Albania | Economic Forecasts | 2014-2030 Outlook

Markets Last Q4 Q1 Q2 2015 2020 2030
Currency 109.05 109 109 111 111 108 102 [+]
GDP Last Q4 Q1 Q2 2015 2020 2030
GDP 12.90 12.77 12.74 12.71 12.78 12.73 12.84 [+]
GDP Growth Rate 0.16 -0.36 -0.27 0.86 0.74 2.75 2.74 [+]
GDP Annual Growth Rate -1.11 -2.54 -1.97 -0.21 0.15 2.75 2.75 [+]
GDP Constant Prices 286813.90 287339 287578 286620 320150 337858 376341 [+]
GDP per capita 4087.08 4150 4168 4186 4274 4452 4553 [+]
Gross Fixed Capital Formation 345030.58 299909 297534 295493 290779 282215 281643 [+]
GDP per capita PPP 10588.87 10752 10799 10844 11072 11535 11795 [+]
Labour Last Q4 Q1 Q2 2015 2020 2030
Unemployment Rate 13.45 13.1 12.5 13.63 13.5 7.57 9.17 [+]
Employed Persons 928.00 932 931 930 939 944 953 [+]
Unemployed Persons 144.00 145 145 146 146 183 143 [+]
Wages 52700.00 53419 53645 53668 54039 53909 53909 [+]
Population 2.77 2.75 2.77 2.73 2.71 2.58 2.38 [+]
Retirement Age Women 60.00 60 60 60 60 60 60 [+]
Retirement Age Men 65.00 65 65 65 65 65 65 [+]
Minimum Wages 22000.00 22605 22682 22676 22801 22638 22633 [+]
Prices Last Q4 Q1 Q2 2015 2020 2030
Inflation Rate 2.00 1.92 2.07 2.52 2.21 2.06 2.08 [+]
Inflation Rate Mom 0.10 0.56 1.31 0.18 1.31 4.01 3.51 [+]
Consumer Price Index CPI 115.95 117 119 121 122 132 144 [+]
Producer Prices 101.10 111 111 110 111 111 110 [+]
Producer Prices Change -0.68 -0.57 -0.45 -0.6 0.21 3.75 3.99 [+]
Food Inflation 3.20 1.58 1.49 2.07 2.01 1.82 1.83 [+]
Money Last Q4 Q1 Q2 2015 2020 2030
Interest Rate 2.50 2.5 2.02 1.81 1.92 2.86 4.34 [+]
Money Supply M0 316324.42 316701 320565 319798 324666 326212 329304 [+]
Money Supply M1 314570.81 315600 319472 321789 328636 331991 335263 [+]
Money Supply M2 697654.03 686670 692315 683640 694389 677558 658327 [+]
Money Supply M3 1159811.30 1158878 1164546 1159263 1189495 1222168 1236018 [+]
Trade Last Q4 Q1 Q2 2015 2020 2030
Balance of Trade -25976.00 -28893 -23293 -24218 -31716 -33496 -37310 [+]
Exports 18575.00 22417 23453 24134 25579 26792 29844 [+]
Imports 44551.00 51310 46746 48352 57295 60289 67153 [+]
Current Account -135.06 -122 -146 -119 -145 -145 -145 [+]
Current Account to GDP -9.05 -8.03 -8.11 -8.47 -10.64 -0.1 -0.05 [+]
Capital Flows -227.37 -337 -407 -426 -392 -207 -114 [+]
Gold Reserves 1.57 1.57 1.57 1.57 1.57 1.57 1.57 [+]
Government Last Q4 Q1 Q2 2015 2020 2030
Government Budget -4.90 -6.5 -6.86 -7.16 -7.77 -2.78 -2.55 [+]
Government Debt to GDP 60.92 63.19 63.46 63.7 64.32 66.11 66.52 [+]
Government Budget Value -30785.00 -41159 167 -12728 -50074 -46876 -46925 [+]
Government Spending 236026.00 228544 306652 104994 318564 317925 321050 [+]
Credit Rating 35.00 [+]
Business Last Q4 Q1 Q2 2015 2020 2030
Business Confidence 3.20 4.24 3.89 2 -1.9 0.71 0.55 [+]
Industrial Production 20.00 3.21 0.63 -0.92 0.75 0.4 0.42 [+]
Changes in Inventories 31320.36 44588 45010 45349 46015 46721 46730 [+]
Consumer Last Q4 Q1 Q2 2015 2020 2030
Consumer Confidence -14.10 -15.76 -19.89 -19.69 -18.46 -17.43 -16.41 [+]
Retail Sales YoY 6.20 10.16 8.02 4.74 6.27 6.9 6.9 [+]
Consumer Spending 1019147.27 1089084 1093629 1097849 1233265 1345117 1511603 [+]
Taxes Last Q4 Q1 Q2 2015 2020 2030
Corporate Tax Rate 15.00 17 17 18 19 20 20 [+]
Personal Income Tax Rate 23.00 28 30 32 37 43 43 [+]
Sales Tax Rate 20.00 20 20 20 20 20 20 [+]






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This page includes economic forecasts for Albania. 10/2/2014