Albania | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q2/15 Q3/15 2020 2030 2050
Currency 126.80 136 134 123 118 107 [+]
GDP Actual Q2/15 Q3/15 2020 2030 2050
GDP 12.90 13.42 13.47 16.94 22.85 34.67 [+]
GDP Growth Rate 1.12 0.94 0.79 0.65 0.65 0.65 [+]
GDP Annual Growth Rate 2.42 1.7 4.29 3.28 3.12 3.12 [+]
GDP Constant Prices 294568.30 299017 300230 345585 349820 289845 [+]
GDP per capita 4087.08 4181 4191 4253 4256 4256 [+]
Gross Fixed Capital Formation 353877.79 358959 358577 347381 338224 339478 [+]
GDP per capita PPP 10588.87 10886 10926 11365 11507 11519 [+]
Labour Actual Q2/15 Q3/15 2020 2030 2050
Unemployment Rate 18.00 17.8 17.87 15.61 14.58 12.54 [+]
Employed Persons 934.00 935 936 936 936 936 [+]
Unemployed Persons 140.00 138 136 139 143 137 [+]
Wages 53800.00 53454 53622 54160 54165 54165 [+]
Population 2.90 2.9 2.9 2.9 2.9 2.9 [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Minimum Wages 22000.00 21772 21814 22018 22019 22019 [+]
Prices Actual Q2/15 Q3/15 2020 2030 2050
Inflation Rate 2.30 1.4 1.6 3.5 4 1.75 [+]
Inflation Rate Mom -0.50 -0.55 0.87 1.55 1.55 1.55 [+]
Consumer Price Index CPI 121.30 119 119 128 129 129 [+]
Producer Prices 101.98 102 102 102 102 102 [+]
Producer Prices Change -1.30 0.78 0.66 0.51 0.5 0.5 [+]
Food Inflation 4.95 5.52 4.57 4.22 4.22 4.22 [+]
Money Actual Q2/15 Q3/15 2020 2030 2050
Interest Rate 2.00 2 1.95 2.25 3.3 5.3 [+]
Money Supply M0 338448.34 342654 342306 344271 344163 343998 [+]
Money Supply M1 347959.06 356952 360676 369088 369090 369090 [+]
Money Supply M2 715836.27 725447 733011 789265 787542 787539 [+]
Money Supply M3 1190655.78 1198978 1220171 1355927 1371500 1371629 [+]
Banks Balance Sheet 1366961.58 1380335 1385820 1427511 1456958 1467221 [+]
Central Bank Balance Sheet 473891.31 479651 479337 452361 415367 376683 [+]
Loans To Private Sector 399432.57 391785 386801 352530 348558 348489 [+]
Trade Actual Q2/15 Q3/15 2020 2030 2050
Balance of Trade -21969.50 -25303 -24550 -27447 -27460 -27492 [+]
Exports 22163.50 20434 21159 20501 20486 20454 [+]
Imports 44133.00 45737 45709 47947 47946 47946 [+]
Current Account -377.55 -353 -315 -362 -362 -362 [+]
Current Account to GDP -9.05 -7.74 -7.5 -10.25 -10.25 -10.25 [+]
Capital Flows -225.86 -62.33 -25.29 -526 -526 -526 [+]
Gold Reserves 1.57 1.57 1.57 1.57 1.57 1.57 [+]
Crude Oil Production 21.00 20.75 20.63 18.53 16.05 14.05 [+]
External Debt 6665.22 6715 6710 6307 5661 4812 [+]
Foreign Direct Investment 241.53 222 213 153 151 151 [+]
Remittances 172.31 174 176 180 180 180 [+]
Government Actual Q2/15 Q3/15 2020 2030 2050
Government Budget -4.80 -5.59 -5.6 -6.42 -6.43 -6.43 [+]
Government Debt to GDP 60.92 62.97 63.04 65.3 65.68 65.7 [+]
Government Budget Value -3886.00 -21946 -30734 -52723 -52702 -52702 [+]
Government Spending 90506.00 190934 252725 339224 339233 339233 [+]
Credit Rating 35.00 [+]
Business Actual Q2/15 Q3/15 2020 2030 2050
Business Confidence -2.10 5.83 5.97 0.4 0.4 0.4 [+]
Industrial Production 10.20 5.6 5.42 5.48 5.48 5.48 [+]
Changes in Inventories 35102.91 6226 2425 39231 39236 39236 [+]
Consumer Actual Q2/15 Q3/15 2020 2030 2050
Consumer Confidence -15.60 -11.82 -11.43 -11.31 -11.31 -11.31 [+]
Retail Sales YoY 8.69 8.3 5.19 7.15 7.14 7.14 [+]
Consumer Spending 1053309.94 1103289 1107573 1149357 1158497 1158882 [+]
Consumer Credit 145765.69 146783 146717 134181 130284 130066 [+]
Gasoline Prices 1.41 1.56 1.78 2.05 3.18 -0.46 [+]
Housing Actual Q2/15 Q3/15 2020 2030 2050
Building Permits 51.00 116 80.96 89.82 89.83 89.83 [+]
Taxes Actual Q2/15 Q3/15 2020 2030 2050
Corporate Tax Rate 15.00 15.01 15.01 14.99 14.99 14.99 [+]
Personal Income Tax Rate 23.00 23 23 34.05 34.06 34.06 [+]
Sales Tax Rate 20.00 20 20 20 20 20 [+]
Social Security Rate 27.90 27.9 27.9 27.9 27.9 27.9 [+]
Social Security Rate For Companies 16.70 16.7 16.7 16.7 16.7 16.7 [+]
Social Security Rate For Employees 11.20 11.2 11.2 11.2 11.2 11.2 [+]