The economy of Albania advanced 3.1 percent year-on-year in the last three months of 2018, following an upwardly revised 4.7 percent growth in the previous quarter. It is the lowest expansion since the third quarter of 2016, mainly due to slowdowns in industry (9.9 percent compared to 12.6 percent in Q3); wholesale and retail trade (3.4 percent compared to 6.9 percent); construction (2.5 percent compared to 6.2 percent); real estate activities (0.1 percent compared to 2.6 percent); and agriculture (0.7 percent compared to 1.8 percent). On a quarterly basis, the GDP advanced 0.6 percent. Considering full 2018, the economy grew 4.1 percent, above 3.8 percent in 2017. GDP Annual Growth Rate in Albania averaged 4.10 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.

GDP Annual Growth Rate in Albania is expected to be 3.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Albania to stand at 3.60 in 12 months time. In the long-term, the Albania GDP Annual Growth Rate is projected to trend around 3.80 percent in 2020, according to our econometric models.

Albania GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
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 4.48% 4.19% 3.3%
2019-03-29 11:00 AM GDP Growth Rate YoY 3.1% 4.7% 2.7%
2019-06-28 10:00 AM GDP Growth Rate YoY 3.1% 3.6%
2019-09-30 10:00 AM GDP Growth Rate YoY 3.9%
2019-12-24 11:00 AM GDP Growth Rate YoY 3.7%


Albania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.90 6.00 -2.00 percent [+]
GDP Annual Growth Rate 3.10 4.66 13.50 -10.84 percent [+]
GDP 13.04 11.88 13.22 0.71 USD Billion [+]
GDP Constant Prices 382509.60 381252.90 382509.60 171020.40 ALL Million [+]
Gross Fixed Capital Formation 91538.00 94219.00 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 66582.37 66386.02 66779.00 50319.00 ALL Million [+]
GDP From Construction 35480.86 36655.55 45498.00 28028.00 ALL Million [+]
GDP From Manufacturing 25406.64 25239.59 25525.00 14554.00 ALL Million [+]
GDP From Mining 51367.43 51939.24 57686.00 28367.00 ALL Million [+]
GDP From Public Administration 43937.86 41992.48 43937.86 26314.00 ALL Million [+]
GDP From Services 60163.77 59907.30 60163.77 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.10 4.66 13.50 -10.84 1996 - 2018 percent Quarterly
NSA




Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 2.30 Dec/18
South Korea 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
Mexico 1.30 Mar/19
Euro Area 1.20 Mar/19
Singapore 1.20 Mar/19
Brazil 1.10 Dec/18
France 1.10 Mar/19
South Africa 1.10 Dec/18
Japan 0.80 Mar/19
Germany 0.70 Mar/19
Russia 0.50 Mar/19
Italy 0.10 Mar/19
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


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