Markets Actual Q4 Q1 Q2 Q3 2021
Currency 104.39 105 106 106 107 108

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -8.80 0.5 0.6 0.8 0.5 1
GDP Annual Growth Rate (%) -10.23 -1 2.2 4.5 2.5 3.8
Unemployment Rate (%) 12.50 15.3 15.1 14.6 14.6 13.8
Inflation Rate (%) 1.50 2 2.3 2.3 2.4 2.5
Inflation Rate Mom (%) 0.40 0.9 0.9 0.9 0.9 1.1
Interest Rate (%) 0.50 0.5 0.5 0.5 1 1.25
Balance of Trade (ALL Million) -27109.70 -38500 -38500 -37000 -37000 -38500
Current Account to GDP (%) -7.60 -12.1 -10.4 -10.4 -10.4 -10.4
Government Debt to GDP (%) 65.90 80 80.5 80.5 80.5 80.5
Government Budget (% of GDP) -1.90 -8.4 -5.5 -5.5 -5.5 -5.5
Business Confidence (points) -20.30 -6 -12 -12 -12 -8
Consumer Confidence (points) -18.30 -14 -13 -12.5 -13 -12.5
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 2021
GDP Growth Rate (%) -8.80 0.5 0.6 0.8 0.5 1
GDP Annual Growth Rate (%) -10.23 -1 2.2 4.5 2.5 3.8
GDP (USD Billion) 15.28 14.1 14.1 15.35 15.35 15.35
GDP Constant Prices (ALL Million) 344084.80 410778 380781 391908 400727 425977
Gross Fixed Capital Formation (ALL Million) 61148.00 98627 104037 62493 63900 102276
GDP per capita (USD) 5209.40 4700 5200 5200 5200 5200
GDP per capita PPP (USD) 13961.80 13100 13900 13900 13900 13900
GDP From Agriculture (ALL Million) 68397.46 71527 66381 69021 70575 74174
GDP From Construction (ALL Million) 30929.03 39494 31773 32131 32854 40956
GDP From Manufacturing (ALL Million) 21073.36 27194 26099 24279 24826 28200
GDP From Mining (ALL Million) 46577.83 55962 52377 50976 52123 58032
GDP From Public Administration (ALL Million) 41584.94 45245 43951 44942 45953 46919
GDP From Services (ALL Million) 43752.47 64547 60538 62417 63822 66935

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 12.50 15.3 15.1 14.6 14.6 13.8
Unemployed Persons (Thousand ) 85.00 80 80 80 80 80
Wages (ALL/Month) 54149.00 64000 64000 64000 64000 64000
Minimum Wages (ALL/Month) 26000.00 27000 27000 27000 27000 28000
Population (Million) 2.86 2.85 2.84 2.84 2.84 2.84
Retirement Age Women 60.67 61 61 61 61 61
Retirement Age Men 65.00 65 65 65 65 65

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 1.50 2 2.3 2.3 2.4 2.5
Inflation Rate Mom (%) 0.40 0.9 0.9 0.9 0.9 1.1
Consumer Price Index CPI (points) 108.23 109 113 111 110 112
Producer Prices (points) 99.00 107 104 103 103 110
Producer Prices Change (%) -4.10 2 2 2 2 2.1
Harmonised Consumer Prices (points) 110.30 111 111 111 111 117
Food Inflation (%) 3.80 4.5 3.9 3.7 3.7 3.8
CPI Transportation (points) 98.20 105 103 100 101 107

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.50 0.5 0.5 0.5 1 1.25
Deposit Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Lending Rate (%) 0.90 1.9 0.9 0.9 0.9 1.9

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (ALL Million) -27109.70 -38500 -38500 -37000 -37000 -38500
Current Account to GDP (%) -7.60 -12.1 -10.4 -10.4 -10.4 -10.4
Imports (ALL Million) 52352.20 62500 62500 62500 62500 62500
Exports (ALL Million) 25242.50 25500 25500 25500 25500 25500

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 65.90 80 80.5 80.5 80.5 80.5
Government Budget (% of GDP) -1.90 -8.4 -5.5 -5.5 -5.5 -5.5
Government Budget Value (ALL Million) -58423.00 -983 -983 -983 -983 -1002
Government Spending (ALL Million) 39688.00 42824 45826 40561 41474 44409
Government Spending To GDP (%) 28.90 30.1 30.1 30.1 30.1 29.8

Taxes Actual Q4 Q1 Q2 Q3 2021
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 2021
Business Confidence (points) -20.30 -6 -12 -12 -12 -8

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) -18.30 -14 -13 -12.5 -13 -12.5
Consumer Spending (ALL Million) 270287.00 305379 273584 276233 282450 316678
Gasoline Prices (USD/Liter) 1.59 1.44 1.38 1.31 1.25 1.36
Consumer Credit (ALL Million) 189889.60 188655 184645 196917 198435 195635
Bank Lending Rate (%) 3.79 4.8 3.79 3.79 3.79 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.