Albania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 1.20 0.8 0.7 -0.3 0.4 0.4 percent [+]
Unemployment Rate 15.90 16.6 16.3 17.1 17.2 14.6 percent [+]
Inflation Rate 2.00 1.9 2.1 2.2 2.3 3 percent [+]
Interest Rate 1.25 1.25 1 1 1 3 percent [+]
Balance of Trade -29464.00 -28423 -28225 -28212 -28213 -28213 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 122.05 122 123 124 125 145 [+]
GDP Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 1.20 0.8 0.7 -0.3 0.4 0.4 percent [+]
GDP Annual Growth Rate 3.00 2.6 2.8 3.3 2.7 1.7 percent [+]
GDP 11.46 11.55 11.62 11.68 11.72 14.55 USD Billion [+]
GDP Constant Prices 346813.30 359359 364722 370026 375285 450836 ALL Million [+]
Gross Fixed Capital Formation 78619.29 101000 107000 110000 114000 144000 ALL Million [+]
GDP per capita 4541.39 4560 4580 4600 4620 4970 USD [+]
GDP per capita PPP 10397.29 10300 10300 10400 10400 11200 USD [+]
GDP From Agriculture 63049.63 63421 63975 64305 64755 71395 ALL Million [+]
GDP From Construction 32929.10 32650 32166 32420 32400 32539 ALL Million [+]
GDP From Manufacturing 21740.99 21540 21275 21001 20852 20765 ALL Million [+]
GDP From Mining 46011.12 45317 45560 45751 45392 45516 ALL Million [+]
GDP From Public Administration 39430.84 40635 41342 41257 41548 46875 ALL Million [+]
GDP From Services 54337.33 54738 54645 54530 54425 54300 ALL Million [+]
LABOUR Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Unemployment Rate 15.90 16.6 16.3 17.1 17.2 14.6 percent [+]
Unemployed Persons 124.00 112 100 90.05 82.16 125 Thousand [+]
Employed Persons 1038.00 1030 1033 1030 1028 1029 Thousand [+]
Labor Force Participation Rate 65.80 65.57 65.54 65.46 65.39 65.42 percent [+]
Wages 54500.00 54909 55247 55501 55752 59494 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 [+]
Youth Unemployment Rate 29.90 29.78 28.89 28.67 28.73 28.84 percent [+]
Employment Rate 55.30 55.33 55.57 55.58 55.41 55.3 percent [+]
PRICES Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Inflation Rate 2.00 1.9 2.1 2.2 2.3 3 percent [+]
Inflation Rate Mom 0.90 0.34 -0.01 0.13 0.1 0.11 percent [+]
Consumer Price Index CPI 101.10 102 102 104 102 105 Index Points [+]
Producer Prices 99.70 99.93 99.72 100 99.72 100 Index Points [+]
Producer Prices Change -2.00 0.16 -1.49 0.48 -1.57 -0.61 percent [+]
Food Inflation 4.96 4.86 4.15 3.77 3.76 3.81 percent [+]
Cpi Transportation 99.77 99.86 99.38 99.1 99.15 99.19 Index Points [+]
MONEY Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Interest Rate 1.25 1.25 1 1 1 3 percent [+]
Money Supply M0 363871.45 359860 364072 368437 372938 445944 ALL Million [+]
Money Supply M1 397861.54 398375 407063 415759 424510 563505 ALL Million [+]
Money Supply M2 718628.34 718770 723487 728225 732984 802296 ALL Million [+]
Money Supply M3 1213858.18 1219933 1234427 1249084 1263905 1490109 ALL Million [+]
Banks Balance Sheet 1380506.09 1398846 1419595 1440664 1462058 1798090 ALL Million [+]
Deposit Interest Rate 0.25 0.24 0.23 0.22 0.22 0.16 percent [+]
Lending Rate 2.25 2.19 2.08 2.03 2 1.96 percent [+]
Loans To Private Sector 387510.88 388660 387117 385987 385047 376024 ALL Million [+]
Central Bank Balance Sheet 509550.53 508123 506188 507633 506199 506658 ALL Million [+]
TRADE Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Balance of Trade -29464.00 -28423 -28225 -28212 -28213 -28213 ALL Million [+]
Exports 16414.00 18373 19448 19509 19452 19468 ALL Million [+]
Imports 45878.00 47072 49002 48265 48365 48366 ALL Million [+]
Current Account -353.80 -300 -303 -303 -305 -321 EUR Million [+]
Current Account to GDP -10.10 -11.1 -11.08 -11.18 -11.27 -11.1 percent [+]
Capital Flows -246.39 -193 -243 -211 -228 -221 EUR Million [+]
Gold Reserves 1.57 1.57 1.57 1.57 1.57 1.57 Tonnes [+]
Remittances 153.63 142 150 139 150 146 EUR Million [+]
Terrorism Index 2.12 1.35 1.69 1.61 1.54 0.82 [+]
Foreign Direct Investment 261.02 218 238 203 192 215 EUR Million [+]
Crude Oil Production 20.00 19.99 19.99 19.99 19.99 19.99 BBL/D/1K [+]
External Debt 7880.65 8030 8114 8211 8315 9141 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 17121.00 -2686 -9841 -6990 -6158 -6554 ALL Million [+]
Government Spending 34156.69 36784 38517 36665 36806 36739 ALL Million [+]
Government Revenues 265766.00 237874 172365 188145 199671 192793 ALL Million [+]
Government Debt 1011463.00 1028986 1040117 1055933 1068182 1261353 ALL Million [+]
Fiscal Expenditure 252038.00 242012 193847 196759 207878 203289 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 -5.80 -6.1 -7.02 -7.56 -7.87 -8.73 [+]
Industrial Production -1.30 2.54 -0.21 3.44 3.78 1.85 percent [+]
Changes in Inventories 33429.30 55074 58738 58615 58493 55179 ALL Million [+]
Mining Production -27.40 -26.18 -25.77 -25.96 -25.69 -26.3 percent [+]
Manufacturing Production 4.00 7.91 6.57 8.39 8.72 8.84 percent [+]
Competitiveness Index 4.06 4 4 4 4 4.12 Points [+]
Competitiveness Rank 80.00 95 95 95 90 94 [+]
Corruption Index 36.00 35.42 35.75 36.11 36.47 41.63 Points [+]
Corruption Rank 88.00 103 102 102 103 104 [+]
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 -13.90 -12.42 -12.68 -13.26 -13.4 -13.08 [+]
Retail Sales YoY 5.51 4.7 4.69 4.93 5.07 5.02 percent [+]
Consumer Spending 276436.82 290704 297860 304865 311349 362471 ALL Million [+]
Gasoline Prices 1.30 1.3 1.31 1.31 1.31 1.31 USD/Liter [+]
Consumer Credit 150049.85 151155 152670 154002 155173 162298 ALL Million [+]
HOUSING Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Construction Output 2.70 -6.41 -11.86 -1.71 -10.96 -0.69 percent [+]
Building Permits 65.00 33.18 57.36 14.58 28.14 12.18 [+]
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. 9/30/2016