Consumption in Albania

Albania Consumption | Economic News & Forecasts

Albania - Consumption

Growth accelerated to 4.5% in Q1. The expansion was fueled by the industry, electricity and water; and retail trade, transport, accommodation and food services sub-sectors. In addition, labor market dynamics were healthy; the unemployment rate declined, while the participation rate rose. Momentum likely largely carried over into Q2. In the first two months of the quarter, exports rose at a double-digit pace and the trade deficit narrowed. However, the budget balance slipped into deficit in the year to May, compared to a surplus in the same period last year. In late May, the IMF urged renewed fiscal consolidation to trim the elevated public debt.

Albania - Consumption Data

2013  2014  2015  2016  2017  
Consumption (annual variation in %)1.8  2.8  0.9  2.6  2.9  

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Albania Consumption Chart

Albania Consumption
Note: Private Consumption, annual variation in %.
Source: Institute of Statistics

Albania Facts

Exchange Rate117.8-0.56 %Jul 13
Stock Market0.10.0 %Jul 13

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