The Gross Domestic Product (GDP) in Albania expanded 5.50 percent in the fourth quarter of 2021 over the same quarter of the previous year. source: Instituti i Statistikave (INSTAT)

GDP Annual Growth Rate in Albania averaged 3.84 percent from 1996 until 2021, reaching an all time high of 18.38 percent in the second quarter of 2021 and a record low of -11.33 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

GDP Annual Growth Rate in Albania is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Albania GDP Annual Growth Rate is projected to trend around 4.00 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Albania GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2021-12-23 11:00 AM Q3 6.99% 18.38% 4.2%
2022-03-31 10:00 AM Q4 5.5% 6.8% 3%
2022-06-29 10:00 AM Q1 5.5% 5.1%


Related Last Previous Unit Reference
GDP Growth Rate 0.20 0.73 percent Dec 2021
GDP Annual Growth Rate 5.50 6.99 percent Dec 2021
GDP Constant Prices 409712.80 407694.00 ALL Million Dec 2021
Gross Fixed Capital Formation 134934.00 96785.00 ALL Million Dec 2021
GDP From Services 62561.19 61398.26 ALL Million Dec 2021
GDP From Public Administration 49240.14 49909.33 ALL Million Dec 2021
GDP From Mining 53378.18 54818.17 ALL Million Dec 2021
GDP From Manufacturing 29882.30 27860.04 ALL Million Dec 2021
GDP From Construction 44977.61 40071.64 ALL Million Dec 2021
GDP From Agriculture 68041.47 66933.06 ALL Million Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
5.50 6.99 18.38 -11.33 1996 - 2021 percent Quarterly
NSA

News Stream
Albania GDP Growth Eases to 6.99% in Q3
Albania's gross domestic product expanded 6.99 percent year-on-year in the third quarter of 2021, easing from an upwardly revised 18.38 percent rise in the previous period. There was a slowdown in all sectors: household consumption (3.33 percent vs 10.91 percent in Q2 of 2021), gross fixed capital formation (3.84 percent vs 36.84 percent) and government expenditure (7.59 percent vs 11.33 percent). Meanwhile, foreign demand contributed positively to growth as exports went up 62.73 percent (vs 130.55 percent in Q2) while imports rose at a softer 35.87 percent (vs 53.72 percent). On a quarterly basis, the economy expanded by 0.73 percent.
2021-12-23
Albania GDP Annual Growth at Record High
Albania's gross domestic product expanded 17.9 percent year-on-year in the second quarter of 2021, following a 5.5% rise in the previous period. It was the highest growth rate ever as the economy rebounded sharply from a record fall a year earlier due to the Covid crisis.. All economic branches had a positive contribution to this historical growth rate as gross fixed capital formation jumped 35.8 percent, government expenditure rose 11 percent, and household consumption increased 9.8 percent. Meantime, foreign demand contributed positively to growth as exports surged 130.6 percent while imports went up 53.6 percent. On a quarterly basis, the economy expanded by 2.1 percent.
2021-09-30
Albania GDP Growth Accelerates to 5.5% in Q!
Albania's gross domestic product expanded 5.5 percent year-on-year in the first quarter of 2021, following a downwardly revised 2.4% rise in the previous period. Both government expenditure (5.2 percent vs 4.5 percent) and gross fixes capital formation (21.1 percent vs 10.5 percent) accelerated while household consumption slowed (1.5 percent vs 1.9 percent). Meantime, foreign demand contributed negatively to growth as exports went up 0.7 percent (vs -12 percent in Q4) while imports rose 7.6 percent (vs -10.6 percent in Q4). On a quarterly basis, the economy expanded by 2.3 percent.
2021-06-29