Albania’s gross domestic product expanded 2.2 percent year-on-year in the first quarter of 2019, easing from an upwardly revised 3.3 percent advance in the previous period. It was the softest pace of expansion since the second quarter of 2015. Main contribution to growth came from trade, transport, accommodation and food services; real estate activity; construction; public administration, education and health; professional and administrative services; agriculture, forestry and fishing; information and communication and financial and insurance services. On the other hand, output shrank for industry, electricity and water and arts, entertainment and recreation services. GDP Annual Growth Rate in Albania averaged 4.07 percent from 1996 until 2019, reaching an all time high of 13.50 percent in the fourth quarter of 1999 and a record low of -10.84 percent in the fourth quarter of 1997.

GDP Annual Growth Rate in Albania is expected to be 2.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Albania to stand at 3.50 in 12 months time. In the long-term, the Albania GDP Annual Growth Rate is projected to trend around 3.80 percent in 2020, according to our econometric models.

Albania GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-26 09:30 AM GDP Growth Rate YoY Q2 4.32% 4.46% 3.7%
2018-12-28 11:00 AM GDP Growth Rate YoY Q3 4.48% 4.19% 3.3%
2019-03-29 11:00 AM GDP Growth Rate YoY Q4 3.1% 4.7% 2.7%
2019-07-01 02:20 PM GDP Growth Rate YoY Q1 2.2% 3.3% 3.6%
2019-09-30 10:00 AM GDP Growth Rate YoY Q2 2.2% 2.9%
2019-12-24 11:00 AM GDP Growth Rate YoY Q3 2.7%


Albania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.56 0.60 6.00 -2.00 percent [+]
GDP Annual Growth Rate 2.21 3.32 13.50 -10.84 percent [+]
GDP 15.06 13.03 15.06 0.65 USD Billion [+]
GDP Constant Prices 383435.30 382509.60 383435.30 171020.40 ALL Million [+]
Gross Fixed Capital Formation 91538.00 94219.00 374058.00 61632.00 ALL Million [+]
GDP per capita 5075.40 4867.90 5075.40 1243.60 USD [+]
GDP per capita PPP 12306.30 11803.30 12306.30 3015.40 USD [+]
GDP From Agriculture 66938.96 66582.37 66938.96 50319.00 ALL Million [+]
GDP From Construction 36085.42 35480.86 45498.00 28028.00 ALL Million [+]
GDP From Manufacturing 25275.27 25406.64 25525.00 14554.00 ALL Million [+]
GDP From Mining 46653.17 51367.43 57686.00 28367.00 ALL Million [+]
GDP From Public Administration 43625.25 43937.86 43937.86 26314.00 ALL Million [+]
GDP From Services 60924.05 60163.77 60924.05 48198.00 ALL Million [+]


Albania GDP Annual Growth Rate

In Albania, the most important component on the expenditure side of the GDP is household consumption (78 percent) followed by gross fixed capital formation (26 percent) and government expenditure (11 percent). Net exports of goods and services subtracts 18 percent from the GDP as exports accounts for 35 percent and imports for 53 percent. This page provides the latest reported value for - Albania GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Albania GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.21 3.32 13.50 -10.84 1996 - 2019 percent Quarterly
NSA




Country Last Previous
China 6.20 Jun/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
United States 2.30 Jun/19
Spain 2.10 Jun/19
Netherlands 2.00 Jun/19
South Korea 2.00 Jun/19
Saudi Arabia 1.70 Mar/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
Euro Area 1.20 Jun/19
United Kingdom 1.20 Jun/19
Brazil 1.00 Jun/19
Japan 1.00 Jun/19
Russia 0.90 Jun/19
South Africa 0.90 Jun/19
Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Jun/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19
Argentina -5.80 Mar/19


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