Albania GDP Growth Hits Five-Quarter Low
2025-06-26 12:05
By
Dongting Liu
1 min. read
Albania's gross domestic product rose by 3.4% year-on-year in the first quarter of 2025, marking the slowest pace since Q4 2023, slowing from an upwardly revised 4.4% in the previous quarter.
Household consumption increased by 2.5% and government spending rose by 7.3%.
Meanwhile, gross fixed capital formation grew by 2.9%.
On the external front, exports advanced 9.5%, outpacing a 1.7% rise in imports.
On a seasonally adjusted quarterly basis, the economy grew by 0.7% in the first quarter of 2025.