Albania | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q1/15 Q2/15 2020 2030 2050
Currency 123.29 124 126 133 120 108 [+]
GDP Actual Q1/15 Q2/15 2020 2030 2050
GDP 12.90 13.37 13.42 13.74 13.75 13.75 [+]
GDP Growth Rate 0.68 0.94 0.45 0.49 0.49 0.49 [+]
GDP Annual Growth Rate 3.30 3.7 1.7 2.46 2.37 2.37 [+]
GDP Constant Prices 290411.40 293309 294414 291556 291569 291569 [+]
GDP per capita 4087.08 4170 4181 4253 4256 4256 [+]
Gross Fixed Capital Formation 353877.79 359340 358959 347381 338224 339478 [+]
GDP per capita PPP 10588.87 10799 10844 11365 11507 11519 [+]
Labour Actual Q1/15 Q2/15 2020 2030 2050
Unemployment Rate 12.91 12.97 12.92 12.82 12.86 12.85 [+]
Employed Persons 947.00 950 947 945 945 945 [+]
Unemployed Persons 140.00 142 142 142 143 141 [+]
Wages 52900.00 53192 53042 53140 53138 53138 [+]
Population 2.77 2.74 2.73 2.61 2.5 2.42 [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Minimum Wages 22000.00 22192 22005 22028 22027 22027 [+]
Prices Actual Q1/15 Q2/15 2020 2030 2050
Inflation Rate 0.70 1.2 1.4 3.5 4 1.18 [+]
Inflation Rate Mom 0.70 -0.19 -1.26 0.94 0.94 0.94 [+]
Consumer Price Index CPI 116.98 119 117 118 118 118 [+]
Producer Prices 103.10 104 104 104 104 104 [+]
Producer Prices Change 2.18 1.27 1.43 0.87 0.86 0.86 [+]
Food Inflation 0.51 1.96 3.78 4.06 4.06 4.06 [+]
Money Actual Q1/15 Q2/15 2020 2030 2050
Interest Rate 2.00 2 1.95 2.5 3.5 5.4 [+]
Money Supply M0 319928.69 321777 323569 323923 323805 323662 [+]
Money Supply M1 325079.34 329656 332317 338526 338529 338529 [+]
Money Supply M2 700418.06 698043 703545 756538 809537 851641 [+]
Money Supply M3 1165843.81 1168238 1175017 1245910 1250396 1250403 [+]
Trade Actual Q1/15 Q2/15 2020 2030 2050
Balance of Trade -34660.10 -27830 -29785 -34227 -34228 -34228 [+]
Exports 19165.00 21074 21435 19923 19923 19923 [+]
Imports 53825.00 48903 51220 54150 54152 54152 [+]
Current Account -135.06 -147 -120 -146 -146 -146 [+]
Current Account to GDP -9.05 -9.69 -9.91 -10.25 -10.25 -10.25 [+]
Capital Flows -274.00 -505 -523 -531 -531 -531 [+]
Gold Reserves 1.57 1.57 1.57 1.57 1.57 1.57 [+]
Crude Oil Production 21.00 20.75 20.63 18.4 15.92 13.95 [+]
Government Actual Q1/15 Q2/15 2020 2030 2050
Government Budget -4.90 -5.82 -5.97 -6.65 -6.66 -6.66 [+]
Government Debt to GDP 60.92 63.19 63.46 64.32 66.11 66.52 [+]
Government Budget Value -72134.00 -16168 -29461 -58759 -58779 -58779 [+]
Government Spending 438820.00 224631 298037 426279 426301 426301 [+]
Credit Rating 35.00 [+]
Business Actual Q1/15 Q2/15 2020 2030 2050
Business Confidence 1.30 5.83 5.97 3.5 3.74 3.73 [+]
Industrial Production 11.60 12.71 12.54 12.17 12.17 12.17 [+]
Changes in Inventories 31320.36 45349 45621 46721 46730 46730 [+]
Consumer Actual Q1/15 Q2/15 2020 2030 2050
Consumer Confidence -12.92 -11.82 -11.43 -10.74 -10.75 -10.75 [+]
Retail Sales YoY 9.20 8.3 5.19 7.15 7.14 7.14 [+]
Consumer Spending 1053309.94 1098648 1103289 1149357 1158497 1158882 [+]
Taxes Actual Q1/15 Q2/15 2020 2030 2050
Corporate Tax Rate 15.00 17.86 18.31 19.94 19.94 19.94 [+]
Personal Income Tax Rate 23.00 29.98 30.96 34.05 34.06 34.06 [+]
Sales Tax Rate 20.00 20 20 20 20 20 [+]