Albania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 0.73 0.49 0.7 0.68 0.61 0.62 percent [+]
Unemployment Rate 17.70 17.1 17 17.2 17.2 19.18 percent [+]
Inflation Rate 0.30 0.8 0.6 0.9 0.9 3 percent [+]
Interest Rate 1.25 1.25 1 1 1 3 percent [+]
Balance of Trade -27150.00 -26092 -26128 -26124 -26124 -26124 ALL Million [+]
Government Debt to GDP 72.13 74.56 75.68 76.81 77.86 86.01 percent [+]
MARKETS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Currency 123.47 125 126 127 128 73.32 [+]
GDP Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 0.73 0.49 0.7 0.68 0.61 0.62 percent [+]
GDP Annual Growth Rate 2.15 2.4 2.6 2.8 2.5 2.1 percent [+]
GDP 13.21 13.21 13.14 13.08 13.11 16.05 USD Billion [+]
GDP Constant Prices 345128.30 363609 369681 375612 381457 471236 ALL Million [+]
Gross Fixed Capital Formation 90278.40 100821 106886 110487 113783 144015 ALL Million [+]
GDP per capita 3994.63 4033 4047 4061 4077 4298 USD [+]
GDP per capita PPP 10160.34 10316 10339 10363 10429 11237 USD [+]
GDP From Agriculture 61350.30 64099 64455 64830 65232 71559 ALL Million [+]
GDP From Construction 40681.20 38258 37838 39173 37638 38313 ALL Million [+]
GDP From Manufacturing 19857.20 19189 18989 18226 17782 17850 ALL Million [+]
GDP From Mining 42554.60 43772 42704 43235 43415 43064 ALL Million [+]
GDP From Public Administration 40435.90 40262 40443 41510 41655 46895 ALL Million [+]
GDP From Services 54367.10 53640 53595 53570 53519 53319 ALL Million [+]
LABOUR Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Unemployment Rate 17.70 17.1 17 17.2 17.2 19.18 percent [+]
Employed Persons 1003.00 1003 994 996 996 996 Thousand [+]
Unemployed Persons 148.00 142 140 139 137 129 Thousand [+]
Labor Force Participation Rate 56.80 56.24 55.7 55.11 54.47 54.61 percent [+]
Wages 54270.00 54841 55703 55811 56191 61313 ALL/Month [+]
Minimum Wages 22000.00 22206 22654 22580 22711 24448 ALL/Month [+]
Population 2.89 2.89 2.89 2.89 2.89 2.92 Million [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
PRICES Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Inflation Rate 0.30 0.8 0.6 0.9 0.9 3 percent [+]
Inflation Rate Mom 0.40 -0.07 0.31 0.21 0.17 0.2 percent [+]
Consumer Price Index CPI 102.03 99.97 100 101 103 103 Index Points [+]
Producer Prices 99.59 98.86 99.06 98.7 98.56 98.39 Index Points [+]
Producer Prices Change -2.34 -3.01 -1.36 -2.7 -1.77 -2.29 percent [+]
Food Inflation 2.20 3.65 3.68 3.1 3.41 3.35 percent [+]
Cpi Transportation 96.28 96.78 97.11 97.08 97.04 97.04 Index Points [+]
MONEY Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Interest Rate 1.25 1.25 1 1 1 3 percent [+]
Money Supply M0 359125.55 368916 372864 377025 381371 460130 ALL Million [+]
Money Supply M1 377339.53 387266 396091 404776 413383 552267 ALL Million [+]
Money Supply M2 708704.22 713900 718134 722372 726614 791515 ALL Million [+]
Money Supply M3 1206952.49 1229374 1246986 1264806 1282839 1581563 ALL Million [+]
Banks Balance Sheet 1375984.43 1404015 1427397 1451115 1475177 1882892 ALL Million [+]
Deposit Interest Rate 1.91 2.78 2.18 1.57 1.79 1.63 percent [+]
