Markets Actual Q2 Q3 Q4 Q1 2020
Currency 108.38 110 111 111 112 114
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.60 1 0.7 0.6 0.6 0.4
GDP Annual Growth Rate (%) 3.10 3.9 3.8 3.9 3.6 3.7
Unemployment Rate (%) 12.60 12.5 12.3 12.2 12.2 11.5
Inflation Rate (%) 1.50 1.4 1.7 2.2 2.5 2.5
Interest Rate (%) 1.00 1 1.25 1.5 1.5 2
Balance of Trade (ALL Million) -30284.00 0 0 -38800 -38800 -38500
Current Account to GDP (%) -6.30 -6.3 -6.3 -6.3 -6 -6
Government Debt to GDP (%) 63.63 61.3 61.3 61.3 60.5 60.5
Government Budget (% of GDP) -2.00 -2.1 -2.1 -2.1 -2 -2
Business Confidence (Index Points) -2.00 -2.8 -3.1 -3.3 -3.3 -5
Consumer Confidence (Index Points) -8.70 -11.5 -10.9 -11 -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 Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.60 1 0.7 0.6 0.6 0.4
GDP Annual Growth Rate (%) 3.10 3.9 3.8 3.9 3.6 3.7
GDP (USD Billion) 13.04 14.5 14.5 14 14.5 14.5
GDP Constant Prices (ALL Million) 382509.60 384498 388497 397427 396280 412132
Gross Fixed Capital Formation (ALL Million) 91538.00 96056 93277 95108 94833 98627
GDP per capita (USD) 4868.20 4960 4960 4960 4970 4970
GDP per capita PPP (USD) 11803.40 12200 12200 12200 12700 12700
GDP From Agriculture (ALL Million) 66582.37 68081 67647 69179 68979 71739
GDP From Construction (ALL Million) 35480.86 35949 37352 36865 36758 38229
GDP From Manufacturing (ALL Million) 25406.64 26023 25719 26397 26321 27374
GDP From Mining (ALL Million) 51367.43 58811 52926 53371 53217 55345
GDP From Public Administration (ALL Million) 43937.86 42191 42790 45651 45520 47341
GDP From Services (ALL Million) 60163.77 60884 61046 62510 62330 64823
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 12.60 12.5 12.3 12.2 12.2 11.5
Unemployed Persons (Thousand ) 70.00 83 83 82 82 80
Wages (ALL/Month) 60494.00 63513 64059 62500 62500 64000
Minimum Wages (ALL/Month) 26000.00 26000 26000 26000 27000 27000
Population (Million) 2.87 2.87 2.87 2.86 2.85 2.85
Retirement Age Women 60.67 60.67 60.67 60.83 61 61
Retirement Age Men 65.00 65 65 65 65 65
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 1.50 1.4 1.7 2.2 2.5 2.5
Consumer Price Index CPI (Index Points) 106.50 106 107 108 111 111
Producer Prices (Index Points) 103.10 106 106 105 105 107
Producer Prices Change (%) -0.20 2 1.8 1.9 2.1 2
Food Inflation (%) 2.90 3.4 3.5 3.6 3.6 4
CPI Transportation (Index Points) 101.65 104 105 105 104 107
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 1.00 1 1.25 1.5 1.5 2
Deposit Interest Rate (%) 0.10 0.1 0.35 0.35 0.35 0.85
Lending Rate (%) 1.90 1.9 2.15 2.15 2.15 2.65
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (ALL Million) -30284.00 0 0 -38800 -38800 -38500
Current Account to GDP (%) -6.30 -6.3 -6.3 -6.3 -6 -6
Imports (ALL Million) 56952.00 58000 54062 62500 62500 64000
Exports (ALL Million) 26668.00 24600 26932 23700 23700 25500
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 63.63 61.3 61.3 61.3 60.5 60.5
Government Budget (% of GDP) -2.00 -2.1 -2.1 -2.1 -2 -2
Government Spending (ALL Million) 39746.00 40197 40501 41296 41177 42824
Government Spending To GDP (%) 29.70 30.4 30.4 30.4 30.1 30.1
Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) -2.00 -2.8 -3.1 -3.3 -3.3 -5
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) -8.70 -11.5 -10.9 -11 -11 -12
Consumer Spending (ALL Million) 283429.09 312832 288814 294483 293633 305379
Gasoline Prices (USD/Liter) 1.63 1.55 1.51 1.47 1.44 1.44
Bank Lending Rate (%) 4.59 4.59 4.84 4.84 4.84 5.34


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.