Markets Actual Q3 Q4 Q1 Q2 2021
Currency 105.27 106 106 107 107 108

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -0.30 0.3 1.2 0.6 0.8 1
GDP Annual Growth Rate (%) -2.52 -3 -1 2.2 4.5 3.8
Unemployment Rate (%) 11.90 14.6 15.3 15.1 14.6 13.8
Inflation Rate (%) 1.40 2.4 2.5 2.6 2.7 2.8
Inflation Rate Mom (%) -0.50 -0.2 0.9 0.9 0.9 1.1
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 1.25
Balance of Trade (ALL Million) -28855.00 -31500 -38500 -37000 -37000 -38500
Current Account to GDP (%) -6.30 -6 -6 -5.8 -5.8 -5.8
Government Debt to GDP (%) 63.63 68 68 73 73 73
Government Budget (% of GDP) -1.60 -5.2 -5.2 -7 -7 -7
Business Confidence (points) -29.70 -7 -6 -12 -12 -8
Consumer Confidence (points) -21.80 -15.9 -14 -13 -13 -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 2021
GDP Growth Rate (%) -0.30 0.3 1.2 0.6 0.8 1
GDP Annual Growth Rate (%) -2.52 -3 -1 2.2 4.5 3.8
GDP (USD Billion) 15.28 14.1 14.1 14.1 15.35 15.35
GDP Constant Prices (ALL Million) 383471.20 381249 380781 391908 400727 395251
Gross Fixed Capital Formation (ALL Million) 61148.00 86133 102451 105762 108143 106344
GDP per capita (USD) 5209.40 4700 4700 5200 5200 5200
GDP per capita PPP (USD) 13961.80 13100 13100 13900 13900 13900
GDP From Agriculture (ALL Million) 67535.52 66141 66381 69021 70575 68903
GDP From Construction (ALL Million) 31439.70 34063 31773 32131 32854 32980
GDP From Manufacturing (ALL Million) 23756.66 25504 26099 24279 24826 27090
GDP From Mining (ALL Million) 49878.89 52260 52377 50976 52123 54367
GDP From Public Administration (ALL Million) 43974.18 44297 43951 44942 45953 45621
GDP From Services (ALL Million) 61073.32 60194 60538 62417 63822 62838

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 11.90 14.6 15.3 15.1 14.6 13.8
Unemployed Persons (Thousand ) 67.00 82 80 80 80 80
Wages (ALL/Month) 53232.00 62500 64000 64000 64000 64000
Minimum Wages (ALL/Month) 26000.00 27000 27000 27000 27000 28000
Population (Million) 2.86 2.85 2.85 2.84 2.84 2.84
Retirement Age Women 60.67 61 61 61 61 61
Retirement Age Men 65.00 65 65 65 65 65

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 1.40 2.4 2.5 2.6 2.7 2.8
Inflation Rate Mom (%) -0.50 -0.2 0.9 0.9 0.9 1.1
Consumer Price Index CPI (points) 107.59 109 110 113 111 113
Producer Prices (points) 100.90 105 104 103 103 106
Producer Prices Change (%) -2.10 2.3 2 2 2 2.1
Harmonised Consumer Prices (points) 110.10 110 111 111 111 117
Food Inflation (%) 3.10 4.7 4.5 3.9 3.7 3.8
CPI Transportation (points) 97.90 105 105 103 100 108

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 0.50 0.5 0.5 0.5 0.5 1.25
Deposit Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.35
Lending Rate (%) 0.90 0.9 0.9 0.9 0.9 1.15

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (ALL Million) -28855.00 -31500 -38500 -37000 -37000 -38500
Current Account to GDP (%) -6.30 -6 -6 -5.8 -5.8 -5.8
Imports (ALL Million) 51946.00 55200 62500 62500 62500 62500
Exports (ALL Million) 23091.00 23700 25500 25500 25500 25500

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 63.63 68 68 73 73 73
Government Budget (% of GDP) -1.60 -5.2 -5.2 -7 -7 -7
Government Budget Value (ALL Million) -38487.00 -1271 -983 -983 -983 -1002
Government Spending (ALL Million) 39688.00 40135 45654 47130 48190 47389
Government Spending To GDP (%) 28.90 30.1 30.1 30.1 30.1 29.8

Taxes Actual Q3 Q4 Q1 Q2 2021
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 2021
Business Confidence (points) -29.70 -7 -6 -12 -12 -8

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) -21.80 -15.9 -14 -13 -13 -12.5
Consumer Spending (ALL Million) 276653.86 286831 273887 282740 289103 284295
Gasoline Prices (USD/Liter) 1.60 1.45 1.38 1.31 1.25 1.18
Consumer Credit (ALL Million) 189889.60 182030 184645 196917 201349 191662
Bank Lending Rate (%) 3.79 4.16 4.16 4.16 4.16 4.41


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.