Albania GDP Growth Rate 2005-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Albania expanded 0.38 percent in the second quarter of 2014 over the previous quarter. GDP Growth Rate in Albania averaged 0.84 Percent from 2005 until 2014, reaching an all time high of 6 Percent in the second quarter of 2005 and a record low of -2.60 Percent in the third quarter of 2009. GDP Growth Rate in Albania is reported by the Instituti i Statistikave (INSTAT).

   
 
 

Albania GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.38 0.12 6.00 -2.60 2005 - 2014 Percent Quarterly
Albania’s most important sector is the services sector (60 percent of GDP) with banking, communications and tourism being the most important. Banking has been a heavy recipient of foreign direct investment and is the strongest sector. Remittances also have a big importance for the economy and account for around 8 percent of GDP. Agriculture dominated by small family owned operations employs almost half of the labour force, but accounts for only 20 percent of GDP. The manufacturing industry is responsible for 20 percent of GDP. This page provides - Albania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Albania GDP Growth Rate - was last refreshed on Tuesday, October 21, 2014.

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-08 04:00 PM Albania
GDP Growth Rate QoQ
Q3 2013 -2.0% 1% -0.07%
2014-04-07 01:00 PM Albania
GDP Growth Rate QoQ
Q4 2013 2.32% -2.0% 0.01%
2014-07-07 02:00 PM Albania
GDP Growth Rate QoQ
Q1 2014 0.16% 0.67% (R) -0.37%
2014-10-06 01:00 PM Albania
GDP Growth Rate QoQ
Q2 2014 0.38% 0.12% (R) -0.28%
2014-12-09 04:00 PM Albania
GDP Growth Rate QoQ
Q3 2014 0.38% -0.36%


Albania GDP Last Previous Highest Lowest Unit
GDP 12.90 12.34 12.90 0.71 USD Billion [+]
GDP Growth Rate 0.38 0.12 6.00 -2.60 Percent [+]
GDP Annual Growth Rate 1.73 -1.31 13.50 -10.84 Percent [+]
GDP Constant Prices 286813.90 286362.70 286813.90 171020.40 ALL Million [+]
GDP per capita 4087.08 3994.21 4087.08 1131.02 USD [+]
Gross Fixed Capital Formation 345030.58 381944.27 381944.27 70939.38 ALL Million [+]
GDP per capita PPP 10588.87 10348.28 10588.87 2930.27 USD [+]