Albania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.90 -0.3 0.4 0.9 0.6 0.4 percent [+]
Unemployment Rate 15.20 14.2 13.8 13.6 13.2 11.5 percent [+]
Inflation Rate 2.20 2.2 2.3 2.4 2.5 3 percent [+]
Interest Rate 1.25 1 1 1 1.25 3 percent [+]
Balance of Trade -33679.40 -27767 -27782 -27781 -27781 -27781 ALL Million [+]
Government Debt to GDP 72.13 72.32 72.88 73.45 74.02 80.06 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 127.97 131 132 133 135 154 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.90 -0.3 0.4 0.9 0.6 0.4 percent [+]
GDP Annual Growth Rate 3.10 2.9 2.7 3.52 2.2 2 percent [+]
GDP 11.40 11.68 11.72 11.55 11.96 14.55 USD Billion [+]
GDP Constant Prices 352819.50 367335 373969 380720 387516 468760 ALL Million [+]
Gross Fixed Capital Formation 98168.67 101000 107000 110000 114000 144000 ALL Million [+]
GDP per capita 4543.09 4580 4600 4620 4620 4970 USD [+]
GDP per capita PPP 10401.18 10300 10300 10400 10400 11200 USD [+]
GDP From Agriculture 64571.02 64540 65064 65473 65885 71033 ALL Million [+]
GDP From Construction 36568.05 33816 33486 33506 33632 33573 ALL Million [+]
GDP From Manufacturing 19854.46 19879 19886 19695 19680 20020 ALL Million [+]
GDP From Mining 43450.88 46548 46094 46142 46412 46269 ALL Million [+]
GDP From Public Administration 40039.25 41213 41492 41887 42578 46686 ALL Million [+]
GDP From Services 54448.80 55514 55347 55285 55170 55123 ALL Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 15.20 14.2 13.8 13.6 13.2 11.5 percent [+]
Unemployed Persons 115.00 98.38 92.66 88.81 86.88 130 Thousand [+]
Employed Persons 1057.00 1059 1059 1057 1057 1057 Thousand [+]
Labor Force Participation Rate 67.30 68.23 68.43 68.56 68.54 68.54 percent [+]
Wages 54550.00 55250 55503 55711 55977 58830 ALL/Month [+]
Minimum Wages 22000.00 22000 22000 22000 22000 22000 ALL/Month [+]
Population 2.89 2.88 2.88 2.88 2.88 2.87 Million [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Youth Unemployment Rate 27.40 27.42 26.53 25.92 25.03 23.43 percent [+]
Employment Rate 57.10 58.15 58.38 58.9 59.1 58.86 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 2.20 2.2 2.3 2.4 2.5 3 percent [+]
Inflation Rate Mom 0.90 0.06 0.05 0.05 0.05 0.05 percent [+]
Consumer Price Index CPI 102.18 105 102 102 103 105 Index Points [+]
Producer Prices 98.80 98.74 98.68 98.59 98.51 97.8 Index Points [+]
Producer Prices Change -1.20 -0.88 -3.09 -1.96 -1.95 -1.74 percent [+]
Food Inflation 4.80 3.49 3.61 3.62 3.61 3.6 percent [+]
Cpi Transportation 99.19 99.09 99.11 99.15 99.15 99.15 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 1.25 1 1 1 1.25 3 percent [+]
Money Supply M0 376009.28 376676 378252 376714 378219 378186 ALL Million [+]
Money Supply M1 409879.98 417613 421896 425267 427922 437189 ALL Million [+]
Money Supply M2 711789.50 716248 718814 721439 724045 754169 ALL Million [+]
Money Supply M3 1233790.81 1244853 1252763 1260480 1268132 1353097 ALL Million [+]
Banks Balance Sheet 1436644.08 1455912 1469910 1483839 1497684 1657400 ALL Million [+]
Deposit Interest Rate 0.25 0.22 0.22 0.21 0.21 0.16 percent [+]
Lending Rate 2.25 2.19 2.08 2.03 2 1.96 percent [+]
Loans To Private Sector 386594.15 382100 380462 378978 377584 364422 ALL Million [+]
Central Bank Balance Sheet 504121.47 503031 502104 502931 502176 502424 ALL Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -33679.40 -27767 -27782 -27781 -27781 -27781 ALL Million [+]
Exports 21831.00 21202 20983 21032 21024 21024 ALL Million [+]
Imports 55510.30 48773 49018 48944 48947 48950 ALL Million [+]
Current Account -207.64 -312 -313 -312 -312 -312 EUR Million [+]
Current Account to GDP -10.10 -11.15 -11.12 -11.1 -11.08 -11.1 percent [+]
Capital Flows -12.72 -104 -155 -148 -134 -140 EUR Million [+]
Gold Reserves 1.57 1.57 1.57 1.57 1.57 1.57 Tonnes [+]
Remittances 159.57 141 153 158 154 153 EUR Million [+]
Terrorism Index 1.10 0.92 0.69 0.46 0.23 0.92 [+]
Foreign Direct Investment 288.14 217 198 225 248 235 EUR Million [+]
Crude Oil Production 20.00 20 20 20 20 20 BBL/D/1K [+]
External Debt 7924.21 8049 8093 8146 8189 8533 EUR Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 72.13 72.32 72.88 73.45 74.02 80.06 percent [+]
Government Budget -4.00 -4.54 -4.25 -3.96 -3.67 -3.87 percent of GDP [+]
Government Budget Value 7094.00 -2843 -1384 -947 -1116 -1143 ALL Million [+]
Government Spending 34156.69 36665 36806 36754 36764 36739 ALL Million [+]
Government Revenues 368310.00 168785 214996 210503 200071 204833 ALL Million [+]
Government Debt 1012033.00 1034168 1048003 1058936 1072305 1229572 ALL Million [+]
Fiscal Expenditure 361216.00 181972 218719 216043 207865 211384 ALL Million [+]
Military Expenditure 154.70 162 155 148 147 129 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence -0.10 -4.8 -5.2 -4.5 -2.8 -5 [+]
Industrial Production -11.20 -2.58 0.71 -0.67 -2.47 -4.53 percent [+]
Changes in Inventories 192706.26 47748 51411 55074 58738 55179 ALL Million [+]
Mining Production -39.30 -34.74 -35.8 -34.94 -35.1 -35.86 percent [+]
Manufacturing Production -11.20 1.65 5.47 9.38 9.96 7.87 percent [+]
Competitiveness Index 4.06 4 4 4 4 4.12 Points [+]
Competitiveness Rank 80.00 95 95 95 90 94 [+]
Corruption Index 36.00 34.83 35.15 35.46 35.78 41.63 Points [+]
Corruption Rank 88.00 104 103 103 102 105 [+]
Ease of Doing Business 58.00 81.58 86.29 91 95.71 78.89 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence -9.60 -13.2 -13.94 -12.5 -10.5 -12 [+]
Retail Sales YoY -0.55 1.72 5.64 6.44 5.72 5.11 percent [+]
Consumer Spending 317162.04 315277 315181 315204 315213 315212 ALL Million [+]
Gasoline Prices 1.26 1.24 1.24 1.24 1.24 1.24 USD/Liter [+]
Consumer Credit 151624.59 156897 158747 160378 161816 170164 ALL Million [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Construction Output 7.90 16.96 8.44 9.4 11.66 10.81 percent [+]
Building Permits 98.00 66.66 66.91 66.87 66.88 66.87 [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 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. 1/22/2017