Albania | Economic Forecasts | 2014-2050 Outlook


Markets Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Currency 109.05 109 111 111 111 110 108 103 [+]
GDP Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
GDP 12.90 12.77 12.74 12.71 12.69 12.78 12.73 12.84 [+]
GDP Growth Rate 0.38 -0.27 -0.27 0.63 0.38 0.56 2.8 2.55 [+]
GDP Annual Growth Rate 1.73 1.5 1.7 1.7 0.69 1.3 2.78 2.66 [+]
GDP Constant Prices 286813.90 287339 287578 286620 347002 320150 337858 376341 [+]
GDP per capita 4087.08 4150 4168 4186 4202 4274 4452 4553 [+]
Gross Fixed Capital Formation 345030.58 299909 297534 295493 293692 290779 282215 281643 [+]
GDP per capita PPP 10588.87 10752 10799 10844 10886 11072 11535 11795 [+]
Labour Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Unemployment Rate 13.45 12.5 12.5 13.63 11.77 13.5 7.57 9.17 [+]
Employed Persons 928.00 932 931 930 930 939 944 953 [+]
Unemployed Persons 144.00 145 145 146 145 146 183 143 [+]
Wages 52700.00 53419 53645 53668 53682 54039 53909 53909 [+]
Population 2.77 2.75 2.77 2.73 3.18 2.71 2.58 2.38 [+]
Retirement Age Women 60.00 60 60 60 60 60 60 60 [+]
Retirement Age Men 65.00 65 65 65 65 65 65 65 [+]
Prices Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Inflation Rate 1.50 1.92 1.9 2.31 1.68 1.93 1.86 1.87 [+]
Inflation Rate Mom 0.30 0.56 1.31 0.18 -0.9 1.31 4.01 3.51 [+]
Consumer Price Index CPI 116.31 118 120 118 119 129 137 142 [+]
Producer Prices 101.10 111 111 110 110 111 111 110 [+]
Producer Prices Change -0.68 -0.57 -0.45 -0.6 -0.19 0.21 3.75 3.99 [+]
Money Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Interest Rate 2.50 2.5 2 1.8 1.85 1.9 2.85 4.35 [+]
Money Supply M0 311836.89 309959 312633 311352 312581 315680 317169 320170 [+]
Money Supply M1 319092.33 319823 324280 327258 329452 335398 339748 343098 [+]
Money Supply M2 695333.11 688882 695439 688528 691994 705815 717980 724611 [+]
Money Supply M3 1168146.30 1162300 1168704 1164895 1170086 1200207 1249989 1266454 [+]
Trade Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Balance of Trade -25976.30 -29238 -25279 -26027 -25489 -35448 -38410 -45059 [+]
Exports 18574.70 22071 21466 22325 22922 21847 21879 22095 [+]
Imports 44551.00 51310 46746 48352 48411 57295 60289 67153 [+]
Current Account -135.06 -146 -119 -113 -120 -145 -145 -145 [+]
Current Account to GDP -9.05 -8.11 -8.47 -8.99 -9.58 -10.64 -10.65 -10.6 [+]
Capital Flows -227.37 -337 -407 -426 -191 -392 -207 -114 [+]
Gold Reserves 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 [+]
Government Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Government Budget -4.90 -6.5 -6.86 -7.16 -7.16 -7.77 -2.78 -2.55 [+]
Government Debt to GDP 60.92 63.19 63.46 63.7 63.7 64.32 66.11 66.52 [+]
Government Budget Value -30924.00 -24265 -42456 -232 -12406 -49883 -47342 -47315 [+]
Government Spending 267336.00 244212 323767 120863 187113 331170 331846 335107 [+]
Credit Rating 35.00 [+]
Business Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Business Confidence 3.60 9.36 9.08 7.07 4.62 4.61 5.08 5.07 [+]
Industrial Production 6.10 3.21 0.63 -0.92 -0.71 0.75 0.4 0.42 [+]
Changes in Inventories 31320.36 44588 45010 45349 45621 46015 46721 46730 [+]
Consumer Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Consumer Confidence -9.07 -13.52 -15.09 -13.2 -12.34 -13.67 -13.68 -13.68 [+]
Retail Sales YoY 6.20 10.16 8.02 4.74 4.34 6.27 6.9 6.9 [+]
Consumer Spending 1019147.27 1082463 1087037 1091252 1095135 1113033 1150180 1168955 [+]
Taxes Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Corporate Tax Rate 15.00 17 17 18 18 19 20 20 [+]
Personal Income Tax Rate 23.00 28 30 32 33 37 43 43 [+]
Sales Tax Rate 20.00 20 20 20 20 20 20 20 [+]





This page includes economic forecasts for Albania. 10/23/2014