Albania GDP Annual Growth Rate  1996-2017 | Data | Chart | Calendar

The economy of Albania advanced 3.1 percent year-on-year in the third quarter of 2016, following an upwardly revised 3.4 percent expansion in the previous period. Main contributors to the growth were trade, accommodation and transportation (+6.7 percent vs +4.7 percent in Q2); construction (+8.3 percent vs +1.8 percent); financial activities and insurance (+15.4 percent vs +4.2 percent); arts, entertainment and recreation (+13.4 percent vs +9.8 percent) and agriculture (+1.6 percent vs -1.1 percent). In contrast, output shrank for industry, electricity and water (-2.4 percent vs +3.3 percent); information and communication (-1.2 percent vs +10.8 percent) and professional services and administrative services (-1.4 percent vs +10.8 percent). On a quarterly basis, the GDP expanded 0.9 percent. GDP Annual Growth Rate in Albania averaged 4.21 percent from 1996 until 2016, reaching an all time high of 13.50 percent in the fourth quarter of 1999 and a record low of -10.84 percent in the fourth quarter of 1997.

Albania GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-15 10:30 AM Q1 3% 2.15% 2.73%
2016-10-07 10:00 AM Q2 3.2% 3.1% 2.8%
2017-01-12 10:15 AM Q3 3.1% 3.4% 3%
2017-04-03 10:00 AM Q4 3.1% 2.8%
2017-06-30 10:00 AM Q1 2.9%
2017-09-29 10:00 AM Q2 2.7%




Albania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 0.90 6.00 -4.89 percent [+]
GDP Annual Growth Rate 3.10 3.40 13.50 -10.84 percent [+]
GDP 11.40 13.22 13.22 0.71 USD Billion [+]
GDP Constant Prices 352819.50 350221.10 352819.50 171020.40 ALL Million [+]
Gross Fixed Capital Formation 99202.80 94769.80 374058.00 64259.20 ALL Million [+]
GDP per capita 4543.09 4412.49 4543.09 1243.13 USD [+]
GDP per capita PPP 10401.18 10102.19 10401.18 2846.10 USD [+]
GDP From Agriculture 64571.02 62304.16 64571.02 50399.87 ALL Million [+]
GDP From Construction 36568.05 34277.27 46633.23 27288.33 ALL Million [+]
GDP From Manufacturing 19854.46 20723.83 21740.99 14553.48 ALL Million [+]
GDP From Mining 43450.88 46704.27 46917.73 29661.35 ALL Million [+]
GDP From Public Administration 40039.25 39978.97 40039.25 26868.33 ALL Million [+]
GDP From Services 54448.80 55110.39 55110.39 48271.52 ALL Million [+]



Albania GDP Annual Growth Rate Notes

Composition of the GDP on the expenditure side: household consumption (78 percent), gross fixed capital formation (26 percent), government expenditure (11 percent). Net exports of goods and services subtracts 18 percent from the GDP as exports accounts for 35 percent and imports for -53 percent. This page provides the latest reported value for - Albania GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Albania GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.10 3.40 13.50 -10.84 1996 - 2016 percent Quarterly
NSA



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Belgium 1.10 Dec/16
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Mozambique 1.10 Dec/16
Lebanon 1.00 Dec/15
Mongolia 1.00 Dec/16
Saudi Arabia 0.90 Sep/16
Nepal 0.77 Dec/15
South Africa 0.70 Sep/16
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