The Gross Domestic Product (GDP) in Albania contracted 8.80 percent in the second quarter of 2020 over the previous quarter.
GDP Growth Rate in Albania averaged 0.62 percent from 2005 until 2020, reaching an all time high of 6 percent in the second quarter of 2005 and a record low of -8.80 percent in the second quarter of 2020. This page provides - Albania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
GDP Growth Rate in Albania is expected to be 0.30 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 0.80 in 12 months time. In the long-term, the Albania GDP Growth Rate is projected to trend around 1.00 percent in 2021 and 0.90 percent in 2022, according to our econometric models.