Albania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 0.73 0.7 0.68 0.61 0.58 0.62 percent [+]
Unemployment Rate 16.90 17 17.2 17.2 15.17 15.6 percent [+]
Inflation Rate 0.70 0.6 0.9 0.9 1.37 3 percent [+]
Interest Rate 1.25 1 1 1 0.7 3 percent [+]
Balance of Trade -30143.50 -27583 -27553 -27554 -27554 -27554 ALL Million [+]
Government Debt to GDP 72.13 73.45 74.02 74.45 74.89 80.06 percent [+]
MARKETS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Currency 123.64 127 128 129 123 149 [+]
GDP Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 0.73 0.7 0.68 0.61 0.58 0.62 percent [+]
GDP Annual Growth Rate 2.15 2.6 2.8 2.78 3.35 1.5 percent [+]
GDP 13.21 13.11 13.06 13.1 13.15 13.49 USD Billion [+]
GDP Constant Prices 345128.30 369681 375612 381457 387251 471236 ALL Million [+]
Gross Fixed Capital Formation 133491.80 100821 106886 110487 113783 144015 ALL Million [+]
GDP per capita 3994.63 4033 4047 4061 4077 4298 USD [+]
GDP per capita PPP 10160.34 10316 10339 10363 10429 11237 USD [+]
GDP From Agriculture 61350.30 64455 64830 65232 65635 71559 ALL Million [+]
GDP From Construction 40681.20 37838 39173 37638 38532 38313 ALL Million [+]
GDP From Manufacturing 19857.20 18989 18226 17782 17484 17850 ALL Million [+]
GDP From Mining 42554.60 42704 43235 43415 42840 43064 ALL Million [+]
GDP From Public Administration 40435.90 40443 41510 41655 41905 46895 ALL Million [+]
GDP From Services 54367.10 53595 53570 53519 53475 53319 ALL Million [+]
LABOUR Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Unemployment Rate 16.90 17 17.2 17.2 15.17 15.6 percent [+]
Employed Persons 1025.00 1021 1022 1019 1019 1020 Thousand [+]
Unemployed Persons 139.00 125 120 116 112 96.89 Thousand [+]
Labor Force Participation Rate 56.80 55.7 55.11 54.47 54.05 54.61 percent [+]
Wages 54300.00 55149 55468 55720 56043 60105 ALL/Month [+]
Minimum Wages 22000.00 22000 22000 22000 22000 22000 ALL/Month [+]
Population 2.89 2.88 2.88 2.88 2.88 2.87 Million [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
PRICES Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Inflation Rate 0.70 0.6 0.9 0.9 1.37 3 percent [+]
Inflation Rate Mom -1.20 0.19 -0.02 0.01 0.01 0.01 percent [+]
Consumer Price Index CPI 100.80 100 101 103 101 103 Index Points [+]
Producer Prices 97.37 96.54 95.8 96.1 95.89 95.88 Index Points [+]
Producer Prices Change -4.07 -2.78 -4.33 -2.8 -3.13 -3.45 percent [+]
Food Inflation 2.40 3.45 3.59 3.56 3.54 3.54 percent [+]
Cpi Transportation 97.17 98.17 97.96 97.88 97.9 97.91 Index Points [+]
MONEY Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Interest Rate 1.25 1 1 1 0.7 3 percent [+]
Money Supply M0 349900.25 365459 368978 372686 376556 440992 ALL Million [+]
Money Supply M1 382987.01 399468 409816 419903 429843 579671 ALL Million [+]
Money Supply M2 709518.98 717022 721189 725363 729545 789464 ALL Million [+]
Money Supply M3 1202232.56 1237194 1252591 1268176 1283950 1526145 ALL Million [+]
Banks Balance Sheet 1375984.43 1427397 1451115 1475177 1499592 1882892 ALL Million [+]
Deposit Interest Rate 1.91 2.18 1.57 1.79 2.01 1.63 percent [+]
