Albania | Economic Forecasts | 2015-2050 Outlook

Markets Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Currency 124.70 134 131 132 133 123 [+]
GDP Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
GDP 13.37 13.32 13.24 13.28 13.31 16.29 USD Billion [+]
GDP Growth Rate 0.32 0.09 1.18 0.67 0.44 0.56 percent [+]
GDP Annual Growth Rate 2.82 2.54 2.3 2.88 2.43 3.53 percent [+]
GDP Constant Prices 338514.40 338079 337496 340968 344530 397310 ALL Million [+]
GDP per capita 3994.63 4048 4063 4079 4096 4306 USD [+]
Gross Fixed Capital Formation 76528.07 100979 118602 108453 112296 148887 ALL Million [+]
GDP per capita PPP 10160.34 10299 10319 10381 10443 11101 USD [+]
Labour Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Unemployment Rate 17.30 16.9 16.82 16.72 16.7 15.61 percent [+]
Employed Persons 946.00 936 942 938 939 940 Thousand [+]
Unemployed Persons 145.00 151 154 156 158 169 Thousand [+]
Wages 53800.00 55092 55475 55838 56322 64643 ALL/Month [+]
Population 2.89 2.89 2.89 2.89 2.89 2.93 Million [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Minimum Wages 22000.00 22825 22856 23095 23342 27748 ALL/Month [+]
Prices Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Inflation Rate 1.30 1.6 1.8 2.31 2.33 3.5 percent [+]
Inflation Rate Mom -0.70 0.79 1.31 0.31 -0.72 0.19 percent [+]
Consumer Price Index CPI 117.31 118 119 121 118 119 Index Points [+]
Producer Prices 101.50 101 102 102 102 102 Index Points [+]
Producer Prices Change 0.30 -0.62 0.6 0.01 0.12 0.26 percent [+]
Food Inflation 2.40 1.78 2.68 2.73 3.02 2.64 percent [+]
Money Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Interest Rate 2.00 2 2 2 2.25 3 percent [+]
Money Supply M0 351065.51 356416 364898 360501 366447 432862 ALL Million [+]
Money Supply M1 363300.66 367286 371917 374639 376536 380421 ALL Million [+]
Money Supply M2 725327.18 731632 747942 747447 757042 901677 ALL Million [+]
Money Supply M3 1197890.70 1215537 1229241 1228249 1240598 1392496 ALL Million [+]
Banks Balance Sheet 1376148.66 1379895 1379404 1377621 1375060 1315475 ALL Million [+]
Central Bank Balance Sheet 474884.32 476517 475188 473604 471988 445362 ALL Million [+]
Loans To Private Sector 400772.34 401181 401342 400910 400021 368450 ALL Million [+]
Trade Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Balance of Trade -29818.00 -25949 -30325 -24419 -25349 -25547 ALL Million [+]
Exports 22316.00 22504 22499 22549 22401 22071 ALL Million [+]
Imports 52134.00 47736 48271 47596 47519 47542 ALL Million [+]
Current Account -230.02 -241 -280 -222 -257 -269 EUR Million [+]
Current Account to GDP -12.10 -10.96 -10.41 -10.46 -10.51 -11.62 percent [+]
Capital Flows -264.83 -79.41 27.34 9.83 48.75 -163 EUR Million [+]
Gold Reserves 1.59 1.56 1.55 1.53 1.52 1.28 Tonnes [+]
Crude Oil Production 22.00 21.77 21.67 21.58 21.48 20.01 BBL/D/1K [+]
External Debt 6997.40 7278 7477 7600 7701 7842 EUR Million [+]
Foreign Direct Investment 255.90 226 216 214 204 162 EUR Million [+]
Remittances 146.65 166 172 156 153 175 EUR Million [+]
Government Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Government Budget -5.10 -4.07 -3.59 -3.78 -3.98 -5.05 percent of GDP [+]
Government Debt to GDP 69.11 70.57 71.62 72.64 73.67 72.57 percent [+]
Government Budget Value -12670.00 -26243 -50632 -7891 -22148 -22138 ALL Million [+]
Government Spending 36106.90 38903 40894 38588 38628 38617 ALL Million [+]
Credit Rating 35.00 [+]
Fiscal Expenditure 195642.00 225002 193292 198756 204509 201498 ALL Million [+]
Government Debt 957372.00 972995 988572 1004104 1019591 1290730 ALL Million [+]
Government Revenues 182972.00 195888 169446 176565 180523 177886 ALL Million [+]
Business Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Business Confidence 3.80 1.24 -0.29 -1.26 -1.98 -2.79 [+]
Industrial Production -17.80 2.38 -1.8 14.42 2.72 1.8 percent [+]
Changes in Inventories 35102.91 28821 28788 29456 30124 25533 ALL Million [+]
Competitiveness Index 3.83 3.81 3.81 3.8 3.8 3.75 Points [+]
Competitiveness Rank 97.00 103 103 105 106 84.92 [+]
Corruption Index 33.00 31.43 31.19 31.48 31.76 30.72 Points [+]
Corruption Rank 110.00 103 102 100 99 98.09 [+]
Ease of Doing Business 68.00 88.23 93.69 90.18 86.67 84.17 [+]
Consumer Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Consumer Confidence -8.80 -10.78 -12.72 -13.59 -12.36 -11.84 [+]
Retail Sales YoY 3.49 7.01 4.47 5.04 5 4.95 percent [+]
Consumer Spending 261503.32 274115 283890 292222 299459 364364 ALL Million [+]
Consumer Credit 147145.09 147644 147531 147258 146877 140681 ALL Million [+]
Gasoline Prices 1.50 1.49 1.49 1.49 1.49 1.46 USD/Liter [+]
Housing Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Building Permits 14.00 173 -52.78 -23.08 233 149 permits [+]
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 percent [+]
Personal Income Tax Rate 23.00 18.79 20.58 20.25 19.91 17.11 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. 9/1/2015