Markets Actual Q3 Q4 Q1 Q2 2022
Currency 103.40 104 104 105 106 107

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 2.30 0.5 0.6 0.6 0.6 0.9
GDP Annual Growth Rate (%) 5.53 3.5 3.8 3.8 4.3 5
Unemployment Rate (%) 12.60 13.2 13.8 13.2 13.2 12.5
Inflation Rate (%) 1.60 2.6 2.9 2.1 1.8 3
Inflation Rate Mom (%) -0.90 0.9 1.1 1.1 1.1 1.1
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 0.75
Balance of Trade (ALL Million) -32318.60 -37000 -37000 -37000 -37000 -37000
Current Account to GDP (% of GDP) -7.60 -8.9 -8.9 -8.4 -8.4 -8.4
Government Debt to GDP (% of GDP) 65.90 75.3 75.3 75.1 75.1 75.1
Government Budget (% of GDP) -1.90 -5.5 -5.5 -3 -3 -3
Business Confidence (points) -1.50 -12 -8 -8 -8 -6
Consumer Confidence (points) -18.90 -13 -12.5 -12.5 -12.5 -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 Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 2.30 0.5 0.6 0.6 0.6 0.9
GDP Annual Growth Rate (%) 5.53 3.5 3.8 3.8 4.3 5
GDP (USD Billion) 14.80 17.12 17.12 18.29 18.29 18.29
GDP Constant Prices (ALL Million) 394702.10 385375 425977 403367 403367 423535
Gross Fixed Capital Formation (ALL Million) 116497.00 90947 102276 120924 120924 126970
GDP per capita (USD) 5064.06 5200 5200 5200 5200 5500
GDP per capita PPP (USD) 13295.41 13900 13900 13900 13900 14000
GDP From Agriculture (ALL Million) 67057.65 76605 74174 69753 69753 73240
GDP From Construction (ALL Million) 36317.72 34641 40956 38849 38849 40792
GDP From Manufacturing (ALL Million) 27534.91 23602 28200 28099 28099 29504
GDP From Mining (ALL Million) 54071.04 52167 58032 60352 60352 63370
GDP From Public Administration (ALL Million) 48337.02 46575 46919 47774 47774 50163
GDP From Services (ALL Million) 60983.70 49003 66935 57746 57746 60633

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 12.60 13.2 13.8 13.2 13.2 12.5
Unemployed Persons (Thousand ) 95.00 80 80 80 80 80
Wages (ALL/Month) 56019.00 64000 64000 64000 64000 64000
Minimum Wages (ALL/Month) 30000.00 27000 28000 28000 28000 28000
Population (Million) 2.85 2.84 2.84 2.84 2.84 2.83
Retirement Age Women 61.17 61.17 61.17 61.33 61.33 61.33
Retirement Age Men 65.00 65 65 65 65 65

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 1.60 2.6 2.9 2.1 1.8 3
Inflation Rate Mom (%) -0.90 0.9 1.1 1.1 1.1 1.1
Consumer Price Index CPI (points) 101.52 103 103 105 103 106
Producer Prices (points) 101.10 100 110 101 99.49 102
Producer Prices Change (%) -0.60 1.8 1.9 0.8 0.8 1
Harmonised Consumer Prices (points) 102.20 102 101 104 103 103
Food Inflation (%) 3.70 2.7 3.8 1.8 1.8 3.8
CPI Transportation (points) 102.57 103 103 103 104 106

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 0.75
Deposit Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Lending Rate (%) 0.90 0.9 0.9 0.9 0.9 0.9

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (ALL Million) -32318.60 -37000 -37000 -37000 -37000 -37000
Current Account to GDP (% of GDP) -7.60 -8.9 -8.9 -8.4 -8.4 -8.4
Imports (ALL Million) 67175.10 62500 62500 62500 62500 62500
Exports (ALL Million) 34856.50 25500 25500 25500 25500 25500

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 65.90 75.3 75.3 75.1 75.1 75.1
Government Budget (% of GDP) -1.90 -5.5 -5.5 -3 -3 -3
Government Budget Value (ALL Million) -14653.00 -983 -1002 -1002 -1002 -1002
Government Spending (ALL Million) 48086.00 47706 44409 49913 49913 52409
Government Spending To GDP (% of GDP) 29.30 30.1 29.8 29.8 29.8 29.8

Taxes Actual Q3 Q4 Q1 Q2 2022
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 Q3 Q4 Q1 Q2 2022
Business Confidence (points) -1.50 -12 -8 -8 -8 -6

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) -18.90 -13 -12.5 -12.5 -12.5 -12.5
Consumer Spending (ALL Million) 280772.00 327183 316678 291441 291441 306013
Gasoline Prices (USD/Liter) 1.41 1.34 1.27 1.21 1.15 1.09
Consumer Credit (ALL Million) 203621.80 214102 195635 206709 209730 217045
Bank Lending Rate (%) 3.89 3.89 3.89 3.89 3.89 3.89


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.