Loans To Private Sector 388038.13 388896 388740 388482 388194 384854 ALL Million [+]
Central Bank Balance Sheet 524632.35 522386 522343 522310 522311 522309 ALL Million [+]
TRADE Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Balance of Trade -30143.50 -27583 -27553 -27554 -27554 -27554 ALL Million [+]
Exports 20524.10 19775 19632 19655 19653 19652 ALL Million [+]
Imports 50667.60 46560 47556 47118 47264 47232 ALL Million [+]
Current Account -257.72 -295 -296 -297 -299 -315 EUR Million [+]
Current Account to GDP -10.10 -11.1 -11.08 -11.18 -11.27 -11.1 percent [+]
Capital Flows -109.74 -161 -231 -200 -213 -205 EUR Million [+]
Gold Reserves 1.57 1.56 1.56 1.56 1.56 1.56 Tonnes [+]
Terrorism Index 2.12 2.12 2.12 2.12 2.12 2.12 [+]
Remittances 154.22 144 152 147 155 150 EUR Million [+]
Foreign Direct Investment 168.93 228 227 205 217 219 EUR Million [+]
Crude Oil Production 20.00 19.99 19.99 19.99 19.99 19.99 BBL/D/1K [+]
External Debt 7629.62 7999 8084 8232 8324 9276 EUR Million [+]
GOVERNMENT Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Government Debt to GDP 72.13 73.45 74.02 74.45 74.89 80.06 percent [+]
Government Budget -4.00 -3.96 -3.67 -3.73 -3.78 -3.87 percent of GDP [+]
Government Budget Value 18192.00 -15596 -13341 -10931 -11261 -11475 ALL Million [+]
Government Spending 44476.84 42816 42229 42135 42179 42216 ALL Million [+]
Government Revenues 163775.00 208200 177694 188754 192114 189067 ALL Million [+]
Government Debt 1002767.00 1021319 1026679 1048143 1056598 1258915 ALL Million [+]
Fiscal Expenditure 145583.00 235699 191970 201673 208538 204384 ALL Million [+]
Military Expenditure 154.70 162 155 148 147 129 USD Million [+]
BUSINESS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Business Confidence 2.20 -0.37 -1.32 -1.81 -2.09 -2.26 [+]
Industrial Production 1.20 7.03 5.51 2.82 4.35 4.47 percent [+]
Changes in Inventories 33429.30 55074 58738 58615 58493 55179 ALL Million [+]
Mining Production -27.50 -22.81 -22.34 -23.8 -23.47 -23.64 percent [+]
Manufacturing Production 13.40 9.84 9.53 7.93 8.02 9.33 percent [+]
Competitiveness Index 3.93 3.81 3.81 3.95 3.99 4.01 Points [+]
Competitiveness Rank 93.00 95 95 95 90 94 [+]
Corruption Index 36.00 36.42 36.91 37.42 37.93 45.38 Points [+]
Corruption Rank 88.00 103 102 103 103 105 [+]
Ease of Doing Business 97.00 85.6 79.63 82.59 85.55 85.15 [+]
CONSUMER Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Consumer Confidence -14.20 -11.95 -12.52 -12.98 -12.88 -12.67 [+]
Retail Sales YoY 7.53 4.69 4.91 5.08 5.11 5.05 percent [+]
Consumer Spending 269400.46 292997 300477 307242 313580 363406 ALL Million [+]
Gasoline Prices 1.29 1.29 1.29 1.29 1.29 1.29 USD/Liter [+]
Consumer Credit 147451.36 148370 148853 149278 149652 151956 ALL Million [+]
HOUSING Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Construction Output 22.20 27.33 23.87 26.92 29.37 27.1 percent [+]
Building Permits 45.00 45.33 45.32 45.32 45.32 45.32 [+]
TAXES Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Corporate Tax Rate 15.00 15 15 15 15 15 percent [+]
Personal Income Tax Rate 23.00 23 23 23 23 23 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. 7/1/2016