Albania | Economic Forecasts | 2014-2050 Outlook


Markets Actual Q2/15 Q3/15 2020 2030 2050
Currency 130.67 136 134 123 147 107 [+]
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 0.68 0.94 0.63 0.49 0.49 0.49 [+]
GDP Annual Growth Rate 3.30 1.7 3.68 2.46 2.37 2.37 [+]
GDP Constant Prices 290411.40 294414 293616 291556 291569 291569 [+]
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 17.61 17.58 17.54 [+]
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 1.25 [+]
Inflation Rate Mom 2.40 -0.48 0.91 1.6 1.6 1.6 [+]
Consumer Price Index CPI 121.40 118 118 121 121 121 [+]
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 5.08 5.78 4.61 4.23 4.23 4.23 [+]
Money Actual Q2/15 Q3/15 2020 2030 2050
Interest Rate 2.00 1.85 1.95 2.35 3.4 5.35 [+]
Money Supply M0 331487.22 338406 337981 339539 339425 339266 [+]
Money Supply M1 346305.08 357673 361534 369030 369031 369031 [+]
Money Supply M2 714347.92 719250 725368 772833 772018 772018 [+]
Money Supply M3 1188009.14 1191383 1211026 1317211 1328806 1328892 [+]
Banks Balance Sheet 1358935.23 1361291 1359527 1326922 1272156 1187452 [+]
Central Bank Balance Sheet 450092.42 454498 453312 425825 389457 353510 [+]
Loans To Private Sector 405564.69 405388 404716 391526 370821 342392 [+]
Trade Actual Q2/15 Q3/15 2020 2030 2050
Balance of Trade -20946.80 -25627 -25007 -31283 -31281 -31281 [+]
Exports 17815.10 19432 20055 16777 16778 16778 [+]
Imports 38761.90 45059 45062 48060 48059 48059 [+]
Current Account -316.43 -322 -291 -361 -361 -361 [+]
Current Account to GDP -9.05 -7.74 -7.5 -10.25 -10.25 -10.25 [+]
Capital Flows -274.00 -93.2 -43.09 -531 -531 -531 [+]
Gold Reserves 1.57 1.57 1.57 1.57 1.57 1.57 [+]
Crude Oil Production 21.00 20.67 20.55 18.5 16.09 14.16 [+]
External Debt 6618.10 6965 7003 7138 7269 7421 [+]
Foreign Direct Investment 207.35 178 170 144 143 143 [+]
Remittances 156.10 164 164 177 177 177 [+]
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 3596.00 -25504 -34687 -55584 -55633 -55634 [+]
Government Spending 22901.00 244515 304544 381107 381076 381076 [+]
Credit Rating 35.00 [+]
Business Actual Q2/15 Q3/15 2020 2030 2050
Business Confidence 1.30 5.83 5.97 3.5 3.74 3.73 [+]
Industrial Production 11.60 12.54 11.48 12.17 12.17 12.17 [+]
Changes in Inventories 35102.91 6226 2425 39231 39236 39236 [+]
Consumer Actual Q2/15 Q3/15 2020 2030 2050
Consumer Confidence -12.92 -11.82 -11.43 -10.74 -10.75 -10.75 [+]
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 143591.03 142466 141612 130196 128363 128326 [+]
Gasoline Prices 1.33 1.37 1.38 1.29 1.22 1.2 [+]
Housing Actual Q2/15 Q3/15 2020 2030 2050
Building Permits 122.00 97.25 117 99.03 99.16 99.16 [+]
Taxes Actual Q2/15 Q3/15 2020 2030 2050
Corporate Tax Rate 15.00 15.16 15.16 19.94 19.94 19.94 [+]
Personal Income Tax Rate 23.00 23 23 34.05 34.06 34.06 [+]
Sales Tax Rate 20.00 20 20 20 20 20 [+]