Markets Actual Q4 Q1 Q2 Q3 2020
Currency 110.90 112 113 114 114 116
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.68 0.6 0.6 0.5 0.5 0.4
GDP Annual Growth Rate (%) 2.31 2.9 3.6 3.5 3.2 3.7
Unemployment Rate (%) 12.00 11.8 12 11.8 11.7 11.9
Inflation Rate (%) 1.30 1.8 2.5 2.3 2.4 2.5
Interest Rate (%) 1.00 1 1 1 1 1.25
Balance of Trade (ALL Million) -27280.10 -38800 -38800 -33800 -31500 -38500
Current Account to GDP (%) -6.30 -6.3 -6 -6 -6 -6
Government Debt to GDP (%) 63.63 61.3 60.5 60.5 60.5 60.5
Government Budget (% of GDP) -2.00 -2.1 -2 -2 -2 -2
Business Confidence (Index Points) 4.20 -3.3 -3.5 -3.8 -4.1 -4.5
Consumer Confidence (Index Points) -12.30 -11 -11.4 -11.6 -11.9 -12
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 23.00 23 23 23 23 23
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.68 0.6 0.6 0.5 0.5 0.4
GDP Annual Growth Rate (%) 2.31 2.9 3.6 3.5 3.2 3.7
GDP (USD Billion) 15.06 15.7 16.9 16.9 16.9 16.9
GDP Constant Prices (ALL Million) 386848.30 396122 393453 397239 396856 410778
Gross Fixed Capital Formation (ALL Million) 72373.00 95108 94467 94833 94742 98627
GDP per capita (USD) 5075.40 5350 6000 6000 6000 6000
GDP per capita PPP (USD) 12306.30 12350 12700 12700 12700 12700
GDP From Agriculture (ALL Million) 67874.00 68975 68510 69349 69282 71527
GDP From Construction (ALL Million) 35200.58 38085 37829 37384 37348 39494
GDP From Manufacturing (ALL Million) 26022.51 26224 26047 26185 26160 27194
GDP From Mining (ALL Million) 52102.67 53965 53601 48333 48286 55962
GDP From Public Administration (ALL Million) 44146.88 43630 43336 45196 45152 45245
GDP From Services (ALL Million) 62521.63 62244 61824 63117 63056 64547
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 12.00 11.8 12 11.8 11.7 11.9
Unemployed Persons (Thousand ) 72.00 82 82 82 82 80
Wages (ALL/Month) 52645.00 62500 62500 62500 62500 64000
Minimum Wages (ALL/Month) 26000.00 26000 27000 27000 27000 27000
Population (Million) 2.87 2.88 2.86 2.86 2.86 2.86
Retirement Age Women 60.67 60.83 61 61 61 61
Retirement Age Men 65.00 65 65 65 65 65
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 1.30 1.8 2.5 2.3 2.4 2.5
Consumer Price Index CPI (Index Points) 106.59 109 111 111 109 112
Producer Prices (Index Points) 103.20 105 105 105 105 107
Producer Prices Change (%) -0.30 1 2.1 2 2.3 2
Food Inflation (%) 2.60 3.6 3.6 3.6 3.6 4
CPI Transportation (Index Points) 102.90 105 104 104 104 109
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 1.00 1 1 1 1 1.25
Deposit Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Lending Rate (%) 1.90 1.9 1.9 1.9 1.9 1.9
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (ALL Million) -27280.10 -38800 -38800 -33800 -31500 -38500
Current Account to GDP (%) -6.30 -6.3 -6 -6 -6 -6
Imports (ALL Million) 52053.80 61300 57500 55200 55200 62500
Exports (ALL Million) 24773.70 23700 23700 23700 23700 25500
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 63.63 61.3 60.5 60.5 60.5 60.5
Government Budget (% of GDP) -2.00 -2.1 -2 -2 -2 -2
Government Spending (ALL Million) 37872.00 41296 41018 41177 41137 42824
Government Spending To GDP (%) 29.70 30.4 30.1 30.1 30.1 30.1
Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 4.20 -3.3 -3.5 -3.8 -4.1 -4.5
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) -12.30 -11 -11.4 -11.6 -11.9 -12
Consumer Spending (ALL Million) 264408.00 294483 292499 293633 293349 305379
Gasoline Prices (USD/Liter) 1.58 1.47 1.44 1.37 1.33 1.44
Bank Lending Rate (%) 3.96 4.8 4.8 4.59 4.59 4.8


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.