Albania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
GDP Growth Rate 0.94 0.62 0.48 0.67 0.64 0.59 percent [+]
Unemployment Rate 17.50 16.91 17.1 17 17.2 15.86 percent [+]
Inflation Rate 1.50 2.1 2.2 2.1 2.3 3 percent [+]
Interest Rate 1.75 1.75 1.75 1.75 1.75 0.75 percent [+]
Balance of Trade -35120.80 -28122 -28041 -28030 -28029 -28029 ALL Million [+]
Government Debt to GDP 69.11 68.69 69.77 70.86 71.94 83.78 percent [+]
Markets Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Currency 123.22 129 131 133 134 102 [+]
GDP Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
GDP Growth Rate 0.94 0.62 0.48 0.67 0.64 0.59 percent [+]
GDP Annual Growth Rate 2.98 2.88 2.43 2.11 2.78 3.51 percent [+]
GDP 13.21 13.22 13.16 13.11 13.06 13.49 USD Billion [+]
GDP Constant Prices 342646.80 345920 349385 353151 357115 430800 ALL Million [+]
Gross Fixed Capital Formation 90278.40 68286 110928 95603 144185 222274 ALL Million [+]
GDP per capita 3994.63 4012 4030 4048 4066 4468 USD [+]
GDP per capita PPP 10160.34 10206 10252 10297 10343 11289 USD [+]
GDP From Agriculture 62528.10 62603 62716 62638 62692 62670 ALL Million [+]
GDP From Construction 35105.60 36047 34413 34903 35060 34886 ALL Million [+]
GDP From Manufacturing 18901.60 18706 18176 17721 17372 17398 ALL Million [+]
GDP From Mining 45258.40 44180 45061 45014 44571 44953 ALL Million [+]
GDP From Public Administration 39256.80 40382 41263 41141 41817 48303 ALL Million [+]
GDP From Services 53838.40 54423 54629 54434 54410 54121 ALL Million [+]
Labour Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Unemployment Rate 17.50 16.91 17.1 17 17.2 15.86 percent [+]
Employed Persons 1002.00 1004 1007 998 999 999 Thousand [+]
Unemployed Persons 152.00 155 156 157 157 162 Thousand [+]
Labor Force Participation Rate 55.90 64.31 64.76 65.97 65.97 84.3 percent [+]
Wages 53980.00 55139 55506 55806 56218 62059 ALL/Month [+]
Minimum Wages 22000.00 22000 22000 22000 22000 22000 ALL/Month [+]
Population 2.89 2.89 2.88 2.88 2.88 2.86 Million [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Prices Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Inflation Rate 1.50 2.1 2.2 2.1 2.3 3 percent [+]
Inflation Rate Mom 0.90 0.4 -0.01 0.27 0.2 0.19 percent [+]
Consumer Price Index CPI 100.88 75.13 43.12 50.32 44.72 42.06 Index Points [+]
Producer Prices 99.96 99.95 99.54 99.86 99.67 99.71 Index Points [+]
Producer Prices Change -3.04 -2.3 -2.68 -0.73 -2.33 -1.93 percent [+]
Food Inflation 4.30 3.73 4.53 4.45 4.28 4.38 percent [+]
Money Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Interest Rate 1.75 1.75 1.75 1.75 1.75 0.75 percent [+]
Money Supply M0 342944.23 355623 359588 363701 367943 447573 ALL Million [+]
Money Supply M1 367178.74 380438 388252 396076 403950 548594 ALL Million [+]
Money Supply M2 710899.44 721522 726393 731263 736134 815362 ALL Million [+]
Money Supply M3 1197935.52 1230625 1251436 1272746 1294564 1723224 ALL Million [+]
Banks Balance Sheet 1380674.62 1452700 1484289 1516422 1549116 2162620 ALL Million [+]
Deposit Interest Rate 1.91 3.39 2.78 2.18 1.57 1.63 percent [+]
Loans To Private Sector 391193.40 390435 390431 390198 389872 384999 ALL Million [+]
