Albania | Economic Forecasts | 2013-2015 Outlook

Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Markets Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Currency 101.38 Apr-14 102 May-14 103 99.79 99.16 99.89 101 101 101 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
GDP Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
GDP 12.65 Dec-12 13.69 Jun-14 13.29 13.3 13.32 13.33 14.18 16 22.49 [+]
GDP Annual Growth Rate 1.10 Dec-13 -2.2 Jun-14 -2.2 -2.54 -1.97 -0.46 0.15 2 2.75 [+]
GDP Constant Prices 238905.70 Nov-13 235721 Jun-14 235721 235516 235943 236098 251630 283408 396728 [+]
GDP per capita 3549.50 Dec-12 3562 Jun-14 3545 3548 3551 3554 3780 4282 6030 [+]
GDP per capita PPP 8123.13 Dec-12 8153 Jun-14 8113 8120 8127 8133 8651 9800 13801 [+]
GDP Growth Rate 2.32 Dec-13 -0.28 Jun-14 -0.28 -0.36 -0.27 0.73 0.56 2.07 2.57 [+]
Gross Fixed Capital Formation 415121.00 Jun-08 525526 Jun-14 525526 527074 528509 529838 533268 543708 546473 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Labour Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Employed Persons 921.00 Nov-13 930 Jun-14 930 932 932 932 1002 1122 1576 [+]
Population 3.16 Dec-12 3.18 Jun-14 3.17 3.17 3.18 3.18 3.18 3.2 3.21 [+]
Retirement Age Men 65.00 Jan-14 65 Jun-14 65 65 65 65 65 65 65 [+]
Retirement Age Women 60.00 Jan-14 60 Jun-14 60 60 60 60 60 60 60 [+]
Unemployed Persons 144.00 Nov-13 145 Jun-14 145 145 146 146 146 146 143 [+]
Unemployment Rate 13.50 Nov-13 15.73 Jun-14 15.73 15.57 12.5 15.27 14.57 8.53 8.47 [+]
Wages 52600.00 Nov-13 53095 Jun-14 53095 53569 53674 53560 53847 53678 53676 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Prices Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Consumer Price Index (CPI) 119.31 Mar-14 118 Jun-14 116 117 119 121 127 146 206 [+]
Inflation Rate 2.20 Mar-14 1.04 Jun-14 1.04 1.3 1.21 1.62 1.47 3.23 3.64 [+]
Inflation Rate Mom 0.49 Mar-14 -0.65 Jun-14 -0.65 0.82 1.54 0.41 1.55 3.35 3.75 [+]
Producer Prices 113.20 Dec-13 114 Jun-14 113 113 113 113 120 135 190 [+]
Producer Prices Change 0.05 Dec-13 0.56 Jun-14 0.56 0.52 0.47 0.57 0.25 1.96 3.5 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Money Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Interest Rate 2.75 Mar-14 2.5 Jun-14 2.77 2.55 2.34 2.13 2.47 3.51 4.9 [+]
Money Supply M0 303750.79 Feb-14 312310 Jun-14 311249 313984 317964 309578 333356 374125 525881 [+]
Money Supply M1 292215.10 Feb-14 304043 Jun-14 297966 299251 306517 295137 319223 359975 505990 [+]
Money Supply M2 687588.61 Feb-14 707638 Jun-14 698320 699134 706821 698763 750522 839902 1179293 [+]
Money Supply M3 1140567.77 Feb-14 1155224 Jun-14 1146491 1158404 1162980 1153192 1238280 1391073 1952716 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Trade Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Balance of Trade -18738.00 Feb-14 -23809 Jun-14 -23812 -24862 -28751 -23280 -30247 -34042 -47814 [+]
Capital Flows 88.59 Dec-13 72.42 Jun-14 37.11 47.36 61.79 47.37 63.49 84.74 112 [+]
Current Account -135.06 Dec-13 -126 Jun-14 -115 -122 -146 -119 -145 -145 -145 [+]
Current Account to GDP -13.24 Dec-12 -14.07 Jun-14 -12.67 -12.61 -12.58 -12.58 -12.65 -8.09 -4.65 [+]
Exports 20294.00 Feb-14 20702 Jun-14 21753 21247 20433 21058 21518 24241 34047 [+]
Gold Reserves 1.57 Dec-13 1.57 Mar-14 1.57 1.57 1.57 1.57 1.57 1.57 1.57 [+]
Imports 39032.00 Feb-14 44291 Jun-14 45565 46109 49184 44338 51765 58283 81860 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Government Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Government Budget Value -1672.00 Feb-14 -74 Jun-14 -74 -13106 -30999 7190 -33321 -32952 -32952 [+]
Government Debt To GDP 60.60 Dec-12 64.04 Jun-14 62.91 63.19 63.46 63.7 64.32 66.11 66.52 [+]
Government Spending 54069.00 Feb-14 216298 Jun-14 194085 253995 333621 132248 356606 400502 562517 [+]
Government Budget -4.90 Dec-13 -5.28 Jun-14 -6.07 -6.5 -6.86 -7.16 -7.77 -7.03 -5.55 [+]
Credit Rating 35.00 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Business Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Business Confidence -3.20 Mar-14 -4.38 Jun-14 -4.38 -4.38 -5 -6.1 -6.19 -4.06 -3.01 [+]
Changes in Inventories -43374.22 Jun-08 -129227 Jun-14 -62968 -62990 -63008 -63022 -63051 -63082 -63082 [+]
Industrial Production -12.55 Dec-13 -26.02 Jun-14 -26.02 -23.27 -22.06 -21.61 0.04 1.85 3.4 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Consumer Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Consumer Confidence -16.40 Mar-14 -14.52 Jun-14 -14.52 -14.33 -15.55 -15.65 -15.35 -11.32 -8.18 [+]
Consumer Spending 827011.51 Jun-08 1259823 Jun-14 1021011 1023550 1025893 1028054 1097171 1253486 1767079 [+]
Retail Sales YoY -2.60 Dec-13 -7.9 Jun-14 -7.9 -1.19 -1.14 -3.13 0.04 2.16 3.9 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Taxes Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Corporate Tax Rate 15.00 Jan-14 15 Jun-14 17 17 18 18 19 20 20 [+]
Personal Income Tax Rate 23.00 Jan-14 23 Jun-14 28 30 32 33 37 43 43 [+]
Sales Tax Rate 20.00 Jan-14 20 Jun-14 20 20 20 20 20 20 20 [+]
Actual FORECAST QUARTERLY FORECAST LONG-TERM FORECAST
Labour Value Date Value Date Q2 Q3 Q4 Q5 2015 2020 2030
Minimum Wages 22000.00 Nov-13 22559 Jun-14 22559 22878 22920 22868 22941 22741 22734 [+]

