Markets Actual Q3 Q4 Q1 Q2 2022
Currency 103.28 104 104 105 105 106

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 (%) 12.10 12.9 13 13.1 13.2 13.3
Inflation Rate (%) 2.40 2.6 3.1 3.1 2.8 3
Inflation Rate Mom (%) 0.40 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) -37098.80 -37000 -37000 -37000 -37000 -37000
Current Account to GDP (% of GDP) -8.90 -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) -6.90 -5.5 -5.5 -3 -3 -3
Business Confidence (points) -1.50 -12 -8 -8 -8 -6
Consumer Confidence (points) -25.45 -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 395082 403367 409701 411674 423535
Gross Fixed Capital Formation (ALL Million) 73757.72 94745 102276 76561 76929 125691
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 69540 74174 69606 69941 72987
GDP From Construction (ALL Million) 36317.72 38591 40956 37698 37879 41023
GDP From Manufacturing (ALL Million) 27534.91 26782 28200 28581 28719 29462
GDP From Mining (ALL Million) 54071.04 51024 58032 56126 56396 59562
GDP From Public Administration (ALL Million) 48337.02 48433 46919 50174 50416 52448
GDP From Services (ALL Million) 60983.70 55112 66935 63301 63606 62764

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 12.10 12.9 13 13.1 13.2 13.3
Unemployed Persons (Thousand ) 98.00 80 80 80 80 80
Wages (ALL/Month) 56710.00 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 (%) 2.40 2.6 3.1 3.1 2.8 3
Inflation Rate Mom (%) 0.40 0.9 1.1 1.1 1.1 1.1
Consumer Price Index CPI (points) 102.01 103 103 106 104 106
Producer Prices (points) 101.20 101 101 102 102 102
Producer Prices Change (%) 1.60 1.8 1.9 0.8 0.8 1
Harmonised Consumer Prices (points) 102.20 102 101 104 103 103
Food Inflation (%) 4.30 2.7 3.8 1.8 1.8 3.8
CPI Transportation (points) 105.03 103 103 104 105 106

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) -37098.80 -37000 -37000 -37000 -37000 -37000
Current Account to GDP (% of GDP) -8.90 -8.9 -8.9 -8.4 -8.4 -8.4
Imports (ALL Million) 60854.80 62500 62500 62500 62500 62500
Exports (ALL Million) 23756.00 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) -6.90 -5.5 -5.5 -3 -3 -3
Government Budget Value (ALL Million) -29141.00 -983 -1002 -1002 -1002 -1002
Government Spending (ALL Million) 41813.24 42890 44409 43402 43611 52145
Government Spending To GDP (% of GDP) 33.40 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) -25.45 -13 -12.5 -12.5 -12.5 -12.5
Consumer Spending (ALL Million) 276246.00 293389 316678 286743 288125 307353
Gasoline Prices (USD/Liter) 1.63 1.55 1.47 1.4 1.33 1.26
Consumer Credit (ALL Million) 210709.78 202115 195635 209730 219770 217045
Bank Lending Rate (%) 3.93 3.93 3.93 3.93 3.93 3.93


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.