Central Bank Balance Sheet 527073.20 547168 557681 567934 577931 707834 ALL Million [+]
Trade Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Balance of Trade -35120.80 -28122 -28041 -28030 -28029 -28029 ALL Million [+]
Exports 17806.30 19535 19295 19318 19328 19326 ALL Million [+]
Imports 52927.10 47806 48513 48368 48311 48347 ALL Million [+]
Current Account -325.60 -254 -256 -258 -260 -291 EUR Million [+]
Current Account to GDP -12.10 -12.9 -12.34 -11.79 -11.23 -11.49 percent [+]
Capital Flows -378.04 -399 -303 -370 -304 -331 EUR Million [+]
Gold Reserves 1.57 1.56 1.56 1.56 1.56 1.56 Tonnes [+]
Remittances 136.22 147 159 142 161 154 EUR Million [+]
Foreign Direct Investment 232.10 242 254 233 236 238 EUR Million [+]
External Debt 7475.84 7718 7894 7999 8096 9188 EUR Million [+]
Crude Oil Production 20.00 20.1 20.12 20.11 20.11 20.11 BBL/D/1K [+]
Terrorism Index 2.12 2.12 2.12 2.12 2.12 2.12 [+]
Government Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Government Debt to GDP 69.11 68.69 69.77 70.86 71.94 83.78 percent [+]
Government Budget -5.10 -5.39 -5.05 -4.71 -4.36 -4.52 percent of GDP [+]
Government Budget Value -24438.00 -22566 -21774 -21985 -22085 -22051 ALL Million [+]
Government Spending 38508.20 36179 38172 38599 38481 38414 ALL Million [+]
Government Revenues 343446.00 154461 199074 213784 197494 201365 ALL Million [+]
Government Debt 1004731.00 1046321 1066909 1087360 1107675 1414926 ALL Million [+]
Fiscal Expenditure 367884.00 174784 219469 233300 217761 221536 ALL Million [+]
Credit Rating 35.00 [+]
Business Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Business Confidence 5.70 4.71 3.4 3.24 2.52 3.06 [+]
Industrial Production 23.00 15.55 0 -6.64 7.13 5.05 percent [+]
Changes in Inventories 19249.51 23062 19434 15806 12178 34000 ALL Million [+]
Competitiveness Index 3.93 3.81 3.81 3.81 3.81 4.01 Points [+]
Competitiveness Rank 93.00 87.93 87.93 87.93 87.93 39.1 [+]
Ease of Doing Business 97.00 97.54 91.57 85.6 79.63 85.15 [+]
Corruption Index 36.00 35.43 35.92 36.42 36.91 45.38 Points [+]
Corruption Rank 88.00 121 120 119 118 116 [+]
Consumer Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Consumer Confidence -11.80 -11.89 -11.81 -11.62 -11.88 -11.8 [+]
Retail Sales YoY 13.27 7.47 4.03 3.75 4.59 5.04 percent [+]
Consumer Spending 276076.80 295491 301809 309226 315789 370683 ALL Million [+]
Gasoline Prices 1.35 1.38 1.42 1.41 1.43 1.42 USD/Liter [+]
Consumer Credit 146141.72 145544 145143 144790 144479 142502 ALL Million [+]
Housing Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Building Permits 12.00 47.97 52.76 51.3 51.74 51.64 [+]
Taxes Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Corporate Tax Rate 15.00 15 15 15 15 15 percent [+]
Personal Income Tax Rate 23.00 23 23 23 23 23 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate 27.90 27.9 27.9 27.9 27.9 27.9 percent [+]
Social Security Rate For Companies 16.70 16.7 16.7 16.7 16.7 16.7 percent [+]
Social Security Rate For Employees 11.20 11.2 11.2 11.2 11.2 11.2 percent [+]





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. 2/14/2016