Albania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 1.20 0.7 0.76 0.73 0.69 0.68 percent [+]
Unemployment Rate 16.90 16.6 16.3 17.1 17.2 14.6 percent [+]
Inflation Rate 1.20 0.6 0.9 1.2 1.8 3 percent [+]
Interest Rate 1.25 1 1 1 1 3 percent [+]
Balance of Trade -28379.00 -27789 -27766 -27767 -27767 -27767 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 123.85 127 128 129 129 149 [+]
GDP Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 1.20 0.7 0.76 0.73 0.69 0.68 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 133491.80 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 16.90 16.6 16.3 17.1 17.2 14.6 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 1.20 0.6 0.9 1.2 1.8 3 percent [+]
Inflation Rate Mom -0.60 0.13 -0.1 -0.06 -0.06 -0.06 percent [+]
Consumer Price Index CPI 100.20 101 101 103 102 105 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 98.60 99.69 99.21 98.97 99.02 99.05 Index Points [+]
MONEY Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Interest Rate 1.25 1 1 1 1 3 percent [+]
Money Supply M0 345833.09 355592 359220 362979 366855 429198 ALL Million [+]
Money Supply M1 385035.29 399990 409598 418956 428176 566977 ALL Million [+]
Money Supply M2 711935.01 716653 720948 725257 729579 791958 ALL Million [+]
Money Supply M3 1201977.50 1225708 1240013 1254484 1269123 1492914 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 -28379.00 -27789 -27766 -27767 -27767 -27767 ALL Million [+]
Exports 22601.00 20461 20728 20670 20668 20668 ALL Million [+]
Imports 50980.00 47125 48557 48037 48170 48153 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 1.35 1.69 1.61 1.54 0.82 [+]
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 8000 8080 8230 8320 9280 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 17986.00 -9550 -11871 -8827 -8633 -8984 ALL Million [+]
Government Spending 44476.84 42816 42229 42135 42179 42216 ALL Million [+]
Government Revenues 198116.00 206520 178724 187375 191065 188283 ALL Million [+]
Government Debt 1011463.00 1028986 1040117 1055933 1068182 1261353 ALL Million [+]
Fiscal Expenditure 180130.00 230226 195465 197480 205319 202034 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 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 -13.90 -12.42 -12.68 -13.26 -13.4 -13.08 [+]
Retail Sales YoY 6.60 5.55 4.89 4.82 4.98 5.07 percent [+]
Consumer Spending 269400.46 292997 300477 307242 313580 363406 ALL Million [+]
Gasoline Prices 1.29 1.3 1.31 1.31 1.31 1.31 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 2.70 -6.41 -11.86 -1.71 -10.96 -0.69 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. 7/29/2016