Markets Actual Q2 Q3 Q4 Q1 2021
Currency 109.05 111 111 112 112 113

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -0.20 -0.5 -0.3 0.4 0.6 1
GDP Annual Growth Rate (%) -0.15 -3.5 -0.3 1 2.5 3.2
Unemployment Rate (%) 11.60 14.1 14.6 15.3 16.5 14.5
Inflation Rate (%) 1.90 2.3 2.4 2.5 2.5 2.5
Inflation Rate Mom (%) -0.40 -0.2 -0.2 0.9 0.9 1.1
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 1.25
Balance of Trade (ALL Million) -21368.00 -31500 -31500 -38500 -37000 -38500
Current Account to GDP (%) -6.30 -6 -6 -6 -5.8 -5.8
Government Debt to GDP (%) 63.63 68 68 68 73 73
Government Budget (% of GDP) -1.60 -5.2 -5.2 -5.2 -7 -7
Business Confidence (points) -4.80 -8 -7 -6 -12 -8
Consumer Confidence (points) -15.10 -18.5 -15.9 -14 -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 Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -0.20 -0.5 -0.3 0.4 0.6 1
GDP Annual Growth Rate (%) -0.15 -3.5 -0.3 1 2.5 3.2
GDP (USD Billion) 15.70 16.9 16.9 16.9 18.5 18.5
GDP Constant Prices (ALL Million) 387860.00 380716 393508 391739 397557 404274
Gross Fixed Capital Formation (ALL Million) 87445.00 89412 87314 88319 89631 91146
GDP per capita (USD) 5075.40 5500 5500 5500 5700 5700
GDP per capita PPP (USD) 12306.30 12677 12700 12700 12677 13079
GDP From Agriculture (ALL Million) 67086.97 66686 66863 67758 68764 69926
GDP From Construction (ALL Million) 32407.13 34622 35569 32731 33217 33779
GDP From Manufacturing (ALL Million) 26422.77 25603 25355 26687 27083 27541
GDP From Mining (ALL Million) 54405.49 51315 49334 54950 55766 56708
GDP From Public Administration (ALL Million) 44328.81 43297 45537 44772 45437 46205
GDP From Services (ALL Million) 62103.45 61739 63949 62724 63656 64732

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 11.60 14.1 14.6 15.3 16.5 14.5
Unemployed Persons (Thousand ) 71.00 82 82 80 80 80
Wages (ALL/Month) 53458.00 62500 62500 64000 64000 64000
Minimum Wages (ALL/Month) 26000.00 27000 27000 27000 27000 28000
Population (Million) 2.86 2.85 2.85 2.85 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 Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 1.90 2.3 2.4 2.5 2.5 2.5
Inflation Rate Mom (%) -0.40 -0.2 -0.2 0.9 0.9 1.1
Consumer Price Index CPI (points) 109.69 109 109 110 113 113
Producer Prices (points) 102.20 105 105 104 104 106
Producer Prices Change (%) -1.10 2 2.3 2 2 2.1
Harmonised Consumer Prices (points) 112.00 110 110 111 111 117
Food Inflation (%) 4.30 3.6 3.6 4 4 4
CPI Transportation (points) 98.57 104 105 105 103 108

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 1.25
Deposit Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.85
Lending Rate (%) 0.90 0.9 0.9 0.9 0.9 1.65

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (ALL Million) -21368.00 -31500 -31500 -38500 -37000 -38500
Current Account to GDP (%) -6.30 -6 -6 -6 -5.8 -5.8
Imports (ALL Million) 36248.80 55200 55200 62500 62500 62500
Exports (ALL Million) 14880.30 23700 23700 25500 25500 25500

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 63.63 68 68 68 73 73
Government Budget (% of GDP) -1.60 -5.2 -5.2 -5.2 -7 -7
Government Budget Value (ALL Million) -15620.00 -1271 -1271 -983 -983 -1002
Government Spending (ALL Million) 40746.00 40572 40685 41153 41765 42470
Government Spending To GDP (%) 28.90 30.1 30.1 30.1 30.1 29.8

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2021
Business Confidence (points) -4.80 -8 -7 -6 -12 -8

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Confidence (points) -15.10 -18.5 -15.9 -14 -13 -12.5
Consumer Spending (ALL Million) 291199.00 308302 290762 294111 298479 303523
Gasoline Prices (USD/Liter) 1.49 1.39 1.32 1.25 1.19 1.13
Consumer Credit (ALL Million) 192678.40 177800 184525 188375 191173 194403
Bank Lending Rate (%) 4.16 4.39 4.39 4.39 4.39 5.14


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.