Albania | Economic Forecasts | 2017-2020 Outlook

This page has 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.


Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.90 0.5 0.6 0.6 0.5 0.4 percent [+]
Unemployment Rate 14.50 13.8 13.6 13.2 13 11.5 percent [+]
Inflation Rate 2.10 2.3 2.4 2.5 2.2 3 percent [+]
Interest Rate 1.25 1 1 1 1 2 percent [+]
Balance of Trade -31106.20 -27090 -27276 -27263 -27263 -27263 ALL Million [+]
Government Debt to GDP 72.13 72.88 73.45 74.02 74.45 80.06 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 123.37 129 130 134 132 153 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.90 0.5 0.6 0.6 0.5 0.4 percent [+]
GDP Annual Growth Rate 4.00 2.7 2.5 2.2 2.3 2 percent [+]
GDP 11.40 11.72 11.49 11.96 11.07 14.55 USD Billion [+]
GDP Constant Prices 355919.40 358269 359500 360843 362008 369775 ALL Million [+]
Gross Fixed Capital Formation 99202.80 114381 97334 114701 97529 112665 ALL Million [+]
GDP per capita 4543.09 4620 4584 4660 4629 4970 USD [+]
GDP per capita PPP 11015.20 11049 11149 11250 11291 11691 USD [+]
GDP From Agriculture 64111.61 65187 65734 65752 66242 67395 ALL Million [+]
GDP From Construction 37396.24 37862 37701 37613 37613 37550 ALL Million [+]
GDP From Manufacturing 19175.93 18331 18294 18401 18652 19142 ALL Million [+]
GDP From Mining 44170.87 43423 43591 44135 43496 43605 ALL Million [+]
GDP From Public Administration 40430.84 41309 41536 41884 42172 46150 ALL Million [+]
GDP From Services 55306.72 54930 55143 54814 54963 54905 ALL Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 14.50 13.8 13.6 13.2 13 11.5 percent [+]
Unemployed Persons 101.00 80.77 73.75 69.21 69.21 122 Thousand [+]
Employed Persons 1052.00 1050 1048 1049 1049 1049 Thousand [+]
Labor Force Participation Rate 65.70 64.3 63.73 63.22 63.1 64.14 percent [+]
Wages 54600.00 55244 55455 55634 55865 58177 ALL/Month [+]
Minimum Wages 22000.00 22141 22181 22211 22257 22698 ALL/Month [+]
Population 2.88 2.88 2.87 2.87 2.87 2.86 Million [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Youth Unemployment Rate 28.10 26.53 25.88 26.45 25.42 24.85 percent [+]
Employment Rate 56.20 55.96 55.49 55.22 55.33 55.31 percent [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 2.10 2.3 2.4 2.5 2.2 3 percent [+]
Inflation Rate Mom 0.40 0.43 0.46 0.43 0.44 0.44 percent [+]
Consumer Price Index CPI 104.67 104 103 104 104 103 Index Points [+]
Producer Prices 100.50 102 103 104 106 116 Index Points [+]
Producer Prices Change 0.90 3.4 4.7 4.1 3.6 2.8 percent [+]
Food Inflation 3.56 3.46 3.69 3.76 3.76 3.76 percent [+]
Cpi Transportation 99.93 101 100 100 100 100 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 1.25 1 1 1 1 2 percent [+]
Money Supply M0 377934.08 383613 381283 383606 381355 383576 ALL Million [+]
Money Supply M1 424428.90 435425 440064 443851 446886 457560 ALL Million [+]
Money Supply M2 722303.15 729312 732801 736640 740445 781335 ALL Million [+]
Money Supply M3 1248315.77 1259525 1265076 1265860 1267796 1273558 ALL Million [+]
Banks Balance Sheet 1448293.10 1463933 1475403 1486679 1497770 1608386 ALL Million [+]
Deposit Interest Rate 0.25 0.22 0.21 0.21 0.2 0.16 percent [+]
Lending Rate 2.25 2 1.98 1.97 1.97 1.96 percent [+]
Loans To Private Sector 341042.80 335155 331281 327616 324131 295036 ALL Million [+]
Central Bank Balance Sheet 524770.30 526697 527638 527872 527924 527938 ALL Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -31106.20 -27090 -27276 -27263 -27263 -27263 ALL Million [+]
Exports 22682.80 20921 21315 21256 21253 21256 ALL Million [+]
Imports 53789.00 48529 48026 48470 48281 48356 ALL Million [+]
Current Account -240.32 -263 -202 -269 -206 -266 EUR Million [+]
Current Account to GDP -10.10 -11.12 -11.1 -11.08 -11.18 -11.1 percent [+]
Capital Flows -253.08 -228 -185 -183 -193 -189 EUR Million [+]
Gold Reserves 1.57 1.57 1.57 1.57 1.57 1.57 Tonnes [+]
Remittances 166.33 154 160 164 148 160 EUR Million [+]
Terrorism Index 1.10 0.69 0.46 0.23 0.15 0.92 [+]
Foreign Direct Investment 275.60 201 222 253 260 242 EUR Million [+]
Crude Oil Production 22.00 22.27 22.39 22.51 22.62 23.51 BBL/D/1K [+]
External Debt 7862.41 7935 7955 7988 8005 8167 EUR Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 72.13 72.88 73.45 74.02 74.45 80.06 percent [+]
Government Budget -4.00 -4.25 -3.96 -3.67 -3.73 -3.87 percent of GDP [+]
Government Budget Value 8927.00 2481 252 1156 1383 1267 ALL Million [+]
Government Spending 41130.80 43050 40924 43027 40959 42848 ALL Million [+]
Government Revenues 100786.00 243701 220429 185922 205680 203339 ALL Million [+]
Government Debt 1012175.00 1026824 1037050 1046388 1057461 1186960 ALL Million [+]
Fiscal Expenditure 91859.00 250208 226062 189443 209982 207592 ALL Million [+]
Military Expenditure 154.70 162 155 148 147 129 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence -0.10 -5.2 -4.5 -2.8 -1.88 -5 [+]
Industrial Production 1.20 0.24 -0.65 -4.6 -3.9 -2.07 percent [+]
Changes in Inventories 192706.26 94502 123792 153082 152593 151025 ALL Million [+]
Mining Production -20.30 -22.08 -21.47 -26.58 -27.05 -25.07 percent [+]
Manufacturing Production -0.70 6.67 5.79 0.47 -1.27 1.93 percent [+]
Competitiveness Index 4.06 4 4 4 4.11 4.12 Points [+]
Competitiveness Rank 80.00 80 80 80 74 81 [+]
Corruption Index 39.00 39 39 39 39 39 Points [+]
Corruption Rank 83.00 82 82 82 84 109 [+]
Ease of Doing Business 58.00 89 93 98 92 81 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence -10.40 -12.08 -12.5 -10.5 -11.11 -12 [+]
Retail Sales YoY 7.16 4.58 4.77 5.16 5.33 5.23 percent [+]
Consumer Spending 296046.30 297892 297972 297970 297962 297964 ALL Million [+]
Gasoline Prices 1.36 1.38 1.39 1.39 1.39 1.39 USD/Liter [+]
Consumer Credit 160681.90 161178 161501 161786 162038 163465 ALL Million [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Construction Output 6.60 7.2 7.85 7.48 7.19 7.81 percent [+]
Building Permits 145.00 75.47 75.45 75.45 75.45 75.45 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 15.00 15 15 15 14.89 14.87 percent [+]
Personal Income Tax Rate 23.00 25.34 25.19 25.05 24.6 22.9 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 [+]