Markets Actual Q3 Q4 Q1 Q2 2020
Currency 108.30 110 111 111 112 113
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.56 0.7 0.6 0.6 0.5 0.4
GDP Annual Growth Rate (%) 2.21 3.8 3.9 3.6 3.5 3.7
Unemployment Rate (%) 12.60 12.3 12.2 12.2 12.2 11.5
Inflation Rate (%) 1.50 1.5 1.8 2.5 2.3 2.5
Interest Rate (%) 1.00 1 1 1 1 1.25
Balance of Trade (ALL Million) -31790.00 0 -38800 -38800 -38800 -38500
Current Account to GDP (%) -6.30 -6.3 -6.3 -6 -6 -6
Government Debt to GDP (%) 63.63 61.3 61.3 60.5 60.5 60.5
Government Budget (% of GDP) -2.00 -2.1 -2.1 -2 -2 -2
Business Confidence (Index Points) -4.10 -3.1 -3.3 -3.5 -3.8 -4.5
Consumer Confidence (Index Points) -11.30 -10.9 -11 -11.4 -11.6 -12
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 2020
GDP Growth Rate (%) 0.56 0.7 0.6 0.6 0.5 0.4
GDP Annual Growth Rate (%) 2.21 3.8 3.9 3.6 3.5 3.7
GDP (USD Billion) 15.06 15.7 15.7 16.9 16.9 16.9
GDP Constant Prices (ALL Million) 383435.30 388497 396122 393453 396280 410778
Gross Fixed Capital Formation (ALL Million) 91538.00 93277 95108 94467 94833 98627
GDP per capita (USD) 5075.40 5350 5350 6000 6000 6000
GDP per capita PPP (USD) 12306.30 12350 12350 12700 12700 12700
GDP From Agriculture (ALL Million) 66938.96 67647 68975 68510 68979 71527
GDP From Construction (ALL Million) 36085.42 37352 38085 37829 36758 39494
GDP From Manufacturing (ALL Million) 25275.27 25719 26224 26047 26321 27194
GDP From Mining (ALL Million) 46653.17 52926 53965 53601 53217 55962
GDP From Public Administration (ALL Million) 43625.25 42790 43630 43336 45520 45245
GDP From Services (ALL Million) 60924.05 61046 62244 61824 62330 64547
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 12.60 12.3 12.2 12.2 12.2 11.5
Unemployed Persons (Thousand ) 70.00 83 82 82 82 80
Wages (ALL/Month) 51531.00 63513 62500 62500 62500 64000
Minimum Wages (ALL/Month) 26000.00 26000 26000 27000 27000 27000
Population (Million) 2.87 2.87 2.86 2.85 2.85 2.85
Retirement Age Women 60.67 60.67 60.83 61 61 61
Retirement Age Men 65.00 65 65 65 65 65
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 1.50 1.5 1.8 2.5 2.3 2.5
Consumer Price Index CPI (Index Points) 106.12 107 108 111 109 110
Producer Prices (Index Points) 103.10 106 105 105 105 107
Producer Prices Change (%) -0.20 1.8 1.9 2.1 2 2
Food Inflation (%) 3.00 3.5 3.6 3.6 3.6 4
CPI Transportation (Index Points) 102.86 105 104 104 104 107
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 1.00 1 1 1 1 1.25
Deposit Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.35
Lending Rate (%) 1.90 1.9 1.9 1.9 1.9 2.15
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (ALL Million) -31790.00 0 -38800 -38800 -38800 -38500
Current Account to GDP (%) -6.30 -6.3 -6.3 -6 -6 -6
Imports (ALL Million) 59537.00 58000 62500 62500 62500 64000
Exports (ALL Million) 27747.00 24600 23700 23700 23700 25500
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 63.63 61.3 61.3 60.5 60.5 60.5
Government Budget (% of GDP) -2.00 -2.1 -2.1 -2 -2 -2
Government Spending (ALL Million) 39746.00 40501 41296 41018 41177 42824
Government Spending To GDP (%) 29.70 30.4 30.4 30.1 30.1 30.1
Taxes Actual Q3 Q4 Q1 Q2 2020
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 2020
Business Confidence (Index Points) -4.10 -3.1 -3.3 -3.5 -3.8 -4.5
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) -11.30 -10.9 -11 -11.4 -11.6 -12
Consumer Spending (ALL Million) 283429.09 288814 294483 292499 293633 305379
Gasoline Prices (USD/Liter) 1.62 1.58 1.54 1.5 1.46 1.46
Bank Lending Rate (%) 4.59 4.59 4.59 4.59 4.59 4.84


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.