Albania | Economic Forecasts | 2015-2050 Outlook


Markets Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Currency 127.90 134 131 132 133 123 [+]
GDP Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
GDP 13.37 13.32 13.24 13.28 13.31 16.29 [+]
GDP Growth Rate 0.32 0 0.71 0.69 0.49 0.59 [+]
GDP Annual Growth Rate 2.82 2.54 1.3 1.88 2.43 3.53 [+]
GDP Constant Prices 338514.40 296257 298856 300046 301037 313718 [+]
GDP per capita 3994.63 4184 4212 4235 4259 4669 [+]
Gross Fixed Capital Formation 76528.07 332274 328044 325625 323207 238560 [+]
GDP per capita PPP 10160.34 10299 10319 10381 10443 11101 [+]
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 2.89 2.9 2.9 2.9 2.9 2.93 [+]
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 1.40 1.6 1.8 1.97 2.11 3.5 [+]
Inflation Rate Mom -1.10 0.83 1.36 0.33 0.2 0.2 [+]
Consumer Price Index CPI 118.10 118 119 121 119 119 [+]
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 2.90 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 2 2 2.25 3 [+]
Money Supply M0 338145.62 344795 353272 348938 354918 421856 [+]
Money Supply M1 358825.37 358358 360783 362337 363365 365359 [+]
Money Supply M2 724470.29 730707 746628 746428 755966 899888 [+]
Money Supply M3 1198833.13 1216550 1230091 1229711 1242275 1397484 [+]
Banks Balance Sheet 1376148.66 1379892 1379358 1377518 1374894 1314173 [+]
Central Bank Balance Sheet 474884.32 460855 459160 457544 455953 430113 [+]
Loans To Private Sector 400772.34 393591 391090 388592 386129 354992 [+]
Trade Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Balance of Trade -25003.00 -23265 -27399 -21870 -23043 -23047 [+]
Exports 23801.00 22080 21750 21764 21660 21761 [+]
Imports 48804.00 42281 41998 42035 41848 44305 [+]
Current Account -230.02 -314 -320 -291 -289 -311 [+]
Current Account to GDP -12.10 -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 22.00 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 -5.10 -6.13 -6.48 -6.19 -5.9 -0.66 [+]
Government Debt to GDP 69.11 70.57 71.62 72.64 73.67 72.57 [+]
Government Budget Value -9816.00 -29012 -51157 -9181 -23239 -23219 [+]
Government Spending 36106.90 262768 333742 129509 208103 207792 [+]
Credit Rating 35.00 [+]
Fiscal Expenditure 161723.00 [+]
Government Debt 957372.00 957248 955939 954639 953348 931586 [+]
Government Revenues 151907.00 [+]
Business Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Business Confidence 3.80 -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 3.81 3.81 3.8 3.8 3.75 [+]
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 -8.80 -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 261503.32 1068217 1077624 1080829 1084034 1104163 [+]
Consumer Credit 147145.09 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 15.17 15.17 15.17 15.17 16.53 [+]
Personal Income Tax Rate 23.00 18.79 20.58 20.25 19.91 17.11 [+]
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. 7/31/2015