Albania’s economy expanded by 4.32 percent year-on-year in the second quarter of 2018, after an upwardly revised 4.46 percent growth in the previous period. Output slowed for fixed investment (1.48 percent from 4.5 percent in Q1) and production fell for government spending (-3.43 percent from 2.47 percent). On the other hand, output advanced faster for household consumption (3.35 percent from 2.98 percent). Meanwhile, net trade contributed positively to growth, as exports rose 3.89 percent (4.99 percent in Q1) and imports went up at a softer 2.01 percent (8.2 percent in Q1). On a seasonally adjusted quarterly basis, gross domestic product went up 1.34 percent, following a 1.15 percent gain in the first quarter. GDP Annual Growth Rate in Albania averaged 4.11 percent from 1996 until 2018, 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
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 4.45% 3.36% 3.8%
2018-09-26 09:30 AM GDP Growth Rate YoY 4.32% 4.46% 3.7%
2018-12-28 11:00 AM GDP Growth Rate YoY 4.32% 3.3%


Albania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.34 1.15 6.00 -4.69 percent [+]
GDP Annual Growth Rate 4.32 4.46 13.50 -10.84 percent [+]
GDP 13.04 11.88 13.22 0.71 USD Billion [+]
GDP Constant Prices 377940.00 372942.93 377940.00 171020.40 ALL Million [+]
Gross Fixed Capital Formation 93772.00 71847.00 374058.00 61632.00 ALL Million [+]
GDP per capita 4868.20 4683.80 4868.20 1288.26 USD [+]
GDP per capita PPP 11803.40 11356.30 11803.40 3123.50 USD [+]
GDP From Agriculture 66779.00 66148.00 66779.00 50319.00 ALL Million [+]
GDP From Construction 35261.00 35693.00 45498.00 28028.00 ALL Million [+]
GDP From Manufacturing 25525.00 24552.00 25525.00 14554.00 ALL Million [+]
GDP From Mining 57686.00 53272.00 57686.00 28367.00 ALL Million [+]
GDP From Public Administration 41384.00 41518.00 42109.00 26314.00 ALL Million [+]
GDP From Services 59719.00 58045.00 59719.00 48198.00 ALL Million [+]


Albania GDP Annual Growth Rate

In Albania, the most important component on the expenditure side of the GDP is household consumption (78 percent) followed by gross fixed capital formation (26 percent) and 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.32 4.46 13.50 -10.84 1996 - 2018 percent Quarterly
NSA




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Japan 0.30 Sep/18
Argentina -4.20 Jun/18


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