Albania recorded a Current Account deficit of 378.07 EUR Million in the second quarter of 2020.

Current Account in Albania averaged -229.84 EUR Million from 2004 until 2020, reaching an all time high of 32.35 EUR Million in the third quarter of 2004 and a record low of -453.26 EUR Million in the fourth quarter of 2008. This page provides - Albania Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Current Account - values, historical data and charts - was last updated on October of 2020.

Current Account in Albania is expected to be -190.56 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Albania to stand at -183.65 in 12 months time. In the long-term, the Albania Current Account is projected to trend around -181.64 EUR Million in 2021 and -180.04 EUR Million in 2022, according to our econometric models.

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Albania Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-378.07 -226.04 32.35 -453.26 2004 - 2020 EUR Million Quarterly

Albania Trade Last Previous Highest Lowest Unit
Balance of Trade -27109.70 -28801.90 -974.05 -39313.20 ALL Million [+]
Current Account -378.07 -226.04 32.35 -453.26 EUR Million [+]
Current Account to GDP -7.60 -6.70 2.24 -15.70 percent [+]
Imports 52352.20 48201.10 60809.20 1601.39 ALL Million [+]
Exports 25242.50 19399.20 30166.20 96.64 ALL Million [+]
Capital Flows -1086.85 -186.13 357.92 -1086.85 EUR Million [+]
Gold Reserves 2.80 2.80 3.73 1.57 Tonnes [+]
Foreign Direct Investment 227.00 275.00 337.40 28.01 EUR Million [+]
External Debt 8908.20 8210.70 8908.20 2405.70 EUR Million [+]
Crude Oil Production 14.00 14.00 24.00 5.00 BBL/D/1K [+]
Terrorism Index 0.42 1.01 2.12 0.00 [+]
Tourist Arrivals 208171.00 573723.00 3325050.00 62116.00 [+]
Remittances 152.39 181.87 295.68 115.07 EUR Million [+]


Albania Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).