Albania recorded a Current Account deficit of 6.30 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Albania averaged -5.61 percent from 1980 until 2018, reaching an all time high of 2.24 percent in 1999 and a record low of -15.70 percent in 2008. This page provides - Albania Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Current Account to GDP - values, historical data and charts - was last updated on June of 2020.

Current Account to GDP in Albania is expected to reach -6.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Albania Current Account to GDP is projected to trend around -5.80 percent in 2021 and -5.60 percent in 2022, according to our econometric models.

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Albania Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-6.30 -7.50 2.24 -15.70 1980 - 2018 percent Yearly

Albania Trade Last Previous Highest Lowest Unit
Balance of Trade -21368.00 -26559.00 -974.05 -39313.20 ALL Million [+]
Current Account -346.48 -161.18 32.35 -453.26 EUR Million [+]
Current Account to GDP -6.30 -7.50 2.24 -15.70 percent [+]
Imports 36248.80 44369.50 60809.20 1601.39 ALL Million [+]
Exports 14880.30 17810.00 30166.20 96.64 ALL Million [+]
Capital Flows -50.60 -105.44 357.92 -755.89 EUR Million [+]
Gold Reserves 2.80 2.18 3.73 1.57 Tonnes [+]
Foreign Direct Investment 272.00 249.00 337.40 28.01 EUR Million [+]
External Debt 8258.30 8328.50 8420.70 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 944036.00 3325050.00 3325050.00 62116.00 [+]
Remittances 184.64 185.17 295.68 115.07 EUR Million [+]


Albania Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.