Current Account in Albania

Albania Current Account | Economic News & Forecasts

Albania - Current Account

The economy grew 4.3% in Q2, supported by healthy private consumption and a stronger external sector. Private consumption was supported by a tighter labor market—the unemployment rate fell to a multi-year low in the quarter—while the external sector benefited from a surge in goods exports. In contrast, fixed investment growth dimmed, while government consumption contracted. Solid momentum likely carried over to Q3. In July and August, tourist arrivals soared and goods exports continued to expand robustly. Moreover, the fiscal position has strengthened notably in the first eight months of the year, boding well for the full-year outturn.

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

Exchange Rate118.4-0.56 %Oct 16
Stock Market0.10.0 %Oct 16

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