Markets Actual Q3 Q4 Q1 Q2 2023
Currency 113.86 116 118 120 121 125

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 1.56 0.8 0.9 0.9 0.9 0.9
GDP Annual Growth Rate (%) 5.97 4.2 5 5 5 4
Unemployment Rate (%) 11.70 13.2 13.3 13.3 13.3 13.2
Inflation Rate (%) 7.50 7.3 6.8 5.2 3.5 2.1
Inflation Rate Mom (%) 0.20 0.9 0.8 0.7 0.7 0.5
Interest Rate (%) 1.75 1.5 1.75 2.25 2.75 2.75
Balance of Trade (ALL Million) -35090.70 -37000 -37000 -37000 -37000 -37000
Current Account to GDP (% of GDP) -7.70 -8.4 -8.4 -8.4 -8.4 -8.1
Government Debt to GDP (% of GDP) 78.10 75.1 75.1 75.1 75.1 72
Government Budget (% of GDP) -6.90 -3 -3 -3 -3 -2.5
Business Confidence (points) 3.49 -5.4 -6 -6 -6 -6
Consumer Confidence (points) -34.91 -31 -12.5 -12.5 -12.5 -12.5
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 23.00 23 23 23 23 23

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 1.56 0.8 0.9 0.9 0.9 0.9
GDP Annual Growth Rate (%) 5.97 4.2 5 5 5 4
GDP (USD Billion) 18.26 18.29 18.29 18.29 18.29 19.5
GDP Constant Prices (ALL Million) 416085.20 424817 430198 436889 436889 447406
Gross Fixed Capital Formation (ALL Million) 87637.00 100850 142893 92019 92019 148609
GDP per capita (USD) 4831.87 5200 5500 5500 5500 5500
GDP per capita PPP (USD) 14520.11 13900 14000 14000 14000 14000
Full Year GDP Growth (%) 8.52 2.8 2.8 3.1 3.1 3.1
GDP From Agriculture (ALL Million) 67883.19 69744 71444 71277 71277 74301
GDP From Construction (ALL Million) 44673.61 41755 47226 46907 46907 49116
GDP From Manufacturing (ALL Million) 31886.31 29030 31376 33481 33481 32631
GDP From Mining (ALL Million) 51920.12 57121 56047 54516 54516 58289
GDP From Public Administration (ALL Million) 48206.41 52006 51702 50617 50617 53770
GDP From Services (ALL Million) 64603.58 63977 65689 67834 67834 68317

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 11.70 13.2 13.3 13.3 13.3 13.2
Unemployed Persons (Thousand ) 75.00 80 80 80 80 80
Wages (ALL/Month) 59242.00 64000 64000 64000 64000 64000
Minimum Wages (ALL/Month) 32000.00 28000 28000 28000 28000 28000
Population (Million) 2.83 2.84 2.83 2.83 2.83 2.83
Retirement Age Women 61.17 61.33 61.33 61.33 61.33 61.5
Retirement Age Men 65.00 65 65 65 65 65

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 7.50 7.3 6.8 5.2 3.5 2.1
Inflation Rate Mom (%) 0.20 0.9 0.8 0.7 0.7 0.5
Consumer Price Index CPI (points) 109.30 110 111 115 113 113
Producer Prices (points) 118.30 110 111 112 124 114
Producer Prices Change (%) 17.00 7.2 6.6 4.6 3 2.2
Harmonised Consumer Prices (points) 109.00 103 103 103 103 104
Food Inflation (%) 13.90 2.3 1.1 1.1 1.1 2.2
CPI Transportation (points) 125.30 126 127 128 129 130

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 1.75 1.5 1.75 2.25 2.75 2.75
Banks Balance Sheet (ALL Million) 1848896.20 1748696 1848696 1848696 1848696 1958696
Deposit Interest Rate (%) 0.25 0.5 0.75 1.25 1.75 1.75
Lending Rate (%) 2.25 2.5 2.75 3.25 3.75 3.75

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (ALL Million) -35090.70 -37000 -37000 -37000 -37000 -37000
Current Account to GDP (% of GDP) -7.70 -8.4 -8.4 -8.4 -8.4 -8.1
Imports (ALL Million) 81160.00 62500 62500 62500 62500 62500
Exports (ALL Million) 46069.30 25500 25500 25500 25500 25500

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 78.10 75.1 75.1 75.1 75.1 72
Government Budget (% of GDP) -6.90 -3 -3 -3 -3 -2.5
Government Budget Value (ALL Million) 15201.00 -1002 -1002 -1002 -1002 -1002
Government Spending (ALL Million) 41335.00 45923 53982 43402 43402 56141
Government Spending To GDP (% of GDP) 33.40 29.8 29.8 29.8 29.8 29.8

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 23.00 23 23 23 23 23
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 24.50 24.5 24.5 24.5 24.5 24.5
Social Security Rate For Companies (%) 15.00 15 15 15 15 15
Social Security Rate For Employees (%) 9.50 9.5 9.5 9.5 9.5 9.5

Business Actual Q3 Q4 Q1 Q2 2023
Business Confidence (points) 3.49 -5.4 -6 -6 -6 -6

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) -34.91 -31 -12.5 -12.5 -12.5 -12.5
Consumer Spending (ALL Million) 297403.00 304017 298744 312273 312273 310694
Gasoline Prices (USD/Liter) 1.85 1.92 1.99 2.07 2.14 2.14
Bank Lending Rate (%) 3.89 3.64 3.89 4.39 4.89 4.89
Consumer Credit (ALL Million) 240126.69 225080 233983 241720 252133 243342


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Albania Forecast - was last updated on Sunday, August 14, 2022.