Albania GDP Annual Growth Rate  1996-2018 | Data | Chart | Calendar

Albania's gross domestic product increased by 3.36 percent year-on-year in the fourth quarter of 2017, following an upwardly revised 3.60 percent growth in the previous period. It was the lowest expansion since the third quarter of 2016. Growth eased for household consumption (3.14 percent compared to 3.58 percent in Q3) and fixed investment (4.09 percent compared to 4.67 percent). Additionally, government spending dropped 1.84 percent after increasing 2.05 percent in the third quarter. Also, exports fell by 3.77 percent (12.01 percent in Q3) while imports advanced faster at a faster 10.98 percent (9.55 percent in Q3). On a seasonally adjusted quarterly basis, the GDP rose by 0.65 percent. Considering full 2017, the economy expanded 3.84 percent. GDP Annual Growth Rate in Albania averaged 4.10 percent from 1996 until 2017, reaching an all time high of 13.50 percent in the fourth quarter of 1999 and a record low of -10.84 percent in the fourth quarter of 1997.

Albania GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-09-29 11:00 AM GDP Growth Rate YoY 4.06% 3.98% 3.6%
2017-12-29 11:00 AM GDP Growth Rate YoY 3.55% 4.09% 3.4%
2018-04-03 10:00 AM GDP Growth Rate YoY 3.36% 3.60% 4%
2018-06-29 10:00 AM GDP Growth Rate YoY 3.36% 3.80%
2018-09-29 10:00 AM GDP Growth Rate YoY 3.80%
2018-12-29 11:00 AM GDP Growth Rate YoY 3.80%


Albania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.65 0.38 6.00 -4.69 percent [+]
GDP Annual Growth Rate 3.36 3.60 13.50 -10.84 percent [+]
GDP 11.93 11.39 13.22 0.71 USD Billion [+]
GDP Constant Prices 367049.00 363722.20 367049.00 171020.40 ALL Million [+]
Gross Fixed Capital Formation 119162.00 88231.00 374058.00 61632.00 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 65506.00 65058.23 65506.00 50389.87 ALL Million [+]
GDP From Construction 35560.00 36401.54 46222.05 27236.91 ALL Million [+]
GDP From Manufacturing 24360.00 22819.33 24360.00 14511.06 ALL Million [+]
GDP From Mining 46763.00 44100.14 48591.73 29871.35 ALL Million [+]
GDP From Public Administration 42206.00 42139.36 42206.00 26318.07 ALL Million [+]
GDP From Services 57108.00 59228.53 59228.53 48518.02 ALL Million [+]


Albania GDP Annual Growth Rate

Composition of the GDP on the expenditure side: household consumption (78 percent), gross fixed capital formation (26 percent), government expenditure (11 percent). Net exports of goods and services subtracts 18 percent from the GDP as exports accounts for 35 percent and imports for -53 percent. This page provides the latest reported value for - Albania GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Albania GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.36 3.60 13.50 -10.84 1996 - 2017 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
Turkey 7.30 Dec/17
India 7.20 Dec/17
China 6.80 Mar/18
Indonesia 5.19 Dec/17
Spain 3.10 Dec/17
Canada 2.90 Dec/17
Germany 2.90 Dec/17
Netherlands 2.90 Dec/17
South Korea 2.80 Mar/18
Euro Area 2.70 Dec/17
United States 2.60 Dec/17
France 2.50 Dec/17
Australia 2.40 Dec/17
Brazil 2.10 Dec/17
Japan 2.00 Dec/17
Switzerland 1.90 Dec/17
Italy 1.60 Dec/17
Mexico 1.50 Dec/17
United Kingdom 1.40 Dec/17
Russia 0.90 Dec/17


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