Current Account in Albania

Albania Current Account | Economic News & Forecasts

Albania - Current Account

Economic growth should have been strong in Q3, supported by healthy growth in exports and tourist arrivals, and favorable weather buttressing electricity generation. Similar drivers appear to be at play in Q4. In October, robust export growth was driven by the minerals, fuels and electricity sub-sector. On 20 November the IMF concluded its staff visit to Albania. Despite affirming a positive outlook on growth, the IMF encouraged the government to speed up fiscal consolidation. The IMF also called for an improvement to the monetary policy transmission mechanism, to boost credit growth.

Albania - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-9.3  -11.8  -8.6  -7.6  -6.9  

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Albania Current Account Chart


Albania Current Account
Note: Current account balance as % of GDP.
Source: Bank of Albania

Albania Facts

ValueChangeDate
Exchange Rate119.2-0.56 %Dec 14
Stock Market0.10.0 %Dec 14

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