The Gross Domestic Product (GDP) in Albania expanded 1.70 percent in the third quarter of 2019 over the previous quarter. GDP Growth Rate in Albania averaged 0.91 percent from 2005 until 2019, reaching an all time high of 6 percent in the second quarter of 2005 and a record low of -2 percent in the first quarter of 2005.
GDP Growth Rate in Albania is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Albania to stand at 0.50 in 12 months time. In the long-term, the Albania GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.