Loans To Private Sector 386264.43 381827 379290 376974 374798 351170 ALL Million [+]
Central Bank Balance Sheet 524632.35 523630 522386 522343 522310 522309 ALL Million [+]
TRADE Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Balance of Trade -27150.00 -26092 -26128 -26124 -26124 -26124 ALL Million [+]
Exports 19331.00 18323 18608 18578 18574 18576 ALL Million [+]
Imports 46481.00 45903 44896 45407 45280 45311 ALL Million [+]
Current Account -413.43 -338 -339 -340 -340 -352 EUR Million [+]
Current Account to GDP -12.10 -11.5 -10.96 -10.41 -10.46 -11.62 percent [+]
Capital Flows -427.21 -467 -462 -427 -430 -435 EUR Million [+]
Gold Reserves 1.57 1.54 1.53 1.51 1.5 1.32 Tonnes [+]
Terrorism Index 2.12 1.01 1.35 1.69 1.61 0.82 [+]
Remittances 154.22 158 144 152 147 150 EUR Million [+]
Foreign Direct Investment 168.93 229 228 227 205 219 EUR Million [+]
Crude Oil Production 20.00 19.99 19.99 19.99 19.99 19.99 BBL/D/1K [+]
External Debt 7629.62 7867 7999 8084 8232 9276 EUR Million [+]
GOVERNMENT Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Government Debt to GDP 72.13 74.56 75.68 76.81 77.86 86.01 percent [+]
Government Budget -5.10 -4.56 -4.07 -3.59 -3.78 -5.05 percent of GDP [+]
Government Budget Value 13335.00 -13868 -19377 -15704 -15253 -15713 ALL Million [+]
Government Spending 44476.84 42489 42816 42229 42135 42216 ALL Million [+]
Government Revenues 95847.00 228635 207376 175263 193435 191354 ALL Million [+]
Government Debt 1002767.00 998800 1021319 1026679 1048143 1258915 ALL Million [+]
Fiscal Expenditure 82512.00 252941 229724 189572 211508 209146 ALL Million [+]
BUSINESS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Business Confidence 2.20 0.63 -0.37 -1.32 -1.81 -2.26 [+]
Industrial Production 1.20 4.65 7.03 5.51 2.82 4.47 percent [+]
Changes in Inventories 19249.51 23055 22106 21157 22775 17603 ALL Million [+]
Mining Production -27.50 -24.67 -22.81 -22.34 -23.8 -23.64 percent [+]
Manufacturing Production 13.40 12.98 9.84 9.53 7.93 9.33 percent [+]
Competitiveness Index 3.93 3.85 3.85 3.85 3.97 3.8 Points [+]
Competitiveness Rank 93.00 95 95 95 90 94 [+]
Corruption Index 36.00 35 36 37 37 34 Points [+]
Corruption Rank 88.00 90 86 82 81 110 [+]
Ease of Doing Business 97.00 87 82 76 79 83 [+]
CONSUMER Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Consumer Confidence -14.20 -12.82 -11.95 -12.52 -12.98 -12.67 [+]
Retail Sales YoY 7.53 4.8 4.69 4.91 5.08 5.05 percent [+]
Consumer Spending 269400.46 285616 292997 300477 307242 363406 ALL Million [+]
Gasoline Prices 1.31 1.32 1.36 1.37 1.37 1.38 USD/Liter [+]
Consumer Credit 146398.26 146475 146544 146606 146660 147004 ALL Million [+]
HOUSING Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Construction Output 22.20 29.22 27.33 23.87 26.92 27.1 percent [+]
Building Permits 45.00 45.29 45.33 45.32 45.32 45.32 [+]
TAXES Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Corporate Tax Rate 15.00 15.17 15.17 15.17 15.2 16.53 percent [+]
Personal Income Tax Rate 23.00 20.98 20.98 20.98 20.68 23.56 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. 5/29/2016