Albania Crude Oil Production  Forecast 2016-2020

Crude Oil Production in Albania is expected to be 22.17 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Albania to stand at 22.50 in 12 months time. In the long-term, the Albania Crude Oil Production is projected to trend around 23.33 BBL/D/1K in 2020, according to our econometric models.

Albania Crude Oil Production
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Forecast Actual Q2/17 Q3/17 Q4/17 Q1/18 2020 Unit
Crude Oil Production 22 22.17 22.29 22.4 22.5 23.33 BBL/D/1K
Albania Crude Oil Production Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Albania Crude Oil Production using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Albania Crude Oil Production - was last predicted on Monday, June 26, 2017.
Albania Trade Last Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -30598 -27853 -27519 -27524 -27524 -27524
Exports 24221 22608 22720 22541 22585 22578
Imports 54819 49991 48381 49678 49245 49396
Current Account -179 -247 -186 -229 -197 -214
Current Account to GDP -10.1 -8.2 -8.2 -8.2 -6.6 -4.2
Capital Flows -239 -266 -268 -212 -240 -234
Gold Reserves 1.57 1.57 1.57 1.57 1.57 1.57
Remittances 166 154 160 164 148 160
Terrorism Index 1.1 0.69 0.46 0.23 0.15 0.92
Foreign Direct Investment 276 201 222 253 260 242
Crude Oil Production 22 22.17 22.29 22.4 22.5 23.33
External Debt 7862 7935 7955 7988 8005 8167