Albania | Economic Forecasts | 2015-2050 Outlook


Markets Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Currency 126.36 134 131 125 125 123 [+]
GDP Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
GDP 12.90 13.2 13.59 13.57 13.54 16.39 [+]
GDP Growth Rate 1.12 0 0.71 0.69 0.49 0.59 [+]
GDP Annual Growth Rate 2.42 5.54 1.3 6.88 6.43 5.53 [+]
GDP Constant Prices 294568.30 296257 298856 300046 301037 313718 [+]
GDP per capita 4087.08 4184 4212 4235 4259 4669 [+]
Gross Fixed Capital Formation 353877.79 332274 328044 325625 323207 238560 [+]
GDP per capita PPP 10588.87 10705 10765 10798 10831 11196 [+]
Labour Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Unemployment Rate 17.30 17.1 16.59 16.72 16.65 15.61 [+]
Employed Persons 946.00 936 942 938 939 940 [+]
Unemployed Persons 145.00 151 154 156 158 169 [+]
Wages 53800.00 53889 54092 54710 54744 54897 [+]
Population 2.90 2.9 2.9 2.9 2.9 2.89 [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Minimum Wages 22000.00 21854 21867 22046 21884 22036 [+]
Prices Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Inflation Rate 1.80 1.6 1.8 2.19 2.28 3.5 [+]
Inflation Rate Mom -1.80 0.83 1.36 0.33 0.2 0.2 [+]
Consumer Price Index CPI 119.37 118 119 121 119 119 [+]
Producer Prices 101.50 101 102 102 102 102 [+]
Producer Prices Change 0.30 -0.63 0.6 0.01 0.12 0.26 [+]
Food Inflation 5.50 3.36 4.11 4.21 4.03 4.08 [+]
Money Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Interest Rate 2.00 2.04 1.97 1.94 1.99 1.92 [+]
Money Supply M0 336003.72 336692 338168 336867 338202 338148 [+]
Money Supply M1 350671.86 358358 360783 362337 363365 365359 [+]
Money Supply M2 717583.84 730707 746628 746428 755966 899888 [+]
Money Supply M3 1193011.44 1216550 1230091 1229711 1242275 1397484 [+]
Banks Balance Sheet 1373791.84 1379892 1379358 1377518 1374894 1314173 [+]
Central Bank Balance Sheet 465272.11 460855 459160 457544 455953 430113 [+]
Loans To Private Sector 398287.03 393591 391090 388592 386129 354992 [+]
Trade Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Balance of Trade -20135.00 -23265 -27399 -21870 -23043 -23047 [+]
Exports 24094.00 22080 21750 21764 21660 21761 [+]
Imports 44229.00 42281 41998 42035 41848 44305 [+]
Current Account -377.55 -314 -320 -291 -289 -311 [+]
Current Account to GDP -9.05 -10.59 -11.14 -10.9 -10.65 -10.24 [+]
Capital Flows -264.83 -227 -214 -205 -196 -251 [+]
Gold Reserves 1.59 1.57 1.55 1.54 1.52 1.29 [+]
Crude Oil Production 21.00 20.75 20.65 20.55 20.46 18.94 [+]
External Debt 6997.40 7278 7477 7600 7701 7842 [+]
Foreign Direct Investment 255.90 226 216 214 204 162 [+]
Remittances 146.65 166 172 156 153 175 [+]
Government Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Government Budget -4.80 -6.13 -6.48 -6.19 -5.9 -0.66 [+]
Government Debt to GDP 60.92 63.94 64.08 65.31 66.53 60.71 [+]
Government Budget Value -9816.00 -29012 -51157 -9181 -23239 -23219 [+]
Government Spending 161723.00 262768 333742 129509 208103 207792 [+]
Credit Rating 35.00 [+]
Government Debt 959894.00 [+]
Business Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Business Confidence -2.10 -4.85 -5.34 -5.28 -4.99 -4.35 [+]
Industrial Production -17.80 2.39 -1.81 14.42 2.72 1.8 [+]
Changes in Inventories 35102.91 28821 28788 29456 30124 25533 [+]
Competitiveness Index 3.83 3.73 3.73 3.73 3.73 3.76 [+]
Competitiveness Rank 97.00 89.67 89.67 89.67 89.67 84.92 [+]
Corruption Index 33.00 31.43 31.2 31.48 31.76 30.73 [+]
Corruption Rank 110.00 103 102 100 99 98.09 [+]
Ease of Doing Business 68.00 88.23 93.7 90.19 86.68 84.18 [+]
Consumer Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Consumer Confidence -15.60 -12.36 -13.51 -12.51 -13.04 -12.93 [+]
Retail Sales YoY 3.49 7.01 4.47 5.04 5.01 4.96 [+]
Consumer Spending 1053309.94 1068217 1077624 1080829 1084034 1104163 [+]
Consumer Credit 146834.98 147018 146735 146361 145927 140286 [+]
Gasoline Prices 1.49 1.49 1.49 1.48 1.48 1.45 [+]
Housing Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Building Permits 51.00 97.41 96.33 96.62 96.54 96.56 [+]
Taxes Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Corporate Tax Rate 15.00 15.66 15.66 15.66 15.66 16.53 [+]
Personal Income Tax Rate 23.00 18.79 20.59 20.25 19.92 17.12 [+]
Sales Tax Rate 20.00 20 20 20 20 20 [+]
Social Security Rate 27.90 27.9 27.9 27.9 27.9 27.9 [+]
Social Security Rate For Companies 16.70 16.7 16.7 16.7 16.7 16.7 [+]
Social Security Rate For Employees 11.20 11.2 11.2 11.2 11.2 11.2 [+]



Economic Forecasts for Albania including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Albania economy. 7/4/2015