Markets Actual Q1 Q2 Q3 Q4 2022
Currency 103.74 104 104 105 105 106

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 9.80 0.9 0.8 0.5 0.6 0.9
GDP Annual Growth Rate (%) -3.65 3.2 8 3.5 3.8 5
Unemployment Rate (%) 11.60 15.1 14.6 14.6 13.8 13.8
Inflation Rate (%) 1.10 1.5 1.3 1.4 1.7 2.5
Inflation Rate Mom (%) 1.10 0.9 0.9 0.9 1.1 1.1
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 1.5
Balance of Trade (ALL Million) -21684.00 -37000 -37000 -37000 -38500 -37000
Current Account to GDP (%) -7.60 -10.4 -10.4 -10.4 -10.4 -8.8
Government Debt to GDP (%) 65.90 80.5 80.5 80.5 80.5 75
Government Budget (% of GDP) -1.90 -5.5 -5.5 -5.5 -5.5 -3.5
Business Confidence (points) -11.70 -12 -12 -12 -8 -6
Consumer Confidence (points) -20.20 -13 -12.5 -13 -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 Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 9.80 0.9 0.8 0.5 0.6 0.9
GDP Annual Growth Rate (%) -3.65 3.2 8 3.5 3.8 5
GDP (USD Billion) 15.28 14.1 15.35 15.35 15.35 15.9
GDP Constant Prices (ALL Million) 381722.00 380781 395742 371612 425977 395251
Gross Fixed Capital Formation (ALL Million) 61148.00 104037 63105 66040 102276 107991
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) 67787.00 66381 69697 73869 74174 68903
GDP From Construction (ALL Million) 35578.00 31773 32446 33403 40956 32980
GDP From Manufacturing (ALL Million) 25721.00 26099 24517 22759 28200 27090
GDP From Mining (ALL Million) 52835.00 52377 51475 50304 58032 54367
GDP From Public Administration (ALL Million) 46055.00 43951 45381 44912 46919 45621
GDP From Services (ALL Million) 50551.00 60538 63028 47253 66935 62838

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 11.60 15.1 14.6 14.6 13.8 13.8
Unemployed Persons (Thousand ) 88.00 80 80 80 80 80
Wages (ALL/Month) 52815.00 64000 64000 64000 64000 64000
Minimum Wages (ALL/Month) 26000.00 27000 27000 27000 28000 28000
Population (Million) 2.86 2.84 2.84 2.84 2.84 2.83
Retirement Age Women 61.17 61.17 61.17 61.17 61.17 61.33
Retirement Age Men 65.00 65 65 65 65 65

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 1.10 1.5 1.3 1.4 1.7 2.5
Inflation Rate Mom (%) 1.10 0.9 0.9 0.9 1.1 1.1
Consumer Price Index CPI (points) 102.40 103 101 101 102 104
Producer Prices (points) 98.20 101 100 99.97 100 101
Producer Prices Change (%) -4.10 0.5 1.5 1.8 1.9 1
Harmonised Consumer Prices (points) 110.00 3.1 111 111 117 117
Food Inflation (%) 1.20 3.9 3.7 3.7 3.8 3.8
CPI Transportation (points) 100.80 104 101 102 102 104

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 1.5
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 1.9 0.9

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (ALL Million) -21684.00 -37000 -37000 -37000 -38500 -37000
Current Account to GDP (%) -7.60 -10.4 -10.4 -10.4 -10.4 -8.8
Imports (ALL Million) 45420.00 62500 62500 62500 62500 62500
Exports (ALL Million) 23736.00 25500 25500 25500 25500 25500

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 65.90 80.5 80.5 80.5 80.5 75
Government Budget (% of GDP) -1.90 -5.5 -5.5 -5.5 -5.5 -3.5
Government Budget Value (ALL Million) -110569.00 -983 -983 -983 -1002 -1002
Government Spending (ALL Million) 39688.00 45826 40958 42863 44409 47568
Government Spending To GDP (%) 29.30 30.1 30.1 30.1 29.8 29.8

Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2022
Business Confidence (points) -11.70 -12 -12 -12 -8 -6

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) -20.20 -13 -12.5 -13 -12.5 -12.5
Consumer Spending (ALL Million) 281886.00 273584 278936 291910 316678 283980
Gasoline Prices (USD/Liter) 1.42 1.36 1.29 1.23 1.16 1.11
Consumer Credit (ALL Million) 199142.10 184645 198844 206455 195635 191662
Bank Lending Rate (%) 4.60 3.73 3.73 3.73 4.8 3.73


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.