Albania GDP Growth Rate  2005-2017 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Albania expanded 0.36 percent in the second quarter of 2017 over the previous quarter. GDP Growth Rate in Albania averaged 0.85 percent from 2005 until 2017, reaching an all time high of 6 percent in the second quarter of 2005 and a record low of -4.69 percent in the second quarter of 2011.

Albania GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-04-03 09:25 AM GDP Growth Rate QoQ 0.9% 0.9% 0.3%
2017-06-30 09:30 AM GDP Growth Rate QoQ 0.74% 0.7% 0.4%
2017-09-29 11:00 AM GDP Growth Rate QoQ 0.36% 2.04% 0.5%
2017-12-29 10:00 AM GDP Growth Rate QoQ 0.36% 0.6%


Albania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.36 2.04 6.00 -4.69 percent [+]
GDP Annual Growth Rate 4.06 3.94 13.50 -10.84 percent [+]
GDP 11.93 11.39 13.22 0.71 USD Billion [+]
GDP Constant Prices 362258.40 356558.30 362258.40 171020.40 ALL Million [+]
Gross Fixed Capital Formation 76988.90 122902.80 374058.00 64315.50 ALL Million [+]
GDP per capita 4711.99 4547.13 4711.99 1243.13 USD [+]
GDP per capita PPP 11424.63 11024.92 11424.63 3014.09 USD [+]
GDP From Agriculture 64138.76 64816.91 64816.91 50388.51 ALL Million [+]
GDP From Construction 38721.32 35229.77 44540.39 28381.79 ALL Million [+]
GDP From Manufacturing 22063.78 21462.41 22063.78 14613.74 ALL Million [+]
GDP From Mining 48591.73 48002.31 48591.73 29846.51 ALL Million [+]
GDP From Public Administration 40065.56 40001.29 40271.88 26289.82 ALL Million [+]
GDP From Services 57257.98 56516.68 57257.98 48518.02 ALL Million [+]


Albania GDP Growth Rate

Albania’s most important sector is the services sector (60 percent of GDP) with banking, communications and tourism being the most important. Banking has been a heavy recipient of foreign direct investment and is the strongest sector. Remittances also have a big importance for the economy and account for around 8 percent of GDP. Agriculture dominated by small family owned operations employs almost half of the labour force, but accounts for only 20 percent of GDP. The manufacturing industry is responsible for 20 percent of GDP. On the expenditure side, household consumption is the main component of GDP and accounts for 78 percent of its total use, followed by gross fixed capital formation (26 percent) and government expenditure (11 percent, as collective expenditure accounts for 6 percent and individual expenditure accounts for 5 percent). By contrast, net exports of goods and services contributes negatively accounting for -18 percent of total GDP, as exports accounts for 35 percent while imports accounts for a much higher 53 percent. This page provides - Albania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.36 2.04 6.00 -4.69 2005 - 2017 percent Quarterly
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gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 3.10 Jun/17
Turkey 2.10 Jun/17
China 1.70 Sep/17
Netherlands 1.50 Jun/17
India 1.40 Jun/17
Canada 1.10 Jun/17
Russia 1.08 Jun/17
Spain 0.90 Jun/17
Australia 0.80 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Japan 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Switzerland 0.30 Jun/17
United Kingdom 0.30 Jun/17
Brazil 0.20 Jun/17