Markets Actual Q1 Q2 Q3 Q4 2020
Currency 108.89 109 110 110 111 113
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.09 0.9 1 0.7 0.6 0.4
GDP Annual Growth Rate (%) 4.48 3.6 3.9 3.8 3.9 3.7
Unemployment Rate (%) 12.70 12.7 12.5 12.3 12.2 11.5
Inflation Rate (%) 1.80 2.6 2.5 2.7 2.8 3
Interest Rate (%) 1.00 1 1.25 1.25 1.5 2
Balance of Trade (ALL Million) -38422.00 -28900 -33400 -27130 -38800 -38500
Current Account to GDP (%) -6.40 -7 -7 -7 -7 -6.5
Government Debt to GDP (%) 69.92 67.8 67.8 67.8 67.8 66.3
Government Budget (% of GDP) -2.00 -1.2 -1.2 -1.2 -1.2 -1
Business Confidence (Index Points) -1.30 -2.6 -2.8 -3.1 -3.3 -5
Consumer Confidence (Index Points) -12.30 -11.22 -11.5 -10.9 -11 -12
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 23.00 23 23 23 23 23
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.09 0.9 1 0.7 0.6 0.4
GDP Annual Growth Rate (%) 4.48 3.6 3.9 3.8 3.9 3.7
GDP (USD Billion) 13.04 14.5 14.5 14.5 14 14.5
GDP Constant Prices (ALL Million) 381252.90 379656 385310 385121 392680 407209
Gross Fixed Capital Formation (ALL Million) 93772.00 73140 95601 95554 97429 101034
GDP per capita (USD) 4868.20 4960 4960 4960 4960 4970
GDP per capita PPP (USD) 11803.40 12200 12200 12200 12200 12700
GDP From Agriculture (ALL Million) 66386.02 67339 68081 68048 69383 71951
GDP From Construction (ALL Million) 36655.55 36978 36636 36601 36636 37992
GDP From Manufacturing (ALL Million) 25239.59 24994 26023 26010 26520 27502
GDP From Mining (ALL Million) 51939.24 55190 59936 59878 59936 62153
GDP From Public Administration (ALL Million) 41992.48 43013 42998 42957 42998 44589
GDP From Services (ALL Million) 59907.30 59090 60884 60854 62048 64344
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 12.70 12.7 12.5 12.3 12.2 11.5
Employed Persons (Thousand ) 1152.00 1130 1131 1133 1132 1138
Unemployed Persons (Thousand ) 72.00 84 83 83 82 80
Wages (ALL/Month) 60494.00 61800 63513 64059 62500 64000
Minimum Wages (ALL/Month) 26000.00 26000 26000 26000 26000 27000
Population (Million) 2.87 2.87 2.87 2.87 2.87 2.86
Retirement Age Women 60.67 60.83 60.67 60.67 60.83 61
Retirement Age Men 65.00 65 65 65 65 65
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.80 2.6 2.5 2.7 2.8 3
Consumer Price Index CPI (Index Points) 105.90 109 107 108 108 111
Producer Prices (Index Points) 104.00 105 106 107 107 110
Producer Prices Change (%) 2.83 1.7 2 1.8 1.9 2
Harmonised Consumer Prices (Index Points) 106.90 111 109 109 108 112
Food Inflation (%) 2.18 3.4 3.4 3.5 3.6 4
CPI Transportation (Index Points) 102.60 104 105 106 107 110
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 1.00 1 1.25 1.25 1.5 2
Deposit Interest Rate (%) 0.10 0.1 0.35 0.35 0.6 0.6
Lending Rate (%) 1.90 1.9 2.15 2.15 2.4 2.4
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (ALL Million) -38422.00 -28900 -33400 -27130 -38800 -38500
Current Account to GDP (%) -6.40 -7 -7 -7 -7 -6.5
Imports (ALL Million) 60030.00 55100 58000 54062 62500 64000
Exports (ALL Million) 21608.00 26200 24600 26932 23700 25500
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 69.92 67.8 67.8 67.8 67.8 66.3
Government Budget (% of GDP) -2.00 -1.2 -1.2 -1.2 -1.2 -1
Government Budget Value (ALL Million) 4084.00 -1627 64 -1213 -1271 -983
Government Spending (ALL Million) 39428.00 38841 40966 40926 40966 42481
Government Spending To GDP (%) 29.70 29.7 29.7 29.7 29.7 29.7
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 23.00 23 23 23 23 23
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 24.50 24.5 24.5 24.5 24.5 24.5
Social Security Rate For Companies (%) 15.00 15 15 15 15 15
Social Security Rate For Employees (%) 9.50 9.5 9.5 9.5 9.5 9.5
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) -1.30 -2.6 -2.8 -3.1 -3.3 -5
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) -12.30 -11.22 -11.5 -10.9 -11 -12
Consumer Spending (ALL Million) 306718.27 267570 312699 312546 318680 330471
Gasoline Prices (USD/Liter) 1.71 1.61 1.57 1.54 1.5 1.5
Bank Lending Rate (%) 4.31 4.31 4.56 4.56 4.81 4.81
Housing Actual Q1 Q2 Q3 Q4 2020
Building Permits 343.00 340 330 280 300 350


This page has 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.