135.06 -112.49 43.49 -236.87 USD Million [+]
Current Account to GDP -9.05 -9.20 2.24 -15.30 Percent [+]
Capital Flows -205.25 88.59 357.92 -205.25 EUR Million [+]
Gold Reserves 1.57 1.57 3.73 1.57 Tonnes [+]





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