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 0.33 0.33 0.27 0.47 0.47 0.47 [+]
GDP Annual Growth Rate 1.73 1.5 -0.2 1.7 -0.34 -0.46 -0.5 -0.5 [+]
GDP Constant Prices 286813.90 290188 291071 291956 292841 314531 352002 428005 [+]
GDP per capita 4087.08 4150 4168 4186 4202 4274 4452 4553 [+]
Gross Fixed Capital Formation 345030.58 300153 298385 296849 295542 287850 287519 287518 [+]
GDP per capita PPP 10588.87 10799 10844 10886 10926 11479 11680 11807 [+]
Labour Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Unemployment Rate 13.45 12.5 13.7 13.63 13.53 13.57 13.67 13.47 [+]
Employed Persons 928.00 931 930 930 930 939 944 953 [+]
Unemployed Persons 144.00 144 144 144 144 144 144 143 [+]
Wages 52700.00 53645 53668 53682 53961 53909 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 1.9 2.31 1.68 2.01 1.86 1.87 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 101.10 101 101 101 101 102 103 104 [+]
Producer Prices Change -0.68 -0.74 -0.62 -0.82 -0.83 0.19 0.44 0.69 [+]
Money Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Interest Rate 2.50 2 1.8 1.8 1.85 2.6 3.65 5.4 [+]
Money Supply M0 311836.89 312633 311352 312581 311307 315607 317047 319998 [+]
Money Supply M1 319092.33 324280 327258 329452 330988 338074 339751 343098 [+]
Money Supply M2 695333.11 704806 710017 716199 722534 871912 1207400 2122340 [+]
Money Supply M3 1168146.30 1187637 1201424 1215707 1229782 1540320 2118827 3292715 [+]
Trade Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Balance of Trade -25976.30 -29626 -24297 -25424 -25996 -29930 -30078 -30374 [+]
Exports 18574.70 21468 22327 22924 22423 21773 21881 22097 [+]
Imports 44551.00 51094 46625 48348 48419 51703 51959 52471 [+]
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 -415 -363 -363 -363 [+]
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 -42456 -232 -12406 -27063 -47342 -47315 -47313 [+]
Government Spending 267336.00 323767 120863 187113 248646 330211 331837 335107 [+]
Credit Rating 35.00 [+]
Business Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Business Confidence 3.60 8.98 8.64 6.69 4.38 4.39 4.87 4.85 [+]
Industrial Production 6.10 16.23 14.73 13.83 13.43 14 14.02 14.02 [+]
Changes in Inventories 31320.36 45010 45349 45621 45839 46721 46730 46730 [+]
Consumer Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Consumer Confidence -9.07 -13.34 -13.76 -12.25 -12.28 -13.67 -13.68 -13.68 [+]
Retail Sales YoY 6.20 8.02 4.74 4.34 8.84 6.9 6.9 6.9 [+]
Consumer Spending 1019147.27 1087037 1091252 1095135 1098714 1144514 1157550 1169249 [+]
Taxes Last Q4/14 Q1/15 Q2/15 Q3/15 2020 2030 2050
Corporate Tax Rate 15.00 18 18 19 19 20 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. 10/25/2014