Basic Economic Indicators

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Basic Economic Indicators

Key Facts

Economic Situation

Albanian macroeconomic performance since the beginning of this decade has been strong. Growth has been rapid and the country is emerging from being a low-income country. Together with large remittances, rapid growth has significantly reduced poverty. Debt is declining and macroeconomic stability is being sustained.

ALBANIA - Comparative Macroeconomic performance 1996 – 2005

During this period, Albanian economic growth has been higher than that of other SEE countries. 1. Labour force defined as people in work plus registered unemployed (Albania in Figures 2006 – INSTAT. www.instat.gov.al). 2. IMF Country Report 06/286, July 2006. Fact Sheet No.2

Last updated: February 2007


Basic Economic Indicators

Real GDP change in countries of the region

Source: National Statistical Offices

Over the last few years, growth averaged at close to 6% and for 2005 the real GDP growth rate was 5.5%. Economic growth over this period was accompanied by ongoing consolidation of macroeconomic equilibrium, being evidenced in overall stable monetary indicators, low and stable inflation rates, and in the reduction of budget deficit and public debt. Inflation rates during the last three years have been anchored to the 2% - 4% target range. Over the last few years, Albania has experienced a dynamic sectoral development accompanied by redistribution of production factors and revenues. Two major components of GDI are the services and agriculture sectors while the construction sector plays an important role in the annual growth rate.

Sectoral Contribution to Annual Growth

GDP structure by sectors, 2005 (in %)

Source: Annual Report 2006, Bank of Albania

Fact Sheet No.2

Last updated: February 2007


Basic Economic Indicators

Basic economic indicators

Fact Sheet No.2

Last updated: February 2007


Basic Economic Indicators

Fact Sheet No.2

Last updated: February 2007


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