Albania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.90 0.7 -0.3 0.4 0.9 0.4 percent [+]
Unemployment Rate 15.90 16.3 17.1 17.2 13.12 14.6 percent [+]
Inflation Rate 1.50 2.1 2.2 2.3 2.4 3 percent [+]
Interest Rate 1.25 1 1 1 1 3 percent [+]
Balance of Trade -28104.70 -28145 -28098 -28102 -28102 -28102 ALL Million [+]
Government Debt to GDP 72.13 74.02 74.45 74.89 75.32 80.06 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 126.53 128 129 130 131 152 [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.90 0.7 -0.3 0.4 0.9 0.4 percent [+]
GDP Annual Growth Rate 3.20 2.8 2.9 2.7 2.5 2 percent [+]
GDP 11.46 11.62 11.68 11.72 11.27 14.55 USD Billion [+]
GDP Constant Prices 350221.10 363170 368690 374228 379780 455353 ALL Million [+]
Gross Fixed Capital Formation 98168.67 101000 107000 110000 114000 144000 ALL Million [+]
GDP per capita 4541.39 4580 4600 4620 4620 4970 USD [+]
GDP per capita PPP 10397.29 10300 10300 10400 10400 11200 USD [+]
GDP From Agriculture 62304.16 64287 64540 65064 65473 71033 ALL Million [+]
GDP From Construction 34277.27 33371 33816 33486 33506 33573 ALL Million [+]
GDP From Manufacturing 20723.83 20351 19879 19886 19695 20020 ALL Million [+]
GDP From Mining 46704.27 46070 46548 46094 46142 46269 ALL Million [+]
GDP From Public Administration 39978.97 41306 41213 41492 41887 46686 ALL Million [+]
GDP From Services 55110.39 55477 55514 55347 55285 55123 ALL Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 15.90 16.3 17.1 17.2 13.12 14.6 percent [+]
Unemployed Persons 124.00 100 90.05 82.16 76.53 125 Thousand [+]
Employed Persons 1038.00 1033 1030 1028 1029 1029 Thousand [+]
Labor Force Participation Rate 65.80 65.54 65.46 65.39 65.4 65.42 percent [+]
Wages 54500.00 55247 55501 55752 56043 59494 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 [+]
Youth Unemployment Rate 29.90 29.78 28.89 28.67 28.73 28.84 percent [+]
Employment Rate 55.30 55.33 55.57 55.58 55.41 55.3 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 1.50 2.1 2.2 2.3 2.4 3 percent [+]
Inflation Rate Mom -0.20 -0.11 0.05 0.02 0.03 0.03 percent [+]
Consumer Price Index CPI 101.20 102 104 102 102 104 Index Points [+]
Producer Prices 99.70 99.72 100 99.72 100 100 Index Points [+]
Producer Prices Change -2.00 -1.49 0.48 -1.57 -1.35 -0.61 percent [+]
Food Inflation 3.29 3.21 3.47 3.61 3.61 3.6 percent [+]
Cpi Transportation 99.60 99.37 99.17 99.18 99.21 99.21 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 1.25 1 1 1 1 3 percent [+]
Money Supply M0 359045.15 366109 370170 374370 378691 442705 ALL Million [+]
Money Supply M1 405886.61 415732 425298 434909 444609 587843 ALL Million [+]
Money Supply M2 715609.45 718064 721698 725331 728963 776539 ALL Million [+]
Money Supply M3 1230848.74 1249687 1265111 1280691 1296434 1517590 ALL Million [+]
Banks Balance Sheet 1422891.38 1442359 1465055 1488098 1511494 1850710 ALL Million [+]
Deposit Interest Rate 0.25 0.23 0.22 0.22 0.21 0.16 percent [+]
Lending Rate 2.25 2.19 2.08 2.03 2 1.96 percent [+]
Loans To Private Sector 386594.15 384052 382100 380462 378978 364422 ALL Million [+]
Central Bank Balance Sheet 502632.11 501715 502754 501828 502643 502142 ALL Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -28104.70 -28145 -28098 -28102 -28102 -28102 ALL Million [+]
Exports 21652.00 20309 20703 20558 20579 20577 ALL Million [+]
Imports 49756.00 49594 48765 48997 48925 48931 ALL Million [+]
Current Account -353.80 -303 -304 -305 -306 -323 EUR Million [+]
Current Account to GDP -10.10 -11.08 -11.18 -11.27 -11.37 -11.1 percent [+]
Capital Flows -246.39 -243 -211 -228 -216 -221 EUR Million [+]
Gold Reserves 1.57 1.57 1.57 1.57 1.57 1.57 Tonnes [+]
Remittances 153.63 150 139 150 143 146 EUR Million [+]
Terrorism Index 1.10 0.23 0.15 0.07 -0.01 0.92 [+]
Foreign Direct Investment 261.02 238 203 192 219 215 EUR Million [+]
Crude Oil Production 20.00 20 20 20 20 20 BBL/D/1K [+]
External Debt 7880.65 8114 8211 8315 8391 9141 EUR Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 72.13 74.02 74.45 74.89 75.32 80.06 percent [+]
Government Budget -4.00 -3.67 -3.73 -3.78 -3.84 -3.87 percent of GDP [+]
Government Budget Value 10568.00 -4529 -4560 -2981 -2997 -3157 ALL Million [+]
Government Spending 34156.69 38517 36665 36806 36754 36739 ALL Million [+]
Government Revenues 298109.00 182802 181622 208465 197832 197718 ALL Million [+]
Government Debt 1012033.00 1026799 1034168 1048003 1058936 1229572 ALL Million [+]
Fiscal Expenditure 287541.00 200979 192139 213809 207416 206538 ALL Million [+]
Military Expenditure 154.70 162 155 148 147 129 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 3.60 -3.1 -4.8 -5.2 -4.5 -5 [+]
Industrial Production -9.00 -4.65 0.68 2.1 -0.63 -1.87 percent [+]
Changes in Inventories 33429.30 58738 58615 58493 58370 55179 ALL Million [+]
Mining Production -35.00 -33.44 -30.28 -31.35 -32.1 -32.31 percent [+]
Manufacturing Production -5.60 3.67 5.95 8.56 9.09 8.34 percent [+]
Competitiveness Index 4.06 4 4 4 4 4.12 Points [+]
Competitiveness Rank 80.00 95 95 95 90 94 [+]
Corruption Index 36.00 35.78 36.14 36.5 36.86 41.63 Points [+]
Corruption Rank 88.00 102 103 103 103 105 [+]
Ease of Doing Business 58.00 76.87 86.29 91 95.71 78.89 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence -14.40 -11 -13.2 -13.94 -12.5 -12 [+]
Retail Sales YoY 5.51 4.69 4.93 5.07 5.08 5.02 percent [+]
Consumer Spending 317162.04 314604 315277 315181 315204 315212 ALL Million [+]
Gasoline Prices 1.25 1.24 1.21 1.2 1.2 1.19 USD/Liter [+]
Consumer Credit 151624.59 154800 156897 158747 160378 170164 ALL Million [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Construction Output 1.00 -5.91 3.42 -9.4 -5.11 1.96 percent [+]
Building Permits 98.00 68.01 66.66 66.91 66.87 66.87 [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/6/2016