Trading Economics forecasts are driven by our own analysts’ expectations and technically projected using an autoregressive integrated moving average (ARIMA) model. First, we model the past behaviour of a time series by using vast amounts of historical data. Then, we adjust the coefficients of the econometric model by taking into account, our own analyst’s assessments and future expectations. While we work hard to make our predictions accurate, please note that past performance of our forecast model is not necessarily indicative of future results. Moreover, please take into account that because countries publish their data releases in different dates and sometimes with significant delays we may have to project past data which has already some time but was not yet released by official sources. If you have any question please email us at contact@tradingeconomics.com



RELATED NEWS

Albania Gold Reserves at 1.57 Tonnes  
Gold Reserves in Albania remained unchanged at 1.57 Tonnes in the fourth quarter of 2013 from 1.57 Tonnes in the third quarter of 2013. Gold Reserves in Albania is reported by the World Gold Council.
Albania Business Confidence at -3.20  
Business Confidence in Albania increased to -3.20 in the first quarter of 2014 from -7.40 in the fourth quarter of 2013. Business Confidence in Albania is reported by the Bank of Albania.
Albania Consumer Confidence at -16.40  
Consumer Confidence in Albania decreased to -16.40 in the first quarter of 2014 from -16.20 in the fourth quarter of 2013. Consumer Confidence in Albania is reported by the Bank of Albania.
Albania Producer Prices at 113.20 Index Points  
Producer Prices in Albania remained unchanged at 113.20 Index Points in December of 2013 from 113.20 Index Points in November of 2013. Producer Prices in Albania is reported by the Instituti i Statistikave (INSTAT).
Albania Unemployed Persons at 144.00 Thousand  
The number of unemployed persons in Albania increased to 144 Thousand in the fourth quarter of 2013 from 143 Thousand in the third quarter of 2013. Unemployed Persons in Albania is reported by the Instituti i Statistikave (INSTAT).
Albania Unemployment Rate at 13.50 Percent  
Unemployment Rate in Albania decreased to 13.50 percent in the fourth quarter of 2013 from 16.90 percent in the third quarter of 2013. Unemployment Rate in Albania is reported by the Bank of Albania.
Albania Average Monthly Wages at 52600.00 ALL  
Wages in Albania remained unchanged at 52600 ALL in the fourth quarter of 2013 from 52600 ALL in the third quarter of 2013. Wages in Albania is reported by the Instituti i Statistikave (INSTAT).
Albania Consumer Spending at 827011.51 ALL Million  
Consumer Spending in Albania increased to 827011.51 ALL Million in 2008 from 752963.82 ALL Million in 2007. Consumer Spending in Albania is reported by the Instituti i Statistikave (INSTAT).
Albania Current Account at -135.06 USD Million  
Albania recorded a Current Account deficit of 135.06 USD Million in December of 2013. Current Account in Albania is reported by the Bank of Albania.
Albania Employed Persons at 921.00 Thousand  
The number of employed persons in Albania decreased to 921 Thousand in the fourth quarter of 2013 from 971 Thousand in the third quarter of 2013. Employed Persons in Albania is reported by the Instituti i Statistikave (INSTAT).
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This page includes economic forecasts for Albania. 4/21/2014