Markets Actual Q2 Q3 Q4 Q1 2022
Currency 101.05 101 102 102 103 104

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 1.20 0.8 0.5 0.6 0.6 0.9
GDP Annual Growth Rate (%) 2.99 8 3.5 3.8 3.8 5
Unemployment Rate (%) 12.30 14.6 14.6 13.8 13.2 12.5
Inflation Rate (%) 1.90 1.4 1.6 1.9 2.1 3
Inflation Rate Mom (%) 0.20 0.9 0.9 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) -32779.40 -37000 -37000 -38500 -38500 -37000
Current Account to GDP (%) -7.60 -8.9 -8.9 -8.9 -8.4 -8.4
Government Debt to GDP (%) 65.90 75.3 75.3 75.3 75.1 75.1
Government Budget (% of GDP) -1.90 -5.5 -5.5 -5.5 -3 -3
Business Confidence (points) -1.50 -12 -12 -8 -8 -6
Consumer Confidence (points) -18.90 -12.5 -13 -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 Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 1.20 0.8 0.5 0.6 0.6 0.9
GDP Annual Growth Rate (%) 2.99 8 3.5 3.8 3.8 5
GDP (USD Billion) 15.28 17.12 17.12 17.12 18.29 18.29
GDP Constant Prices (ALL Million) 388600.00 395742 371612 425977 396227 416039
Gross Fixed Capital Formation (ALL Million) 116497.00 63105 66040 102276 63472 66645
GDP per capita (USD) 5209.40 5200 5200 5200 5200 5500
GDP per capita PPP (USD) 13961.80 13900 13900 13900 13900 14000
GDP From Agriculture (ALL Million) 67199.00 69697 73869 74174 70363 73881
GDP From Construction (ALL Million) 37427.00 32446 33403 40956 36930 38776
GDP From Manufacturing (ALL Million) 27070.00 24517 22759 28200 26698 28033
GDP From Mining (ALL Million) 58143.00 51475 50304 58032 54843 57585
GDP From Public Administration (ALL Million) 46025.00 45381 44912 46919 47805 50195
GDP From Services (ALL Million) 55632.00 63028 47253 66935 52472 55096

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 12.30 14.6 14.6 13.8 13.2 12.5
Unemployed Persons (Thousand ) 91.00 80 80 80 80 80
Wages (ALL/Month) 54951.00 64000 64000 64000 64000 64000
Minimum Wages (ALL/Month) 26000.00 27000 27000 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 61.17 61.33 61.33
Retirement Age Men 65.00 65 65 65 65 65

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 1.90 1.4 1.6 1.9 2.1 3
Inflation Rate Mom (%) 0.20 0.9 0.9 1.1 1.1 1.1
Consumer Price Index CPI (points) 103.30 103 101 115 102 105
Producer Prices (points) 98.70 101 100 110 100 101
Producer Prices Change (%) -3.40 1.5 1.8 1.9 0.8 1
Harmonised Consumer Prices (points) 103.70 101 102 101 104 103
Food Inflation (%) 4.80 2.7 2.7 3.8 1.8 3.8
CPI Transportation (points) 101.20 104 102 112 102 105

Money Actual Q2 Q3 Q4 Q1 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 0.35
Lending Rate (%) 0.90 0.9 0.9 1.9 0.9 1.15

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (ALL Million) -32779.40 -37000 -37000 -38500 -38500 -37000
Current Account to GDP (%) -7.60 -8.9 -8.9 -8.9 -8.4 -8.4
Imports (ALL Million) 64496.60 62500 62500 62500 62500 62500
Exports (ALL Million) 31717.10 25500 25500 25500 25500 25500

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 65.90 75.3 75.3 75.3 75.1 75.1
Government Budget (% of GDP) -1.90 -5.5 -5.5 -5.5 -3 -3
Government Budget Value (ALL Million) -7162.00 -983 -983 -1002 -1002 -1002
Government Spending (ALL Million) 48086.00 40958 42863 44409 41196 43256
Government Spending To GDP (%) 29.30 30.1 30.1 29.8 29.8 29.8

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

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) -18.90 -12.5 -13 -12.5 -12.5 -12.5
Consumer Spending (ALL Million) 280772.00 279349 315271 316678 292598 307228
Gasoline Prices (USD/Liter) 1.42 1.36 1.29 1.36 1.16 1.11
Consumer Credit (ALL Million) 200152.90 198844 206455 195635 206709 217045
Bank Lending Rate (%) 3.20 4.6 4.6 4.8 4.6 4.85


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.